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 two separate buildings of approximately 223m2 each, both currently leased and returning $33,800pa + GST & Outgoings in total. The Latrobe Street shed has a retail space, warehouse offices and amenities. It has a 3 year lease from August 2016 and there is a further 3 year option. The tenant pays all outgoings and rent is increased annually by CPI. The second tenancy at the rear fronting Park Street is leased for warehouse purposes. It is subject to a 2 year lease from November 2016 at and there are 3 further 2 year options. The tenant pays all outgoings and the rent is increased annually by CPI. This is a great investment opportunity in this fast growing precinct on the doorstep of the Ballarat West Growth Corridor. Zoned “Mixed Use”.