Strategic Freestanding Retail Investment

24-26 mair street, ballarat central vic

Price: $4,500,000

  • Renewed 5 Year Lease to JB Hi-Fi
  • Guaranteed rental growth, 3% annually
  • Tenant pays all usual outgoings

Property Details

Renewed 5 year lease to 2022 plus option to 2027
JB Hi-Fi: a growing retailer with 303 stores across Australia (including The Good Guys) – 2017 sales of $5.6 billion – up 42%
Guaranteed rental growth – Fixed 3% annual increases
Tenant pays all usual outgoings including single holding land tax
Major 2,718 sqm Commercial 1 zoned CBD site with important 3 street frontages totalling 210 metres and 39 at grade car spaces
Absolute prime retail location, amongst complementary retailers including: Woolworths, Coles, Dan Murphy’s, Big W, Rebel Sport, the famous Bridge Mall and over 1,500 car spaces
Well presented single level building with capital intensive retail fit-out to JB Hi-Fi’s layout and design
Ballarat: The capital of Western Victoria and one of Australia’s fastest growing regional centres with projected 19% population growth to 128,000 by 2026
Rent: $290,460 pa

Auction 11am AEST Wednesday 1 August 2018
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 1204 sqm
Land Size 2,718 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002313

Thank you for showing interest in us.

Contact Details

Office Details

Level 10, 225 St Georges Terrace Perth WA 6000

T 08 9288 0288 E

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