24 Hugh Murray Drive Colac East VIC 3250

A wonderful opportunity to acquire a quality property with a secure long-term lease to Global industrial company.
Industrial zoned site of 2834m² with two warehouses totalling 828m²
Five-year lease to BASF Australia Ltd extends to 2028, with two further three-year terms. Current income of $68,720 p. annum + GST with annual 2.5% increases applicable.
Tenant pays all usual outgoings.
BASF Australia Ltd are part of a global business with net worth of 35.85.
Colac is a growing and thriving regional city with a diverse economy that includes agriculture, manufacturing and heath care, and is a service hub for much of the South west.
Regional stamp duty concession of 50% may be applicable (subject to approval).