Collins Booksellers have been tenants since August 1st 2015, in a 5 year lease with 4 x 3 yearly options. Current 3 year option runs to August 1st 2026, with 2 more 3 year options after 2026.
Current rent is $64,809 per annum. Increases are annually to CPI (all groups) and to market at 3 year option dates. Tenant pays outgoings (including rates and insurance).
The 2 level building is brick and is in excellent condition.
This presents a rare opportunity to purchase such a good building with a reliable strong tenant in arguably the most sought-after strip in Warrnambool CBD.
For more information, please phone Mark Wilson 0408 529 275.
Disclaimer:
For Statement Of Information & Due Diligence please head to our website at www.wilsonswarrnambool.com.au. All measurements are correct to the best of our knowledge, as provided by property owners and external websites. Please complete due diligence to confirm.
