Renewed Lease to ASX Listed Tenant – Brilliant Position Amongst Major Brands
3/118-128 Bromfield Street , Colac VIC
Property Highlights
Description
Renewed 5 year lease to July 2023 plus option
Rivers: Wholly owned by ASX listed Mosaic Brands Limited with 1,350 stores nationally
Fixed 4% annual rent increases ensuring rental growth
Modern 489sqm retail premises with rear loading and direct access to 195 car parks
Irreplaceable position immediately surrounded by Bunnings, ALDI supermarket, Best & Less and BWS liquor
Colac: Important regional city mid way between Geelong and Warrnambool servicing 30,000+ trade catchment extending to the Great Ocean Road
Net Income: $84,498 pa + GST (August 2021)
To be sold by Burgess Rawson Investment Portfolio Auction
Tuesday 10th August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
Property Details
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