Ballarat Lifestyle Centre, 29 Cherry Flat Road,
Delacombe, VIC 3356
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Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
Ballarat Lifestyle Centre, 29 Cherry Flat Road
Delacombe, VIC 3356
Map of Ballarat Lifestyle Centre, 29 Cherry Flat Road
Brand New Fully Leased Large Format Retail Centre - 5.5 Year WALE
- Secured by 5 national tenants
- Substantial WALE of 5.5 years
- Net income of $740,500 per annum*
Stonebridge Property Group and Colliers International are delighted to present for sale Ballarat Lifestyle Centre, a brand new Large Format Retail Centre strategically located in Australia’s fastest growing inland city, secured by five national/chain tenants on net leases.
+ 100% of income secured by national/chain tenants on new net leases
+ Brand new Large Format Retail (LFR) centre offering significant depreciation benefits
+ Strategic 1.17ha* landholding with exposure to Glenelg Highway
+ 5.5km* south-west of Ballarat CBD, Australia’s fastest growing inland city
+ 79% of gross income and GLA are subject to 3% fixed annual reviews
+ Adjoining Bunnings Warehouse and Delacombe Town Centre anchored by Woolworths and Kmart
+ Located within the Ballarat West Growth Area, forecast to grow by an average 6.5% per annum (2020 to 2036)
+ Bolstered by 4.8% average annual LFR spending growth (2021 to 2030)
Sources: https://forecast.id.com.au/ballarat/about-forecast-areas?WebID=500&Year2=2015
Deep End Services LFR Market Review, October 2020
https://www.thecourier.com.au/story/6394515/there-are-3000-more-women-in-ballarat-than-men-new-stats-reveal/#:~:text=%22Growth%20is%20the%20theme%20of,biggest% 20of%20any%20inland%20city
*approx
Expressions of Interest Closed – Multiple Offers Received
+ 100% of income secured by national/chain tenants on new net leases
+ Brand new Large Format Retail (LFR) centre offering significant depreciation benefits
+ Strategic 1.17ha* landholding with exposure to Glenelg Highway
+ 5.5km* south-west of Ballarat CBD, Australia’s fastest growing inland city
+ 79% of gross income and GLA are subject to 3% fixed annual reviews
+ Adjoining Bunnings Warehouse and Delacombe Town Centre anchored by Woolworths and Kmart
+ Located within the Ballarat West Growth Area, forecast to grow by an average 6.5% per annum (2020 to 2036)
+ Bolstered by 4.8% average annual LFR spending growth (2021 to 2030)
Sources: https://forecast.id.com.au/ballarat/about-forecast-areas?WebID=500&Year2=2015
Deep End Services LFR Market Review, October 2020
https://www.thecourier.com.au/story/6394515/there-are-3000-more-women-in-ballarat-than-men-new-stats-reveal/#:~:text=%22Growth%20is%20the%20theme%20of,biggest% 20of%20any%20inland%20city
*approx
Expressions of Interest Closed – Multiple Offers Received
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Property ID: 503693482Last Updated: 24 Feb 2021
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
Colliers - MelbourneLevel 30, 367 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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