JB HI-FI, 24-26 Mair Street,
Ballarat Central, VIC 3350

Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land

Key property information

Land area

Floor area

Property extent

Tenure type

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Map of JB HI-FI, 24-26 Mair Street

Directions

Strategic Freestanding Retail Investment

Renewed 5 Year Lease to JB Hi-Fi
Guaranteed rental growth, 3% annually
Tenant pays all usual outgoings

Renewed 5 year lease to 2022 plus option to 2027
JB Hi-Fi: a growing retailer with 303 stores across Australia (including The Good Guys) – 2017 sales of $5.6 billion – up 42%
Guaranteed rental growth – Fixed 3% annual increases
Tenant pays all usual outgoings including single holding land tax
Major 2,718 sqm Commercial 1 zoned CBD site with important 3 street frontages totalling 210 metres and 39 at grade car spaces
Absolute prime retail location, amongst complementary retailers including: Woolworths, Coles, Dan Murphy’s, Big W, Rebel Sport, the famous Bridge Mall and over 1,500 car spaces
Well presented single level building with capital intensive retail fit-out to JB Hi-Fi’s layout and design
Ballarat: The capital of Western Victoria and one of Australia’s fastest growing regional centres with projected 19% population growth to 128,000 by 2026
Rent: $290,460 pa

Auction 11am AEST Wednesday 1 August 2018
River Room, Crown Casino, Melbourne

Ballarat Central, 3350 demographic data

The median household income for Ballarat Central is $1,454, 5% higher than Regional Victoria's household income of $1,386. Ballarat Central has a younger age profile compared to the rest of Regional Victoria (median age 41 vs 43). Property ownership data shows 43% of property owners in Ballarat Central have a mortgage.

5,378

Population

$1,454 per week

Median household income

41 years

Median age

Owners

Most residents

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Most households