13-15 Fitzroy Street, Kerang, VIC 3579 sold on 18 August 2025 | OnTheHouse
 
SOLD
Sold on 18 Aug 2025 for $2,200,000

13-15 Fitzroy Street
Kerang VIC 3579

Bedrooms: -
Bathrooms: -
Car spaces: 12
Land area: 867m2
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Property Details for 13-15 Fitzroy St, Kerang

Building Type
Commercial
Land Size
867m2
Local Government
Gannawarra
Lot/Plan
1/TP132693

Last Listing description (November 2025)

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

Key Investment Features
________________________________________

Brand-new 6-year lease to ASX-listed The Reject Shop
Tenant-funded $700,000 internal fit-out
Fixed 3% annual rental increases
Extensive 2025 building refurb incl. roof, A/C, electrical
Double-brick, faade
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
________________________________________
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

Key Search Terms:
Regional VIC Commercial Property
Kerang Retail Investment
Passive Commercial Investment
ASX-Leased Property
Single Tenant Freehold Investment
Gannawarra Shire Retail
Discount Retail Asset VIC
High Yield Commercial Property
Set and Forget Investment
Commercial Auction Victoria
Freehold Retail Shop VIC
Commercial Property with New Lease
Long-Term Lease Retail Asset
Commercial 1 Zoning
Low Maintenance Investment VIC
Fully Refurbished Commercial Property
Investment Property with Depreciation
Secure Retail Lease Investment
Reject Shop Property for Sale
National Tenant Commercial Property

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Property History for 13-15 Fitzroy St, Kerang, VIC 3579

A timeline of how this property has performed in the market
Last Sold
$2,200,000
18 Aug 2025
  • 18 Aug 2025
    Sold for $2,200,000
  • 09 Jun 2025
    Listed for Sale $2.3 million - Ono
  • 11 Jun 2024
    Listed for Sale $350,000
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About Kerang 3579

The size of Kerang is approximately 146.6 square kilometres. It has 8 parks covering nearly 0.9% of total area. The population of Kerang in 2016 was 3893 people. By 2021 the population was 3960 showing a population growth of 1.7% in the area during that time. The predominant age group in Kerang is 60-69 years. Households in Kerang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kerang work in a professional occupation.In 2021, 71.90% of the homes in Kerang were owner-occupied compared with 71.30% in 2016.

Kerang has 2,557 properties. Over the last 5 years, Houses in Kerang have seen a 72.02% increase in median value, while Units have seen a 66.10% increase. As at 30 November 2025:

  • The median value for Houses in Kerang is $314,448 while the median value for Units is $318,994.
  • Houses have a median rent of $320 while Units have a median rent of $240.
There are currently 60 properties listed for sale, and 5 properties listed for rent in Kerang on OnTheHouse. According to Cotality's data, 88 properties were sold in the past 12 months in Kerang.

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Elliot Kidd
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Stephen Kidd
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