‘The Bluestone’ Established Ballarat CBD Late Night Venue

101-103 Mair Street, Ballarat VIC

Property Highlights

Proven Location Next to Federation Uni
Classic Three Level Building Est 1869
Recent Refurbishment plus Extension

Description

+ 5 year lease plus options through to 2044 to experienced hospitality group
+ Central 728 sqm CBD ‘island site’ with all round frontage exposure of 108 metres
+ Classic refurbished three level late night venue
+ Annual rent reviews
+ Refurbished and extended 1,070 sqm building with capital intensive fitout
+ Lessee pays outgoings as per the lease
+ 7 on-site car spaces
+ Positioned next to Federation University (Camp Street) campus
+ Central CBD location amongst national retailers including Reece, The Good Guys, UltraTune, etc
+ Ballarat: capital of Western Victoria & one of Australia’s fastest growing regional cities – projected 19% population growth by 2026
+ Income: $320,000 pa approx. (July 2020, assume 2% CPI)

For Sale by Private Treaty

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Hotel/Bar
Land Size
728 SQM
Building Area
1,070 SQM

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