Renewed Lease to ASX Listed Reece Limited (ASX:REH)
48 Rae Street , Colac VIC
Property Highlights
Description
+Secure Five (5) year lease to June 2026 plus options to 2036.
+Reece Limited: (ASX:REH) listed company with current $12.38 Billion market cap and over 370 stores nationally.
+Investor preferred net lease terms with tenant paying all usual outgoings.
+Annual CPI rent reviews.
+Large 1,292sqm* freehold title with premium Commercial 1 Zoning and low 36% site coverage.
+546sqm* building including reception, offices, and warehouse.
+Prime position immediately surrounded by Bunnings, ALDI, Coles and Woolworths.
+Colac: important commercial centre midway between Geelong and Warrnambool with a trade catchment of 32,000 plus extending to the Great Ocean Road.
+Net Income: $37,084pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 30 March 2022
Crown Casino – River Room
*Approx
Property Details