Stonebridge National Investment Sales is pleased to present JB Hi-Fi Ballarat for sale via National Portfolio Expressions of Interest closing Wednesday 1st November 2023 at 3pm.
The key highlights of the opportunity include:
- Highly strategic CBD landholding adjoining Big W, Dan Murphy's, Kathmandu and The Good Guys, all serviced by over 1,500 car parks
- 2,744 sqm* Commercial 1 Zoned site which includes 36 car parks on-title and 210 metres* of valuable street frontage
- Fully leased to JB Hi-Fi, an ASX listed powerhouse tenant that generated total revenue of $9.24bn in 2022^
- JB Hi-Fi currently has over 13,000 employees and 300 stores globally, making it one of the largest electrical retailers in the world
- High quality building after undergoing major $3million+ upgrade and extension in 2022
- Recently renewed 6 year net lease with market review in 2028, followed by 1 further term of 5 years
- One of JB Hi-Fi's best performing regional stores in the country, evidenced by the 20+ year trading history
- Ideally positioned to capitalise on the major population growth in the region which has seen significant public and private investment in Ballarat generally and this precinct specifically
- All usual outgoings including land tax paid by tenant
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Rorey James
0439 400 081
Kevin Tong
0422 848 818
*Approximately
^Source: IbisWorld
Property Code: 762
