186 Barkly Street
Ararat


$195,000 - $205,000

Property Features


Property ID: 3249444

Building Size
240 m2

Prime location - Central CBD Barkly Street


Commercial retail premises in Prime Central CBD location at the corner of Barkly & Vincent Street busy traffic lights intersection. You wont beat this for value or position with high profile exposure. Freehold building around 68sqm. plus a detached studio around 46sqm and a large billboard on the side of the building. Underneath there is floor space the same size as the main shop, some work is required but would be great for storage or extra office space. The detached studio has recently been leased and undergone a full renovation and fit out. The billboard is also leased. The retail shop at the front of the building is currently advertised for lease at $1195 per month. All three combined return $18,740pa, which represents a return of around 9 - 9.6% yield for investors. The retail shop has had a recent renovation, with new floor coverings, reception area/ waiting room, separate consulting room, kitchenette, toilet & cabinetry for storage. A very light, bright & inviting premises with brilliant corner & recessed window display area and northerly aspect to Historic Town Hall Performing Arts Centre & Civic square of landscaped gardens. The detached studio is a former bakery featuring original architecture & character comprising oven & cast iron fittings and has been leased separately. Great opportunity. Contact the agent today to arrange an inspection.