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Ballarat Lifestyle Centre, 29 Cherry Flat Road, Delacombe, Vic 3356

Ballarat Lifestyle Centre, 29 Cherry Flat Road, Delacombe, Vic 3356

Retail

  • Sold Contact Agent
  • Thu 28-Jan-21

Brand New Fully Leased Large Format Retail Centre - 5.5 Year WALE

  • Secured by 5 national tenants
  • Substantial WALE of 5.5 years
  • Net income of $740,500 per annum*

  • Land Area
  • 1.17ha (2.89 acres) (approx)
  • Floor Area
  • 3,765 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Feb 24, 2021
  • Car Spaces
  • 175

Additional Details


Interested in this property? Contact an Agent today

Stonebridge Property Group - Melbourne

Level 3, 111 Coventry Street

Southbank Vic 3006

Colliers - Melbourne

Level 30, 367 Collins Street

Melbourne Vic 3000

Brand New Fully Leased Large Format Retail Centre - 5.5 Year WALE

Stonebridge Property Group and Colliers International are delighted to present for sale Ballarat Lifestyle Centre, a brand new Large Format Retail Centre strategically located in Australia’s fastest growing inland city, secured by five national/chain tenants on net leases.

+ 100% of income secured by national/chain tenants on new net leases

+ Brand new Large Format Retail (LFR) centre offering significant depreciation benefits

+ Strategic 1.17ha* landholding with exposure to Glenelg Highway

+ 5.5km* south-west of Ballarat CBD, Australia’s fastest growing inland city

+ 79% of gross income and GLA are subject to 3% fixed annual reviews

+ Adjoining Bunnings Warehouse and Delacombe Town Centre anchored by Woolworths and Kmart

+ Located within the Ballarat West Growth Area, forecast to grow by an average 6.5% per annum (2020 to 2036)

+ Bolstered by 4.8% average annual LFR spending growth (2021 to 2030)

Sources: https://forecast.id.com.au/ballarat/about-forecast-areas?WebID=500&Year2=2015
Deep End Services LFR Market Review, October 2020
https://www.thecourier.com.au/story/6394515/there-are-3000

Ballarat Lifestyle Centre, 29 Cherry Flat Road, Delacombe, Vic 3356

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