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Kmart Colac, 145-167 Murray Street, Colac, VIC, 3250

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Kmart Colac, 145-167 Murray Street, Colac, VIC, 3250

Kmart Colac, 145-167 Murray Street, Colac, VIC, 3250

Properties / Sold / Victoria / Colac
Tenanted Investment

1. Property Summary

Selling Method
Expression of Interest
Selling Details
EOI closing 12pm (AEDT), Wednesday 13 March 2024
Land Area
7,823 m² (*approx)
Floor Area
4459 m² (*approx)
Property Type
Retail
Terms
3 Years + 3 x 3-year options to May 2036
Est. Income
$425,000 p/a
Fully Leased
Kmart Australia Ltd
Car Spaces
101
Show All

2. Property Highlights

Freestanding Investment with Significant Upside | 50% Stamp Duty Savings
  • Securely leased to Kmart Australia Ltd
  • Substantial landholding of 7,823 sq m*
  • 70 metre frontage to Princes Highway

Savills Retail Investments is pleased to offer this prime freestanding Kmart located at 145-167 Murray Street, Colac which represents an outstanding opportunity to purchase a large site in Colac CBD, securely leased to Kmart Australia Limited.

Key Investment Highlights:

- BLUE-CHIP SINGLE TENANTED INVESTMENT | Wesfarmers Covenant Wesfarmers has grown into one of Australia’s largest listed companies, secured by a renewed lease to Kmart Australia Limited, with a total GLA of 4,459sq m*

- RENEWED LEASE | 3 Years + 3 x 3-year options to May 2036

Kmart Australia Ltd have exercised their first 3-year option commencing 14 May 2024

- FUTURE DEVELOPMENT POTENTIAL | Alternative Use Opportunities (Favourable ‘Commercial 1’ Zone)

- SIGNIFICANT VALUE-ADD | An existing improvement with street frontage to Dennis Street can be utilised to enhance further potential

- LARGE SITE AREA – 7,823sq m | Extensive prime CBD site of 7,823sq m* with approximately 70 metres of Murray Street (Princes Highway) frontage

- COLAC CBD LOCATION – Largest commercial centre of the Colac Otway Shire | A major industrial, commercial and service centre of Western Victoria, approximately 150 kilometres south-west of Melbourne.

*Approx.

For Sale by Expressions of Interest, closing at 12pm (AEDT), Wednesday 13 March, 2024

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Retail
Est. Income
$425,000 p/a
Tenant
Kmart Australia Ltd
Terms
3 Years + 3 x 3-year options to May 2036
Land Area
7,823 m² (*approx)
Floor Area
4459 m² (*approx)
Car Spaces
101
Selling Method
Expression of Interest
Selling Details
EOI closing 12pm (AEDT), Wednesday 13 March 2024

2. Property Highlights

Freestanding Investment with Significant Upside | 50% Stamp Duty Savings
  • Securely leased to Kmart Australia Ltd
  • Substantial landholding of 7,823 sq m*
  • 70 metre frontage to Princes Highway

Savills Retail Investments is pleased to offer this prime freestanding Kmart located at 145-167 Murray Street, Colac which represents an outstanding opportunity to purchase a large site in Colac CBD, securely leased to Kmart Australia Limited.

Key Investment Highlights:

- BLUE-CHIP SINGLE TENANTED INVESTMENT | Wesfarmers Covenant Wesfarmers has grown into one of Australia’s largest listed companies, secured by a renewed lease to Kmart Australia Limited, with a total GLA of 4,459sq m*

- RENEWED LEASE | 3 Years + 3 x 3-year options to May 2036

Kmart Australia Ltd have exercised their first 3-year option commencing 14 May 2024

- FUTURE DEVELOPMENT POTENTIAL | Alternative Use Opportunities (Favourable ‘Commercial 1’ Zone)

- SIGNIFICANT VALUE-ADD | An existing improvement with street frontage to Dennis Street can be utilised to enhance further potential

- LARGE SITE AREA – 7,823sq m | Extensive prime CBD site of 7,823sq m* with approximately 70 metres of Murray Street (Princes Highway) frontage

- COLAC CBD LOCATION – Largest commercial centre of the Colac Otway Shire | A major industrial, commercial and service centre of Western Victoria, approximately 150 kilometres south-west of Melbourne.

*Approx.

For Sale by Expressions of Interest, closing at 12pm (AEDT), Wednesday 13 March, 2024

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Rick Silberman
Rick Silberman
+61 *** *** *** show +61 432 831 511
Stephen Bolton
Stephen Bolton
+61 *** *** *** show +61 419 323 997

Download Development Site Report
Rick Silberman
Rick Silberman
+61 *** *** *** show +61 432 831 511
Stephen Bolton
Stephen Bolton
+61 *** *** *** show +61 419 323 997

3. Property Location

Kmart Colac, 145-167 Murray Street, Colac, VIC, 3250

Property Map
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Kmart Colac, 145-167 Murray Street, Colac, VIC, 3250 Colac
Savills Melbourne
Savills Melbourne
80, Collins Street, Melbourne, Victoria, Australia, 3000
View Agency Profile
Rick Silberman
Rick Silberman
+61 *** *** *** show +61 432 831 511
Stephen Bolton
Stephen Bolton
+61 *** *** *** show +61 419 323 997
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