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29 Cherry Flat Road Delacombe VIC 3356

  • Shop & Retail
  • 3,765 m²
  • Expressions of Interest

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 Australias 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, Australias 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

Ballarat Lifestyle Centre is for sale by Expressions of Interest (EOI) closing 2:00pm (AEDT) on Thursday, 3 December 2020. To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group and Colliers International.

STONEBRIDGE PROPERTY GROUP

Justin Dowers
0438 098 805

Kevin Tong
0422 848 818

Philip Gartland
0403 582 324

COLLIERS INTERNATIONAL

Mike Crittenden
0400 544 045

Tim McIntosh
0488 320 063

James Wilson
0402 079 304

EXPRESSION OF INTEREST

Closing date and time03/12/2020 14:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Property ID2016602800
Floor Area3,765 m²
Land Area1.17 ha
Parking175 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  9 Nov 2020
Map for 29 Cherry Flat Road Delacombe VIC 3356
Map for 29 Cherry Flat Road Delacombe VIC 335629 Cherry Flat Road Delacombe VIC 3356
Stonebridge Property Group VIC
Level 1/95 Coventry St Southbank VIC 3006

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