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145-167 Murray Street
Colac VIC 3250
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Sold on 25 Mar 2024

145-167 Murray Street Colac VIC 3250

  • Shop & Retail
  • 4,459 m²
  • Sold

Freestanding Investment with Significant Upside | 50% Stamp Duty Savings

  • Securely leased to Kmart Australia Ltd
  • Substantial landholding of 7,823 sq m*
  • 70 metre frontage to Princes Highway

Savills Retail Investments is pleased to offer this prime freestanding Kmart located at 145-167 Murray Street, Colac which represents an outstanding opportunity to purchase a large site in Colac CBD, securely leased to Kmart Australia Limited.

Key Investment Highlights:

- BLUE-CHIP SINGLE TENANTED INVESTMENT | Wesfarmers Covenant Wesfarmers has grown into one of Australia's largest listed companies, secured by a renewed lease to Kmart Australia Limited, with a total GLA of 4,459sq m*

- RENEWED LEASE | 3 Years + 3 x 3-year options to May 2036
Kmart Australia Ltd have exercised their first 3-year option commencing 14 May 2024

- FUTURE DEVELOPMENT POTENTIAL | Alternative Use Opportunities (Favourable 'Commercial 1' Zone)

- SIGNIFICANT VALUE-ADD | An existing improvement with street frontage to Dennis Street can be utilised to enhance further potential

- LARGE SITE AREA 7,823sq m | Extensive prime CBD site of 7,823sq m* with approximately 70 metres of Murray Street (Princes Highway) frontage

- COLAC CBD LOCATION Largest commercial centre of the Colac Otway Shire | A major industrial, commercial and service centre of Western Victoria, approximately 150 kilometres south-west of Melbourne.

*Approx.

For Sale by Expressions of Interest, closing at 12pm (AEDT), Wednesday 13 March, 2024

Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

Date Sold25 Mar 2024
Floor Area4,459 m²
Land Area7,823 m²
Parking101 x Onsite parkings
Building TypeWhole building
Property ID2019044622
Category
Last updated  25 Mar 2024
Map for 145-167 Murray Street Colac VIC 3250
Savills Melbourne
Savills Melbourne
Level 29, South Tower, 80 Collins Street,
Melbourne, VIC 3000

Property Highlights

Date Sold25 Mar 2024
Floor Area4,459 m²
Land Area7,823 m²
Parking101 x Onsite parkings
Building TypeWhole building
Property ID2019044622
Category
Last updated  25 Mar 2024

Co-Agents

More about 145-167 Murray Street Colac VIC 3250

145-167 Murray Street Colac VIC 3250 is categorized as Shop & Retail Property. It has a floor area of 4,459 m² and a land area of 7,823 m². There are 101 x onsite parkings.The listing ID for this property is 2019044622.

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