National Retailer on new lease with 3% increases

Long established sitting tenant (10+ years) and now on renewed 3 + 3 year lease from 1 February 2018 to 31 January 2024.
Certainty of fixed 3% rent increases.
Tenant pays usual outgoings and GST as per lease.
Heart of Ballarat, neighbouring Coles, Woolworths, Dan Murphy’s, Reject Shop, Best & Less plus banks and specialty retailers.
Substantial premises of 285 sqm Commercial 1 site of 298 sqm with wide north facing frontage plus a second frontage to Little Bridge Street.
Opposite major public car park.
Ballarat: A major regional city, 110km from Melbourne with a growing population of 103,407 (June 2016).
Rent: $50,000 pa.

Auction 12 noon AEDT Wednesday 28 February 2018
River Room, Crown Casino, Melbourne