Currently tenanted at a great return of 10%, this Commercial Freehold in prominent Colac position is now available to purchase. George Taylor’s Stores – a viable long term tenant – operate from this freehold.
Lease runs to March 2019 with 3 year option, current rent of $59,803 (incl GST) p.a. CPI reviews annually, tenant pays rates.
With an approximate site area of 2000 sqm and retail area of 840 sqm plus a 180 sqm shed, this presents a rare opportunity for the savvy investor.