Ballarat Lifestyle Centre, 29 Cherry Flat Road, Delacombe, Vic 3356
- Property No. 503693482
- Show Page Visits
- 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
Interested in this property? Contact an Agent today
Level 3, 111 Coventry Street
Southbank Vic 3006
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