101 - 103 Wallace Street Colac VIC 3250

Burgess Rawson is pleased to offer to market 'Origin Energy' and 'Colac Hire' located at 101 - 103 Wallace Street, Colac VIC for sale via Investment Portfolio Auction 166.

The opportunity has the following key investment highlights:

+ Rare and affordable industrial anchored freehold investment with a strong 5+ year WALE.
+ Ten (10) year net lease to Origin Energy to 2028 plus one further option to 2033.
+ Renewed Six (6) year net lease to Colac Hire to 2030 plus two further options to 2040.
+ Origin Energy (ASX:ORG): one of Australia's leading integrated electricity and gas retailers and top 40 ASX-listed company with a market cap of 13.97bn.*
+ Colac Hire: established and successful family run business of 48+ years.
+ Strong rental growth forecast with annual CPI and fixed 2.5% annual rent reviews.
+ Investor preferred net lease terms with tenants responsible for all usual outgoings as per lease.
+ Well-maintained 426sqm* industrial storage shed utilised for equipment hire plus origin energy office.
+ Substantial 4,345sqm* main road corner site with triple street frontage and exposure to 8,400 passing vehicles daily.**
+ Strategically positioned amongst Colac's dominant industrial precinct, within metres from Australia Post delivery day centre, AKD Softwoods, Calco Timbers, Burson Autoparts, Dulux Trade Centre, and Hanson Australia.
+ Conveniently located 890m* from Colac's CBD, underpinned by national retailers Coles, Bunnings, ALDI, Supercheap Auto, Petstock and Woolworths.
+ Colac: important commercial centre midway between Geelong and Warrnambool with a trade catchment well over 32,000 extending to the Great Ocean Road.
+ Colac Otway Shire: an important manufacturing region, generating over $4.1 billion in annual economic output.***
+ Potential 50% stamp duty savings.
+ Combined Net Income: $88,467 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 21 February 2024
Crown Casino, Melbourne

*ASX
**Gapmaps
*** REMPlan