CBRE, in conjunction with Colliers Ballarat, is pleased to offer to the market ‘Kathmandu’ Ballarat VIC for sale via National Investment Portfolio Auction 182.

The investment has the following key highlights:

+ Five (5) Year lease to January 2029 plus One (1) further Five (5) Year option to January 2034.
+ Kathmandu: Globally recognised outdoor clothing brand, operating since 1987 and wholly owned subsidiary of KMD brands. (1)
+ KMD Brands: Formerly Kathmandu Holdings, and ASX and NSX listed sporting company consisting of three major brands, Kathmandu, Rip Curl and Oboz, with a market capitalisation of $168 million. (1)
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all outgoings including single holding land tax as per the lease.
+ Annual CPI reviews.
+ Well-presented 597sqm* showroom building in line with Kathmandu’s latest corporate fit-out and design, including 60 panel rooftop solar system.
+ High profile 678sqm* corner freehold with 51m* of dual frontage to Greville Street North & Mair Street and extensive 550 car parks within 170m*.
+ Absolute CBD location with Coles, Woolworths, Big W, JB Hi-FI, The Good Guys, Dan Murphy, Jay Car, Rebel Sports, Dulux, Reece Plumbing, Auspost, Bridge Mall and more within 500m*.
+ Ballarat: Victoria’s third largest city and the capital of Western Victoria with population forecast to grow 29% to 164,365 by 2046. (3)
+ Surrounded by important social infrastructure, including 17 schools within 3km* servicing a combined 7,205 students. (2)
+ The City of Ballarat boasts a gross regional product of $7.80 billion, (4) with 10,133 businesses in the region supporting 63,084 local jobs. (4)
+ Potential 50% stamp duty savings.
+ Net Income: $168,097 pa* + GST

*Approx
1 KMD Brands
2 Gapmaps
3 Forecast.id
4 Economic.id