Description

One of the Western District’s best investments. Located in
arguably the best position in Colac this prime retail
investment is one of the area’s most exciting
opportunities, with a secure 5 year lease in place with
Westpac Banking Corporation. This prominent
building boasts dual street frontage and rear on site
car parking. The property is further enhanced by a
secure residential lease on the first floor. Colac is a
significant regional centre located between Geelong
and Warrambool with an estimated catchment area of
30,000 people.
Further enhanced by a flexible Commercial 1 zoning
and close proximately to other national tenants such
as Aldi, Coles and Bunnings, this opportunity will be a
fantastic addition to any investors property portfolio.
Features Include:
• AAA Tenant- Westpac Banking Corporation
• 5 year lease with a 5 year option (commenced)
• Fixed 3 % annual increases
• Substantial land area of 589sqm
• Dual frontage, with onsite car parking
• Total annual income $104,625 net (plus outgoings
and GST)
• Circa 7% yield expected