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35-37 Sturt Street
Ballarat Central VIC 3350
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Sold on 7 Feb 2023

35-37 Sturt Street Ballarat Central VIC 3350

  • Shop & Retail
  • 1,250 m²
  • Sold, $2,200,000

High Profile CBD Investment - National Tenant Grill'd

    - Total rent of $141,000* + GST
    - Ground Floor leased to anchor tenant Grill'd until April 2025 with further options to 2031
    - First floor and second floor leased to On Track Fitness until June 2024 with further option to 2034
    - Strong and certain rental growth with annual, compounding CPI rent reviews
    - Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings excluding Land Tax.
    - Tenants pay outgoings, as per the lease
    - High level of internal fit out - mostly paid by tenant
    City of Ballarat: One of Victoria's largest inland cities
    - CBD location amongst other successful businesses
    - Potential 50% stamp duty savings

    ^Lift is not in operation
    *Approximately

    Property Highlights

    Date Sold7 Feb 2023
    Sold Price$2,200,000
    Floor Area1,250 m²
    Land Area416 m²
    ParkingAsk Agent
    Property ID2018163486
    Category
    Last updated  7 Feb 2023
    Map for 35-37 Sturt Street Ballarat Central VIC 3350

    Property Highlights

    Date Sold7 Feb 2023
    Sold Price$2,200,000
    Floor Area1,250 m²
    Land Area416 m²
    ParkingAsk Agent
    Property ID2018163486
    Category
    Last updated  7 Feb 2023
    22 Peel Street North Ballarat VIC 3350

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