High Profile CBD Freehold Investment | Booming Residential Growth Location

Description

Secure 2.32-year WALE plus options to 2027 and 2031.
Bank Australia: Australia’s first customer-owned bank, with $8.5 billion in total assets and generating $40.7 million in net profit annually.**
Melbourne City Institute of Education: leader in providing outcomes-focused quality vocational education programs for both international and domestic students.***
Strong and certain rental growth with annual, compounding CPI rent reviews.
Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings excluding Land Tax.
Outstanding 620 sqm* 2 level building in Ballarat CBD with prized Commercial 1 Zoning (C1Z).
Exposure to Sturt Street and Midland Highway, two major arterial roads servicing over 21,000 vehicles daily.****
Neighbouring the Central Square Shopping Centre, anchored by Myer and Target, complemented by over 40 specialty stores.
Coles, Woolworths, ALDI, Big W, Bunnings, Officeworks, Rebel, JB Hi-Fi, Dan Murphy’s, Harris Scarfe, McDonald’s, Hungry Jack’s and KFC all within 1.5km.*
Surrounded by important social infrastructure, including 14 schools within 3km servicing over 7,000 full time students.****
City of Ballarat: One of Victoria’s largest inland cities, the City of Ballarat generates $16.1 billion in annual economic output with an estimated 48,443 jobs in the area.*****
The value of building approvals in the City of Ballarat has grown 48% to $812 million between FY2020 to FY2022.*****
Ballarat: By 2036, population forecast to grow 24% to over 144,000.******
Geographical significance of the area evident through ongoing government funded development projects; to be completed by 2027, the $546 million. Ballarat Base Hospital Redevelopment will allow the facility to treat an additional 32,500+ patients each year *******
Potential 50% stamp duty savings.
Net Income: $156,883 pa + GST.*

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 14 September 2022
Crown Casino – River Room

*Approximately
** Bank Australia
*** MCIE
**** Gapmaps
*****Remplan
****** Forecast.id
****** VIC Gov

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Jamie Perlinger Head of Agency | Partner
0413 860 315
Rick Jacobson Sales Executive
0413 830 083
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Ballarat Central, VIC

327 Sturt Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 155

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