COLAC
51-58 Corangamite Street
Land Area
990 sqm*
Tenancy
Sinclair Wilson
Zoning
Commercial
Income
$89,124.76 p.a*
FOR SALE BY AUCTION TUESDAY 12TH NOVEMBER FROM 10AM
Financial services sector investment
A wonderful opportunity to acquire a first-class office building with a secure long-term lease to leading south west business advisory and accountancy practice.
- Well-appointed brick building of 380 sqm* with a broad street frontage. Building was refurbished in 2018
- Ten-year lease to Sinclair Wilson extends to 2028, with three further five-year terms to follow. Current income of $89,124 p. annum + GST with annual CPI increases applicable
- Tenant pays all usual outgoings situated on a huge 990 sqm* with additional (Bromfield) street frontage that offers further development potential
Convenient staff and customer carparking for 18 vehicles
Sinclair Wilson are in the top 50 largest accounting and advisory practices in Australia and have a long history in south west Victoria, their long tenure on this site provides an opportunity for an astute investor to acquire a gold class investment
Colac is a growing and thriving regional city with a diverse economy that includes agriculture, manufacturing and heath care, and is a service hub for much of the South west
