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Burgess Rawson from CBRE is pleased to offer VicRoads, Wendouree at 86-88 Learmonth Road, Wendouree (Ballarat) to be sold via Expressions of Interest.
This property has the following key investment highlights:
+ Brand New Five (5) Year lease to 2030.
+ Significant 8,485sqm* freehold site with attractive Public Use Zoning and high exposure street frontage to Learmonth Road.
+ Prime 83m* street frontage to busy Learmonth Road with 20,000+ vehicles passing daily.**
+ Anchored by a proven government tenant, this asset features VicRoads as the sole tenant with an outstanding 20+ years on site.
+ VicRoads: 40-year joint venture with the Victorian Government and a consortium of some of the country’s largest organisations, including Aware Super, Australian Retirement Trust and Macquarie Asset Management, with the consortium operating the day-to-day registration, licensing, and custom plates services.
+ Recently refurbishment to latest Vicroads corporate layout.
+ Core infrastructure catchment under 1km from Wendouree Train Station, Stockland Wendouree Shopping Centre (4.98M MAT)***, Ballarat Grammar (1,537 students)** and future $150 million Ballarat Major Events Precinct (formerly Ballarat Showgrounds).
+ Ballarat: capital of Western Victoria with a population forecast to surge 31% to 164,365 by 2046.****
+ Total tourism spend in Ballarat is up 111% since 2019 with the city's annual visitors spending a record $663 million recently.*****
+ Potential 50% stamp duty savings.
+ Estimated Net Income: $628,00 per annum.
For Sale via Expressions of Interest
Closing Wednesday 29 October 2025 at 3pm AEDT
* Approx
** GapMaps
*** Stockland
**** Forecast.id
***** City of Ballarat
Remember to mention you found this property on CommercialReady
Burgess Rawson from CBRE is pleased to offer VicRoads, Wendouree at 86-88 Learmonth Road, Wendouree (Ballarat) to be sold via Expressions of Interest.
This property has the following key investment highlights:
+ Brand New Five (5) Year lease to 2030.
+ Significant 8,485sqm* freehold site with attractive Public Use Zoning and high exposure street frontage to Learmonth Road.
+ Prime 83m* street frontage to busy Learmonth Road with 20,000+ vehicles passing daily.**
+ Anchored by a proven government tenant, this asset features VicRoads as the sole tenant with an outstanding 20+ years on site.
+ VicRoads: 40-year joint venture with the Victorian Government and a consortium of some of the country’s largest organisations, including Aware Super, Australian Retirement Trust and Macquarie Asset Management, with the consortium operating the day-to-day registration, licensing, and custom plates services.
+ Recently refurbishment to latest Vicroads corporate layout.
+ Core infrastructure catchment under 1km from Wendouree Train Station, Stockland Wendouree Shopping Centre (4.98M MAT)***, Ballarat Grammar (1,537 students)** and future $150 million Ballarat Major Events Precinct (formerly Ballarat Showgrounds).
+ Ballarat: capital of Western Victoria with a population forecast to surge 31% to 164,365 by 2046.****
+ Total tourism spend in Ballarat is up 111% since 2019 with the city's annual visitors spending a record $663 million recently.*****
+ Potential 50% stamp duty savings.
+ Estimated Net Income: $628,00 per annum.
For Sale via Expressions of Interest
Closing Wednesday 29 October 2025 at 3pm AEDT
* Approx
** GapMaps
*** Stockland
**** Forecast.id
***** City of Ballarat
Remember to mention you found this property on CommercialReady
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