Description

This offering is an opportunity to acquire a commercial freehold situated in a prime location in Colac's retail precinct. Leased to Australia Postal Corporation the property benefits enormously from having rear access directly from the popular Johnstone's public carpark.
The 250m² brick building includes retail area, plus mail sorting, parcel delivery and post office boxes. The lease is a renewed three term, commenced in December 2024 and provides two further three-year terms. Current rent is $63,500 per annum plus GST and tenant pays all outgoings including land tax.
The site is 395m² with rear access and zoned commercial 1. The property is located among retailers including Kmart and Cheap as Chips and on the same block as two major banks.
Undoubtably a first-rate investment asset, with the security of an Australian government owned corporation as the long-term tenant.