13-15 Fitzroy Street, Kerang, Vic 3579

The Reject Shop (TRS) @ Fitzroy Street Kerang is a single level, freehold investment on a fresh lease to ASX listed tenant, The Reject Shop. 

The lease commenced Friday the 14th of March and runs for a period of 6 years and has a 5-year option to extend. TRS report fantastic trading since opening earlier this year.

History
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The property's previous iteration was as an indoor bowling alley. 

The solid and well insulated double brick (thickness) exterior of the building was retained, being built to last several generations.

 The balance of the property (everything else) has been refurbished or replaced with new roof/plumbing/electrical/air-conditioning, doors & flooring. 

The property provides substantial tax depreciations.

Key Lease Details
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• Net Income: $170,000 approx. (30th June 2025)
• Lease commencement: 14th March 2025
• Lease term: 6 year initial term with 1 x 5 year option
• Annual Increases: 3% per annum

Key Property Features
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• Recent building upgrades including new roof, A/C, flooring, and electricals
• Prime main street frontage in Kerangs' busy retail precinct
• Flood-free, freehold site with Commercial 1 zoning and strong regional catchment


Contact Stephen Kidd today for further information - 0413 550 474