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Sold on 25 Jun 2021

5 Doveton Street North Ballarat Central VIC 3350

  • Shop & Retail
  • 225 m²
  • Sold, $812,500

Invest In Ballarat's Exciting Growth

    This substantial refurbished retail investment property of approx 225m2 is located in a high traffic flow block just north of Sturt Street close to the recently opened GovHub which has revitalised the northern precinct of the Ballarat CBD. The property comprises a brick retail/office premises set on a site of 332m2 and includes 7 separately titled car spaces at the rear. The property incorporates an open retail space at the front and several partitioned offices, kitchen/staff room, meeting room, store room at the rear and direct access to the rear paved car park. The retail space plus one carpark is held under a 5 year lease from 1st August 2018 with 2 further 5 year options. Current rent is $ 32,895.67 pa + GST and a share of outgoings other than Owners Corp Fees. The remaining 6 car spaces are individually leased at $1,560 pa + GST each. There is also an opportunity to separately lease the rear office space to increase income or convert to apartment (STCA). Current gross return is approximately $42,255.67 pa with scope to increase. Situated in the heart of the Ballarat CBD the property represents a fantastic investment offering in this low interest rate environment.

    AUCTION

    Auction date and time25/06/2021 12:30
    Auction location5 Doveton Street North, Ballarat Central VIC
    Sam Borner
    Ray White Ballarat
    Sam Borner
    Ray White Ballarat
    Trevor Booth
    Ray White Ballarat
    Trevor Booth
    Ray White Ballarat

    Property Highlights

    Property ID2017032823
    Date Sold25 Jun 2021
    Sold Price$812,500
    Floor Area225 m²
    Land Area332 m²
    Energy0-star NABERS Energy rating
    Parking7 x Onsite parkings
    Category
    Last updated  29 Jun 2021
    Map for 5 Doveton Street North Ballarat Central VIC 3350
    Map for 5 Doveton Street North Ballarat Central VIC 33505 Doveton Street North Ballarat Central VIC 3350
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    • Purchase price

      $
      812,500

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Sam Borner
    Ray White Ballarat
    Sam Borner
    Ray White Ballarat
    Trevor Booth
    Ray White Ballarat
    Trevor Booth
    Ray White Ballarat

    Property Highlights

    Property ID2017032823
    Date Sold25 Jun 2021
    Sold Price$812,500
    Floor Area225 m²
    Land Area332 m²
    Energy0-star NABERS Energy rating
    Parking7 x Onsite parkings
    Category
    Last updated  29 Jun 2021
    Ray White Ballarat
    37 Lydiard Street South Ballarat VIC 3350
    Sam Borner
    Ray White Ballarat
    Sam Borner
    Ray White Ballarat
    Trevor Booth
    Ray White Ballarat
    Trevor Booth
    Ray White Ballarat

    Ask Sam Borner about this property

    Sam Borner

    Sam Borner

    Ray White Ballarat

    Trevor Booth

    Trevor Booth

    Ray White Ballarat

    0439 *** ***
    0439 655 509

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