130 - 138 Bromfield Street Colac VIC 3250

Your opportunity to secure a modern Bunnings Warehouse investment property of 3,912sqm approx. GLA with 41 highly convenient at grade car parks.

Situated in a highly strategic location in the heart of Colac adjacent the new Coles anchored Colac Plaza Shopping Centre, in close proximity to other national retailers including Aldi, Woolworths and BWS.

High profile triple fronted 6,823sqm approx. Land holding with frontages to Bromfield, Queen and Rae Streets.

Excellent security of income with a 10 year net lease to Bunnings Ltd. Subsidiary of Wesfarmers (ASX:WES) with options until 2035.

Attractive NET Lease structure where Bunnings pay all outgoings including state land tax on a single holding basis, with fixed income growth through 2.75% annual increases.

High growth location with the Colac Strategic 2050 plan to see the population double over the next 30 years.

Net Annual income of $475,090 pa*

*approx..