196-200 Murray Street,
Colac, VIC 3250

Shops & Retail

Price information

Sold

$672,000

Key property information

Land area

Floor area

Property extent

Sold on

Map of 196-200 Murray Street

Directions

Fully Leased Investment With Big Upside

Security of three separate tenancies
Potential to increase income
Central location

• Fully Leased investment with established tenants including
Toyworld, ‘Offshore’ Surf Shop and ‘Oakmoss’ Cafe/Florist
• Annual rent increases, tenants pay usual outgoings
• Highly prominent corner exposure to central Coles & Woolworths
and amongst McDonalds, KFC, Bank of Melbourne etc.
• 3 shops totalling 875 sqm providing dual retail frontage of 35m
• Contiguous land holding of 950 sqm with future development
potential (STCA)
• Zoned Commercial 1: Premium retail zoning
• Underlet: Rent below market at an average of $55 psm pa
• Rent: $47,510 pa
• Colac: A significant regional centre, midway between Geelong
& Warrnambool with estimated trade catchment of 30,000.

Auction 11am AEST Wednesday 15 April
River Room, Crown Casino, Melbourne

Conjunctional agents - Burgess Rawson, Melbourne.
Shaun Venables 0411 860865
Scott Meighan 0413 830709

Property ID: 501497603Last Updated: 13 May 2015

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