Retail for Sale

1 and 2/1103 Howitt Street Wendouree, VIC 3355

$1,475,000 + GST If Applicable
  • Building: 813.26m²
  • Land: 949m² (0.23 acres)

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Retail for Sale in Wendouree

Dual Property Investor Opportunity!

  • Building: 813.26m²
  • Land: 949m² (0.23 acres)

Here is a great opportunity for the astute investor or creative entrepreneur to purchase these dual commercial premises in the rapidly developing medical/retail precinct just five minutes from the CBD of Ballarat.
• Total land area of 949m2 (approximately)
• 2 separately titled properties
• Good lighting and front of shop exposure
• Positioned perfectly on busy Howitt Street
• Strategically located within a mix of quality medical and retail businesses
• Front of premises parking for 14 cars + street parking

SHOP 2:

  • Building area 314m2 and land area 359m2 (approximately)
  • 5 year lease commencing 1st June 2015 with a further 5 year option
  • Current rent $50,415pa + GST & Outgoings
  • Annual CPI increases, market review date 01/06/2020
  • Leased to well respected local retail business
  • Shop comprises retail area and staff amenities
  • Central heating/ Air conditioning throughout

SHOP 1:

  • Building area 498.87m2 and land area 590m2 (approximately)
  • Central heating/air conditioning throughout
  • Well suited and easily adapted for a number of uses including professional services, medical or retail (STCA)
  • Comprises large open adaptable space, offices, staff amenities
  • Estimated net rental return of $65,000 per annum
Building:

813.26m²

Land:

949m² / 0.23 acres

Categories:

Retail, Offices, Medical/Consulting

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