Secure 5 Year Lease to Long Term Tenant- Fixed 4% Annual Rent Increases

5-7/107 Bridge Mall, Ballarat Central VIC

Property Highlights

5 year lease to 2022 + options to 2027

Fixed 4% annual rent increases

Tenant pays all usual outgoings

Description

5 year lease to 2022 plus option to 2027
Fixed 4% annual rent increases assuring rental growth
Tenant pays all usual outgoings as per lease
Crazy Asian Restaurant: Popular long running restaurant with loyal local customer base
Prominent part two story building with dual access
Located within Ballarat’s key food retail precinct, recently approved $15 million in upgrade works
Ballarat: The capital of Western Victoria & one of Australia’s fastest growing regional centres with projected 19% population growth by 2026
Net Income: $46,335 pa + GST

Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Gross Building Area
350 SQM

Contact Agents

Jamie Perlinger

0413 860 315

Beau Coulter

0413 839 898

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