Burgess Rawson from CBRE is pleased to offer to market Repco and Dulux, Portland VIC for sale via Portfolio Auction 181.

This investment has the following key highlights:

+ Long standing tenure with Repco on-site since the 1980’s and Dulux since circa 2015.
+ Recently renewed three (3) year lease to Repco through to 2029 plus further options.
+ Repco: wholly owned subsidiary of Genuine Parts Co (NYSE) 10,545 locations globally. (1)
+ Two (2) year lease to Dulux through to 2026 plus further options.
+ Dulux Group: Australia’s largest paint company, wholly owned Tokyo SE listed Nippon Paints. (2)
+ Investor preferred net lease terms with both tenants responsible for all usual outgoings as per the leases.
+ Well-kept 447sqm* total retail showroom comprising two (2) tenancies with important rear loading area.
+ Building originally constructed and purpose-built for Repco in the 1980’s.
+ High profile 1,959sqm* freehold landholding, over two titles.
+ Low 23%* site coverage, offering future value add/development upside (STCA).
+ Prime Percy Street location, Portland’s premier retail strip and thoroughfare.
+ Within 500m* of McDonald’s, KFC, Mitre 10, Reece Plumbing, Vinnies, Pets Domain, Tyrepower, Burson Autoparts and more.
+ Port of Portland is Victoria’s only natural deep-water port, supporting 45% of VIC’s dry bulk cargo. (3)
+ Portland: administrative hub of Glenelg Shire with annual GRP of $1.16B*, up a significant 5% since 2021. (4)
+ Potential 50% stamp duty saving.
+ Net Income: $43,513pa* + GST.

To be sold by Investment Portfolio Auction
10:30am (AEDT) Wednesday 10 December 2025
River Room – Crown Casino, Melbourne

*Approx
1. GPC Asia Pacific
2. Nippon Paints
3. Port of Portland
4 .id & Glenelg.vic.gov.au