4-6 Scott Street Colac VIC 3250

A wonderful opportunity to acquire a key investment that provides the security of a long term, national tenant in a popular and expanding regional city. To be offered in an executors realization sale.
Tenanted by GPC Asia Pacific, trading as Repco. Australia and NZ largest automotive aftermarket parts supplier. Backed by Genuine Parts Company, a US corporation with a market capitalization of more than US$15b.
Trading from the site since 2004, the lease has recently been renewed for a further 3 year term, with two further 3 year options.
Net lease with annual income of $92,304 with favourable CPI increases.
Beautifully situated adjacent to Murray Street, the Princes Highway that carries approximately 14,500 vehicles a day through Colac.
Colac Otway Shire boasts a current population of 22,177 and the town of Colac is expected to double its population by 2050.
50% stamp duty concession may be applicable

Auction: Tues 5th Dec at 11am. Leonda by the Yarra, Hawthorn.