31A Forest Street,
Colac, VIC 3250

Warehouse, Factory & Industrial

Key property information

Land area

Floor area

Car spaces

Property extent

Sold on

Map of 31A Forest Street

Directions

Investment Cashflow Opportunity

• Rare opportunity to secure a safe cash flow asset in a growing regional centre
• Large colorbond warehouse building, approx. 33x18m.
• Gross lettable area of 720sqm includes warehouse, offices, amenities & mezzanine
• Long standing tenant with new 3+3+3 year lease, from 1 July 2021.
• Industrial 1 zoned site of 1643sqm in heart of Colac's eastern industrial precinct
• Rent $37,354 p.annum.+ GST (at 1 July). Tenant pays applicable outgoings.
• 2.5% annual rent increase.
• Outstanding long term tenant with well-established business
• Full details available in IM available on request.

Colac, 3250 demographic data

The median household income for Colac is $1,108, 20% lower than Regional Victoria's household income of $1,386. Colac has an older age profile compared to the rest of Regional Victoria (median age 44 vs 43). Property ownership data shows 41% of property owners in Colac have a mortgage.

9,243

Population

$1,108 per week

Median household income

44 years

Median age

Owners

Most residents

Families

Most households