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4-6 Scott Street, Colac, VIC, 3250

2. Property Highlights

  • Secure, long term tenant
  • Well situated near similiar businesses
  • Annual rent reviews

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
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3. Property Location

4-6 Scott Street, Colac, VIC, 3250

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4. Due Diligence

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4-6 Scott Street, Colac, VIC, 3250 Colac
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