Sold
PAINT THE TOWN RED WITH A GOLDEN OPPORTUNITY!
314-316 Murray Street, Colac VIC 3250
Last Asking Price - $590,000
RetailSize: n/a
Block size: 640 m² approx.
Blue chip investment opportunity in a growing regional city, featuring a solid brick retail premises fronting the Princes Highway (Murray Street) and with convenient rear lane access for deliveries and loading. The property is positioned among fast food and convenience retailers on the busy Highway.
Haymes Paints retails from the site, with a 20 plus year history of business in this location. The property provides a solid $33,736 per annum income stream with the benefit of annual 3% rent increase. The current five-year term has more than two years remaining, with a further five-year option to follow, with a market review applicable at the option date.
This is a golden opportunity to acquire a sound investment, which will ideally suit those seeking an easy to manage investment, with some potential upside. It should be of particular interest to those with self-managed super funds seeking cash flow and growth.
Haymes Paints retails from the site, with a 20 plus year history of business in this location. The property provides a solid $33,736 per annum income stream with the benefit of annual 3% rent increase. The current five-year term has more than two years remaining, with a further five-year option to follow, with a market review applicable at the option date.
This is a golden opportunity to acquire a sound investment, which will ideally suit those seeking an easy to manage investment, with some potential upside. It should be of particular interest to those with self-managed super funds seeking cash flow and growth.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Anthony McDonald to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
4
Property type:
Retail
Block Size:
640 m²*
Other Details
Lot:
1
Plan:
TP804667
Legal description:
1\TP804667
Maps and area information
Block information
Block size: 640m² (approx)
Legal description: 1\TP804667
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
08 Mar 2024
Sold
Charles Stewart Real Estate Colac
Listed: 23/02/2024
Block size: 640m²
Transfer type: Full transfer
04 Aug 2021
Sold
No Agent Property
$275,000
Contract: 04/08/2021
Listed: 12/10/2016
Days on market: 1757
Transfer type: Full transfer
Colac suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
46 years
Population
9,243
Listing ID: 182324365. This listing has been viewed 0 times. It was first displayed on 23/02/2024 and last updated on 08/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.