Retail for Sale

24-26 Mair Street Ballarat Central, VIC 3350

AuctionPlay Video
  • Building: 1,204m²
  • Land: 3,407m² (0.84 acres)

Auction details

  • Auction
    1August11:00am
    11:00am
    River Room, Crown Casino, Melbourne

Auction location: River Room, Crown Casino, Melbourne

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Retail for Sale in Ballarat Central

Strategic Freestanding Retail Investment

  • Building: 1,204m²
  • Land: 3,407m² (0.84 acres)

Renewed 5 year lease to 2022 plus option to 2027. JB Hi-Fi is a growing retailer with 303 stores across Australia (including The Good Guys) - 2017 sales of $5.6 billion. The lease provides for guaranteed rental growth with fixed 3% annual increases and the tenant pays all usual outgoings including single holding land tax. The site of 2,718 sqm is "Commercial 1" zoned with 3 street frontages containing 36 car spaces and is located in the Ballarat CBD. The property is located in a prime position amongst complementary retailers including Woolworths, Coles, Dan Murphy's, Big W, Rebel Sport, Office National, Good Guys and the famous Bridge Mall. The building is well maintained with capital intensive fit-out to JB Hi-Fi's layout and design. Current rent is $290,460pa.

Building:

1,204m²

Land:

3,407m² / 0.84 acres

Zone:

Commercial Zone 1

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