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Ballarat Commercial Investment With Multiple Tenancies!

1-3/88 Mair Street, BALLARAT CENTRAL VIC, 3350

For Sale

Property for Sale in 1-3/88 Mair Street, BALLARAT CENTRAL VIC, 3350

Listing ID:
11208312
Status:
Active
For:
Sale
Price:
$1,800,000 - $1,950,000
Last Updated:
18/09/2019
Icon building

Property Type

Offices
Icon square

Land Area

502 SQM
Icon size

Floor Area

614 SQM
Icon parking

Parking

8

Ballarat Commercial Investment With Multiple Tenancies!

This well positioned office complex with high exposure to a major Ballarat CBD road offers a great opportunity for investors with 3 professional office tenancies each on 3 year leases. The appealing 2 storey corner office building provides great flexibility comprising 3 separate titles and on-site car parking. The building is air-conditioned and carpeted and provides a variety of office layouts plus excellent amenities. The ground floor is subject to a new 3 + 3 year lease from 11/06/2018, current rent is $50,618pa + GST and Outgoings. The first floor comprises 2 tenancies, tenancy 2 is leased to QBE until November 2020 at $33,625pa + GST and outgoings and tenancy 3 is leased at a current rent of $25,309pa + GST and Outgoings for 3 years from 1/06/2018 plus a 3 year option. In such a busy and prominent location this is a terrific investment for your property portfolio in a strong regional city offering a yield in the 5.5% to 6% range.

For more details, please email agent


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Ray White Ballarat

37 Lydiard Street South, Ballarat, VIC 3350


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