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145-167 Murray Street
Colac VIC 3250
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Savills Melbourne

145-167 Murray Street Colac VIC 3250

  • Shop & Retail
  • 4,459 m²
  • For Sale, EOI closing 12pm (AEDT), Wednesday 13 March 2024

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

Property Highlights

Floor Area4,459 m²
Land Area7,823 m²
Parking101 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019044622
Category
Last updated  11 Feb 2024
Map for 145-167 Murray Street Colac VIC 3250

Property Highlights

Floor Area4,459 m²
Land Area7,823 m²
Parking101 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019044622
Category
Last updated  11 Feb 2024

Co-Agents

Rick Silberman
Rick Silberman
Savills Melbourne
Call
0432 831 511
Stephen Bolton
Stephen Bolton
Savills Melbourne
Call
0419 323 997

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