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48 Rae Street, COLAC, VIC, 3250
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2. Property Highlights

Renewed Lease to ASX Listed Reece Limited (ASX:REH)
  • 5-year lease plus options
  • Reece on-site since 1999
  • Tenant pays all outgoings

+Secure Five (5) year lease to June 2026 plus options to 2036.

+Reece Limited: (ASX:REH) listed company with current $12.38 Billion market cap and over 370 stores nationally.

+Investor preferred net lease terms with tenant paying all usual outgoings.

+Annual CPI rent reviews.

+Large 1,292sqm* freehold title with premium Commercial 1 Zoning and low 36% site coverage.

+546sqm* building including reception, offices, and warehouse.

+Prime position immediately surrounded by Bunnings, ALDI, Coles and Woolworths.

+Colac: important commercial centre midway between Geelong and Warrnambool with a trade catchment of 32,000 plus extending to the Great Ocean Road.

+Net Income: $37,084pa + GST.

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 30 March 2022

Crown Casino - River Room

*Approx

Remember to mention you found this property on CommercialReady.com.au

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Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898

3. Property Location

48 Rae Street, COLAC, VIC, 3250

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4. Due Diligence

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48 Rae Street, COLAC, VIC, 3250 Colac
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
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