Description

Auction Location: Leonda by the Yarra. Hawthorn

A wonderful opportunity to acquire a key investment that provides the security of a long term, national tenant in a popular and expanding regional city. To be offered in an executors realization sale.
• Tenanted by GPC Asia Pacific, trading as Repco. Australia and NZ largest automotive aftermarket parts supplier. Backed by Genuine Parts Company, a US corporation with a market capitalization of more than US$15b.
• Trading from the site since 2004, the lease has recently been renewed for a further 3 year term, with two further 3 year options.
• Net lease with annual income of $92,304 with favourable CPI increases.
• Beautifully situated adjacent to Murray Street, the Princes Highway that carries approximately 14,500 vehicles a day through Colac.
• Colac Otway Shire boasts a current population of 22,177 and the town of Colac is expected to double its population by 2050.
• 50% stamp duty concession may be applicable

Auction: Tues 5th Dec at 11am. Leonda by the Yarra, Hawthorn.