Description

Auction Location: Crown Casino, Melbourne.

+ Renewed 3 year lease plus options to 2029
+ Longstanding and successful business for 25 years
+ Substantial 645sqm* building with 14m double shop front
+ Significant 727sqm site with premium commercial 1 zoning
+ Prominent location surrounded by tenants such as Bunnings, Coles, ANZ, NAB
+ Single tenant minimum management investment
+ Tenant pays usual outgoings
+ Colac: Strong commercial centre midway between Geelong and Warrnambool servicing a trade catchment in excess of 32,000
+ Colac Otway Shire: population forecast to grow by 25.2% in 2041**
+ Net Income: $48,000