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Strategic Freestanding Retail Investment

24-26 Mair Street, BALLARAT CENTRAL VIC, 3350

Sold

Property Sold in 24-26 Mair Street, BALLARAT CENTRAL VIC, 3350

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11306571
Status:
Sold
Price:
Price on Request
Last Updated:
14/10/2018
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Property Type

Retail/Showrooms/Bulky Goods/Land/Development
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Land Area

2718 SQM
Icon size

Floor Area

1204 SQM
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Parking

N/A

Strategic Freestanding Retail Investment

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

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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