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SOLD

4-6 Scott Street, Colac, VIC, 3250

Properties / Sold / Victoria / Colac

Tenanted Investment

1. Property Summary

Selling Method

For Sale

Selling Details

Contact Agent

Land Area

510 m² (*approx)

Floor Area

455 m² (*approx)

Property Type

Retail

Terms

Renewed for a further 3 year term, with two further 3 year options

Est. Income

$92,304 p/a

Fully Leased

Repco

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2. Property Highlights

LOCAL INVESTMENT WITH INTERNATIONAL BACKING

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