Kmart Colac, 145-167 Murray Street,
Colac, VIC 3250
Shops & Retail
Price information
Sale
EOI closing 12pm (AEDT), Wednesday 13 March 2024
Key property information
Land area
Floor area
Car spaces
Property extent
Zoning
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$425,000
Number of Tenants
1 Tenant
Private inspections
to arrange a private inspection.
Map of Kmart Colac, 145-167 Murray Street
Train stations within 5 km of Kmart Colac, 145-167 Murray Street, Colac, VIC 3250 Distance Colac Station 423 m POWERED BY HERE ©Bus stops within 5 km of Kmart Colac, 145-167 Murray Street, Colac, VIC 3250 Distance Colac Bus Interchange/Gellibrand St (Colac) 132 m Colac Hospital/Corangamite St (Colac) 241 m Hart St/Connor St (Colac) 348 m Kanyana Senior Citizens/Bromfield St (Colac) 361 m Gellibrand St/Pollack St (Colac) 370 m POWERED BY HERE ©
POWERED BY HERE ©
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
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
Property ID: 504514592Last Updated: 11 Feb 2024
Kmart Colac, 145-167 Murray Street
Colac, VIC 3250
Savills - MelbourneLevel 29, South Tower, 80 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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