Sold
Offices

17 Lydiard Street North Ballarat Central, VIC 3350

Sold for $4,500,000 on 22 Sep 2017
  • Building: 1,612m²
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Offices in Ballarat Central

Unique Ballarat CBD Commercial Investment Offering Above 6.5% Net Return

  • Building: 1,612m²

This outstanding Ballarat CBD multi-tenanted commercial investment is fully leased to a range of government agencies and private companies with scope for the astute investor to capitalise and add value with development of the air space above the rear car park (STCA).A net return on investment of above 6.5% is now on offer.

Comprising 8 tenancies with 22 car spaces on site and set on approximately 1,021m2 of land in historic Lydiard Street North in the heart of Ballarat's vibrant CBD. The property is within walking distance to the city's best restaurants, cafes, bars and retail shopping precincts and the train station precinct. The tenant mix amongst others includes the Victorian Parliament, Department of Justice, Midstate Credit Collect, Cooke & Foley Pty Ltd and Taylor Stratmann Lawyers on a range of lease terms and options with several of the tenants having a long occupancy history. 4 - Star Nabers Energy Rating.

This excellent investment offering in Ballarat, which is a thriving regional city with strong growth projected over the next 20 - 25 years is already one of Australia's largest regional cities and its role as a major centre serving the region continues to strengthen. A recent State Government announcement creating 600 jobs in a Ballarat CBD government hub will further strengthen the Ballarat commercial market.

  • Outstanding multi-tenanted investment
  • Net return above 6.5%
  • Fully leased to government & private tenants
  • Capitalise with development of rear air space
  • 4 - Star Nabers Energy Rating
  • 8 tenancies plus 22 car spaces on site
  • Located in the heart of the thriving Ballarat CBD
Building:

1,612m²

Zone:

Commercial 1 Zone

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