Knight Frank is delighted to offer to the market one of the Western District’s best investments. Located in arguably the best position in Colac this prime retail investment is one of the area’s most exciting opportunities, with a secure 5 year lease in place with Westpac Banking Corporation. This prominent building boasts dual street frontage and rear on site car parking. The property is further enhanced by a secure residential lease on the first floor. Colac is a significant regional centre located between Geelong and Warrambool with an estimated catchment area of 30,000 people.

Further enhanced by a flexible Commercial 1 zoning and close proximately to other national tenants such as Aldi, Coles and Bunnings, this opportunity will be a fantastic addition to any investors property portfolio.

Features Include:

• AAA Tenant- Westpac Banking Corporation
• 5 year lease (commenced) with a 5 year option
• Fixed 3 % annual increases
• Substantial land area of 589sqm
• Dual frontage, with onsite car parking
• Total annual income $104,625 net (plus outgoings and GST)
• Circa 7% yield expected

For further information, please contact Paul Pellegrino.