76-80 Learmonth Road,
Wendouree, VIC 3355
Shops & Retail • Showrooms & Large Format Retail
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Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
76-80 Learmonth Road
Wendouree, VIC 3355
Map of 76-80 Learmonth Road
LAND RICH INVESTMENT TO A NATIONALLY RECOGNISED FURNITURE GIANT
- Leased to a proven large format retailer
- Enormous 16,650 sqm* landholding
- Long established store on 15-year lease
Gross Waddell ICR and Mindacom Real Estate are pleased to present for sale a phenomenal land rich investment at 76-80 Learmonth Road, Ballarat (Wendouree). Securely leased to a proven homemaker retailer, the property is perfectly positioned within a bustling retail precinct alongside the sub-regional Wendouree Shopping Centre and an array of national retailers.
• Leased to a nationally recognised furniture giant ‘Amart Furniture’ which has over 65+ stores nationally and growing
• Substantial 15-year & 6 month lease commencing 9th of March 2012 with no further options
• Significant income profile offering $669,910.63 per annum* (gross) plus a turnover provision
• Enormous 16,650 sqm* landholding with frontage to the ever-popular Learmonth Road and Gillies Street
• Vast 5,645 sqm* retail/showroom with 173* on-site customer carparks
• Proven retail position adjoining HomeCo supercentre, Wendouree Shopping Centre & Eureka Homemaker Centre.
• Single tenant minimum management investment
• Future value-add opportunity with potential rental reversion, ability to split into smaller showrooms or develop the land for greater site coverage (STCA)
• Ballarat is a major regional city with a forecast population growth of 25.69% by 2036 (source forecast.id)
The property is for sale via Expressions of Interest closing at 3 pm on Wednesday 28th of June 2023. For further information or to inspect the property, please contact Gross Waddell ICR or Mindacom directly.
• Leased to a nationally recognised furniture giant ‘Amart Furniture’ which has over 65+ stores nationally and growing
• Substantial 15-year & 6 month lease commencing 9th of March 2012 with no further options
• Significant income profile offering $669,910.63 per annum* (gross) plus a turnover provision
• Enormous 16,650 sqm* landholding with frontage to the ever-popular Learmonth Road and Gillies Street
• Vast 5,645 sqm* retail/showroom with 173* on-site customer carparks
• Proven retail position adjoining HomeCo supercentre, Wendouree Shopping Centre & Eureka Homemaker Centre.
• Single tenant minimum management investment
• Future value-add opportunity with potential rental reversion, ability to split into smaller showrooms or develop the land for greater site coverage (STCA)
• Ballarat is a major regional city with a forecast population growth of 25.69% by 2036 (source forecast.id)
The property is for sale via Expressions of Interest closing at 3 pm on Wednesday 28th of June 2023. For further information or to inspect the property, please contact Gross Waddell ICR or Mindacom directly.
Wendouree, 3355 demographic data
The median household income for Wendouree is $990, 29% lower than Regional Victoria's household income of $1,386. Wendouree has a younger age profile compared to the rest of Regional Victoria (median age 42 vs 43). Property ownership data shows 37% of property owners in Wendouree have a mortgage.
10,376
Population
$990 per week
Median household income
42 years
Median age
Owners
Most residents
Families
Most households
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Mindacom Real EstateP.O. Box 63
GARFIELD, VIC 3814
GARFIELD, VIC 3814
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