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Kmart Colac, 145-167 Murray Street, Colac, VIC, 3250

2. Property Highlights

Freestanding Investment with Significant Upside | 50% Stamp Duty Savings
  • Securely leased to Kmart Australia Ltd
  • Substantial landholding of 7,823 sq m*
  • 70 metre frontage to Princes Highway

Savills Retail Investments is pleased to offer this prime freestanding Kmart located at 145-167 Murray Street, Colac which represents an outstanding opportunity to purchase a large site in Colac CBD, securely leased to Kmart Australia Limited.

Key Investment Highlights:

- BLUE-CHIP SINGLE TENANTED INVESTMENT | Wesfarmers Covenant Wesfarmers has grown into one of Australia’s largest listed companies, secured by a renewed lease to Kmart Australia Limited, with a total GLA of 4,459sq m*

- RENEWED LEASE | 3 Years + 3 x 3-year options to May 2036

Kmart Australia Ltd have exercised their first 3-year option commencing 14 May 2024

- FUTURE DEVELOPMENT POTENTIAL | Alternative Use Opportunities (Favourable ‘Commercial 1’ Zone)

- SIGNIFICANT VALUE-ADD | An existing improvement with street frontage to Dennis Street can be utilised to enhance further potential

- LARGE SITE AREA – 7,823sq m | Extensive prime CBD site of 7,823sq m* with approximately 70 metres of Murray Street (Princes Highway) frontage

- COLAC CBD LOCATION – Largest commercial centre of the Colac Otway Shire | A major industrial, commercial and service centre of Western Victoria, approximately 150 kilometres south-west of Melbourne.

*Approx.

For Sale by Expressions of Interest, closing at 12pm (AEDT), Wednesday 13 March, 2024

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3. Property Location

Kmart Colac, 145-167 Murray Street, Colac, VIC, 3250

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4. Due Diligence

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Kmart Colac, 145-167 Murray Street, Colac, VIC, 3250 Colac
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