Premium Freehold Convenience Retail Investment in Booming Regional Victoria

309-315 Princes Highway , Colac VIC

Property Highlights

Leased to 7-Eleven & AutoPro
Substantial depreciation benefits
Potential 50% stamp duty savings
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Description

+ New 12-year lease to 7-Eleven to 2032 plus 4 x 5-year options to 2052.
+ Brand new 6-year lease to Autopro to 2029 plus 1 x 5-year option to 2034.
+ 7-Eleven: Australia’s #1 convenience retailer with over 700 stores and accounting for approximately 38% market share.**
+ In the last two years, 7-Eleven has opened 13 stores in Victoria, with the company planning to open over 10 new sites across Regional Victoria the next 24 months.***
+ 7-Eleven: responsible for all usual outgoings excluding single holding land tax.
+ Autopro: subsidiary of Bapcor Limited (ASX: BAP), a $2.17 billion ASX-listed company with a retail network of over 1,000 stores including stablemates Autobarn, Midas, Burson and ABS Brakes.****
+ Autopro: responsible for all usual outgoings including single holding land tax, insurance and management fees.
+ Annual CPI reviews.
+ As new service station and brand new large format retail building, offering substantial depreciation benefits – $201,000 in potential year 1 tax deductions (49%).*****
+ Significant 4,870 sqm corner site with 136 metres* of frontage and exposure to the Princes Highway, with over 14,000 vehicles passing daily.******
+ High profile CBD location directly opposite Repco and within 1.2 km* of Bunnings, Coles, Woolworths, ALDI, Kmart, Cheap as Chips, Reece Plumbing, PETstock, Bulla Dairy Foods, McDonald’s and KFC.
+ Surrounded by important social infrastructure including the Colac Area Health, Otway Shire Council Buildings and 9 schools within 2.5km servicing over 2,600 full time students.******
+ Colac: important commercial centre midway between Geelong and Warrnambool with a trade catchment of over 32,000 extending to the Great Ocean Road.
+ Colac is a booming regional growth suburb, with median house prices up 57% since January 2020.*******
+ The Colac Otway Shire is an important manufacturing region, generating over $3.5 billion in annual economic output.********
+ Potential 50% stamp duty savings.
+ Estimated Net Income: $410,675 pa* + GST

*Approximately
**7-Eleven
***CI
****Bapcor
*****JM Advisory
****** GapMaps
*******realestate.com.au
********Remplan

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
4,870 SQM
Building Area
1 SQM

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