136 Koroit Street Warrnambool VIC 3280

Burgess Rawson, together with Luderman Real Estate, are pleased to offer to the market the Ozmosis located at 136 Koroit Street, Warrnambool VIC for sale via Investment Portfolio Auction 171.

This property has the following investment highlights:

+ 5 year lease to February 2028 plus options to 2038.
+ Longstanding and successful surf shop in operation in Warrnambool since 1999.
+ Ozmosis (Rip Curl Group): wholly owned by ASX listed KMD Brands (Kathmandu) - market cap $343 million. (1)
+ Rip Curl Group (Est 1969): One of the largest wholesale and retail surfing companies worldwide, recently acquired by KMD Brands.
+ KMD Brands: Formerly Kathmandu Holdings, and ASX and NSX listed sporting company consisting of three major brands, Kathmandu, Rip Curl and Oboz.
+ Fixed 5% annual rent increases ensuring income growth.
+ Landlord favourable net lease terms with tenant paying outgoings including single holding land tax.
+ Prime 306sqm* freehold title with premium Commercial 1 zoning.
+ High profile position evidenced by neighbouring retailers including Target, Jeans West, Reject Shop, NAB, and Westpac.
+ Warrnambool: Victoria's largest coastal city with growing trade population over 100,000 plus 'year round' tourist surges to Great Ocean Road hotspots attracting over 2 million visitors annually. (1)
+ Net Income: $67,009 pa* + GST.

To be sold by Investment Portfolio Auction:
10:30am AEST Wednesday 18 September 2024
Crown Casino, River Rooms, Melbourne

*Approx
(1) Yahoo Finance
(2) Economy.id