63-67 Commercial Street Korumburra VIC 3950

Situated smack-bang in the middle of Korumburras main shopping strip and originally the home of Coles Supermarket, we are excited to offer this once in a lifetime investment opportunity to the market. The building itself is of solid brick construction with a gorgeous sawtooth roof, flooding the showroom with natural light. Approximately 515m2 in size, it is comprised of a large open plan showroom at the front (approximately 420m2) and the remainder of the building at the rear a receiving dock with roller door, staff amenities, toilets and storage.

The entire building has been treated to a recent refurbishment including re-instating the gorgeous timber flooring, exposing the stunning original brick walls and repainting the front fascia in striking black and gold.

The premises is currently leased to a fantastic long term tenant, being The Borough Dept. Store. A collaboration of Tamsins Table Cake Shop and The Borough Café and Pantry plus a wine store, weekly market and regular pop up shops, this new addition to Commercial Street has been popular with locals and tourists alike. The tenants have just signed a 3 year option, with two further 3 year options to follow at a very healthy 6.63% return with 4% annual increases.

Investment opportunities in Korumburra are becoming harder and harder to come by dont let this one pass you by! A stable, long term tenant with a very healthy return and regular increases perfect!