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Rivers, 3/118-128 Bromfield Street, COLAC, VIC, 3250

+11 Photos

+13 Photos

SOLD

Rivers, 3/118-128 Bromfield Street, COLAC, VIC, 3250

Properties / Sold / Victoria / Colac

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

489 m² (*approx)

Floor Area

489 m² (*approx)

Property Type

Retail, Other

Sub-type

Mixed Use

Show All

2. Property Highlights

Renewed Lease to ASX Listed Tenant - Brilliant Position Amongst Major Brands

Rivers: Wholly owned by Noni B Ltd
Renewed 5 year Lease + option
Bunnings & Aldi bookends

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.

Remember to mention you found this property on CommercialReady.com.au

Property Type

Retail, Other

Sub-type

Mixed Use

Land Area

489 m² (*approx)

Floor Area

489 m² (*approx)

Selling Method

Auction

Selling Details

Price on Request

2. Property Highlights

Renewed Lease to ASX Listed Tenant - Brilliant Position Amongst Major Brands

Rivers: Wholly owned by Noni B Ltd
Renewed 5 year Lease + option
Bunnings & Aldi bookends

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.

Remember to mention you found this property on CommercialReady.com.au

Tenanted Investment