52-58 Corangamite Street Colac VIC 3250

A wonderful opportunity to acquire a first-class office building with a secure long-term lease to leading south west business advisory and accountancy practice.
Well-appointed brick building of 380m² with a broad street frontage. Building was refurbished in 2018.
Ten-year lease to Sinclair Wilson extends to 2028, with three further five-year terms to follow. Current income of $89,124 p. annum + GST with annual CPI increases applicable.
Tenant pays all usual outgoings.
Situated on a huge 990m² with additional (Bromfield) street frontage that offers further development potential.
Convenient staff and customer carparking for 18 vehicles
Sinclair Wilson are in the top 50 largest accounting and advisory practices in Australia and have a long history in south west Victoria, their long tenure on this site provides an opportunity for an astute investor to acquire a gold class investment.
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.

AUCTION: Tuesday 12th November, from 11am at 335 Camberwell Rd, Camberwell