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327 Sturt Street
Ballarat Central VIC 3350
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Sold on 20 Oct 2022

327 Sturt Street Ballarat Central VIC 3350

  • Shop & Retail
  • 620 m²
  • Sold, $2,150,000

High Profile CBD Freehold Investment | Booming Residential Growth Location

    Secure 2.32-year WALE plus options to 2027 and 2031.
    Bank Australia: Australia's first customer-owned bank, with $8.5 billion in total assets and generating $40.7 million in net profit annually.**
    Melbourne City Institute of Education: leader in providing outcomes-focused quality vocational education programs for both international and domestic students.***
    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.
    Outstanding 620 sqm* 2 level building in Ballarat CBD with prized Commercial 1 Zoning (C1Z).
    Exposure to Sturt Street and Midland Highway, two major arterial roads servicing over 21,000 vehicles daily.****
    Neighbouring the Central Square Shopping Centre, anchored by Myer and Target, complemented by over 40 specialty stores.
    Coles, Woolworths, ALDI, Big W, Bunnings, Officeworks, Rebel, JB Hi-Fi, Dan Murphy's, Harris Scarfe, McDonald's, Hungry Jack's and KFC all within 1.5km.*
    Surrounded by important social infrastructure, including 14 schools within 3km servicing over 7,000 full time students.****
    City of Ballarat: One of Victoria's largest inland cities, the City of Ballarat generates $16.1 billion in annual economic output with an estimated 48,443 jobs in the area.*****
    The value of building approvals in the City of Ballarat has grown 48% to $812 million between FY2020 to FY2022.*****
    Ballarat: By 2036, population forecast to grow 24% to over 144,000.******
    Geographical significance of the area evident through ongoing government funded development projects; to be completed by 2027, the $546 million. Ballarat Base Hospital Redevelopment will allow the facility to treat an additional 32,500+ patients each year *******
    Potential 50% stamp duty savings.
    Net Income: $156,883 pa + GST.*

    For Sale by Investment Portfolio Auction
    10:30am (AEST) Wednesday 14 September 2022
    Crown Casino - River Room

    *Approximately
    ** Bank Australia
    *** MCIE
    **** Gapmaps
    *****Remplan
    ****** Forecast.id
    ****** VIC Gov

    AUCTION

    Auction date and time14/09/2022 10:30
    Auction locationCrown Casino - River Room - Melbourne

    Property Highlights

    Date Sold20 Oct 2022
    Sold Price$2,150,000
    Floor Area620 m²
    Land Area333 m²
    ParkingAsk Agent
    Property ID2017999135
    Category
    Last updated  2 Nov 2022
    Map for 327 Sturt Street Ballarat Central VIC 3350

    Property Highlights

    Date Sold20 Oct 2022
    Sold Price$2,150,000
    Floor Area620 m²
    Land Area333 m²
    ParkingAsk Agent
    Property ID2017999135
    Category
    Last updated  2 Nov 2022

    Co-Agents

    Jamie Perlinger
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 315
    Rick Jacobson
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 083
    Sam Borner
    Ray White Ballarat
    Call
    0439 655 509

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