• A wonderful opportunity to acquire a quality property with a secure long-term lease to Global industrial company. • Industrial zoned site of 2834m² with two warehouses totalling 828m² • Five-year lease to BASF Australia Ltd extends to 2028, with two further three-year terms. Current income of $68,720 p. annum + GST with annual 2.5% increases applicable. • Tenant pays all usual outgoings. • BASF Australia Ltd are part of a global business with net worth of €35.85. • 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. • Regional stamp duty concession of 50% may be applicable (subject to approval).
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