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Colliers - Melbourne

Ballarat Lifestyle Centre, 29 Cherry Flat Road Delacombe, VIC 3356

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Ballarat Lifestyle Centre, 29 Cherry Flat Road,
Delacombe, VIC 3356

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Colliers - Melbourne
Tim McIntosh

Colliers - Melbourne

Level 30, 367 Collins Street
MELBOURNE, VIC 3000
Colliers - Melbourne
Ballarat Lifestyle Centre, 29 Cherry Flat Road
Delacombe, VIC 3356

Map of Ballarat Lifestyle Centre, 29 Cherry Flat Road

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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

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Property ID: 503693482Last Updated: 24 Feb 2021

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