New 5 Year Lease to Experienced Operators | High Yielding Investment
Burgess Rawson in conjunction with Colliers International (Ballarat) is pleased to offer to the market a rare island freehold opportunity in Ballarat VIC for sale via Investment Portfolio Auction 160.
+ New 5 year lease to June 2027 plus options through to 2047 to experienced operators.
+ Favourable CPI rent reviews annually.
+ Landlord favourable net lease with the lessee responsible for all usual outgoings as per the lease.
+ The tenant group includes experienced leaders within Victoria’s entertainment industry, with long term success on multiple leading metro Melbourne venues.
+ Central 728sqm* CBD freehold ‘island site’ with all round frontage and exposure of 108 metres*.
+ Classic refurbished late night venue incorporating a popular elfresco beer gardens.
+ Rock solid refurbished and extended 1,070 sqm three level building with capital intensive fit-out
+ Important 7 on-site car spaces.
+ Valuable liquor license to host 700 patrons.
+ Position-perfect next to Federation University (Camp Street) campus.
+ Strategic CBD position within Ballarat’s legal / financial precinct, while also close to and amongst national retailers including The Good Guys, Reece, JB Hi-Fi, Big W, Rebel, Bob Jane T-Mart etc.
+ Mair Street (Ballarat’s local vehicular thoroughfare) with 15,200+ vehicles passing daily.
+ Potential 50% stamp duty savings.
+ Ballarat: capital of Western Victoria & one of Australia’s fastest growing regional cities – projected 21.65.% population growth by 2036.
+ Rent: $294,000 pa* (As at July 2023, assuming 5% CPI).
To be sold via Investment Portfolio Auction
10:30am AEST Wednesday 10th May 2023
Crown Casino, Melbourne
Remember to mention you found this property on CommercialReady
