Description

Large Site and Long Lease
A well maintained, purpose built brick retail building comprising large showroom, office and cool rooms/ loading area with excellent access.
Current five year lease term, with two further five year options to come.
Commercial 1 zoned site of 1992m² with double frontage to Bromfield Street and additional Rae Street frontage at the rear.
Current passing rent $42,671.13 + GST (August 2019) tenant pays all usual outgoings.
The property is occupied by a quality long standing tenant, Barlings Fruit Market. This business has operated on this site since 1990.
An unrivalled opportunity to acquire an outstanding investment in Colac’s most popular street, with the solid cash flow and potential to further develop the site.