13-15 Fitzroy Street, Kerang, Vic 3579

Kerang Reject Shop - Brand-new 6-year lease to ASX-listed tenant with $700k fit-out. Fully refurbished freehold site in prime retail strip. Net income ~$170,000 p.a., 3% annual increases. Auction 30 July. Offers prior invited.

Key Investment Features
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• Brand-new 6-year lease to ASX-listed The Reject Shop
• Tenant-funded $700,000 internal fit-out
• Net income: ~$170,000 p.a. as at 30 June 2025
• Fixed 3% annual rental increases
• Extensive 2025 building refurb incl. roof, A/C, electrical
• Double-brick, façade
• Freehold, flood-free 867sqm site (incl. laneway)
• Prime main street exposure in Kerang's retail hub
• Commercial 1 zoning - flexible future use
• Surrounded by national & local retailers with ample parking


Description
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An exceptional set-and-forget investment leased to The Reject Shop on a fresh 6-year term with a 5-year option.

This fully refurbished retail property features a new roof, plumbing, air-conditioning, electrical systems, flooring and more - while retaining its, double-brick exterior. The tenant has invested ~$700,000 into their fit-out, reflecting their long-term confidence in the location.

Positioned in the heart of Kerangs' retail strip, the property benefits from excellent exposure, on-street parking, and a strong regional catchment of over 10,000 people. TRS reports strong early trading performance since opening in March 2025.

With over $138,000 in depreciation deductions across the first 3 years and fixed 3% annual increases, this opportunity will suit yield-focused SMSF buyers, passive investors, and those seeking a nationally secured retail asset.

Offers prior to auction will be considered.

Please contact Stephen today for further information. 0413 550 474










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