46 Rae Street Colac VIC 3250

Centrally located in Colac, this very well-presented property will suit both owner occupiers and/ or investor buyers. The property comprises extensively renovated office premises comprising reception area, large open plan workspace or meeting room plus three other offices, a full kitchen and two bathrooms (including one all-abilities). The building has both central heating and reverse cycle units in offices, data cabling and a PV solar system.
Situated behind the office is an 11x8m storage shed with twin roller door access. There are 4 onsite car parks on the 650m² site, which is zoned Commercial 1 allowing versatile business use.
Both the office and shed are currently let, on separate periodic leases. An astute buyer has the option of locking in tenants with new fixed leases, providing an income of approximately $40,000 per annum or vacating the tenants to self-occupy the property. A wonderful opportunity to acquire a flexible investment property located in a growing regional city with a vibrant business community.