1101B Latrobe Street,
Delacombe, VIC 3356

Comprising one title with 2 tenancies, this property is perfectly positioned in one of Ballarat’s most rapidly developing precincts, providing massive exposure to a high volume of passing traffic.

The property comprises one large building of approximately 290m2 which is currently leased in 2 parts. The larger shop includes a retail space, warehouse and amenities plus rear access via a roller door to the rear yard accessed from Stonepark Road. It has a new 2 year lease from March 2017 at $25,000pa and there are 2 further 3 year options. The tenant pays all outgoings and rent is increased annually by CPI. The second tenancy is carpeted, gas heated and is leased for retail purposes. It also includes a separate office and staff amenities. The shop is subject to a new 3 year lease from February 2017 at $13,000pa and there are 2 further 3 year options. The tenant pays all outgoings and the rent is increased annually by CPI. At a gross return of $38,000pa this is an appealing investment opportunity.