31 Sturt Street, Ballarat Central
Retail
BIG PRICE REDUCTION - BE QUICK! AN OUTSTANDING FREEHOLD ACQUISITION INVESTMENT OPPORTUNITY WITH A SECURE LEASE IN PLACE
Ballarat Real Estate Commercial are proud to offer for sale this iconic freehold building (Business not for sale) that comprises of three levels and a basement.
The subject property is located in the heart of Ballarat, within close proximity to major arterials, shopping centre, retailers, food services & other quality businesses. There is also the convenience of rear access via Lewis Street to accept deliveries without disruption.
Built in 1891, this architecturally designed, 22-metre-high building with a 10-metre-wide glass shopfront stands out from its neighbours and provides fantastic exposure to passing traffic along Sturt Street.
As soon as you step inside, you're greeted by character features throughout. The building consists of a lower-level commercial space that is currently operated as the highly regarded 'Piano Bar', complete with a spacious entertainment area, kitchen, and storeroom space. The current tenants also occupy the upper levels included in their lease for future plans.
• Freehold Only
• Zoned Commercial 1
• Secure lease in place with 5+5+5 year terms
• $106,456 Gross Rental Income with CPI Increases Annually
• Tenant Pays All Outgoings
• Excellent Rear Access via Lewis Street
• Ground Floor 406m2 (Approx)
• Total Building Area 785m2 (Approx)
• Originally Constructed in 1891 Standing 22 Metres High
• Iconic Heritage Building with Strong Presence for Future Capital Growth
Ballarat is located in Western Victoria, Ballarat is Victoria's 3rd largest city, with a population of approximately 111,973* Populations are based on Australian Bureau of Statistics Census Data from 2021 Key industries in the city include manufacturing, tourism, health and community services, education and retailing, together with banking and financing and government services.
TH0707
The subject property is located in the heart of Ballarat, within close proximity to major arterials, shopping centre, retailers, food services & other quality businesses. There is also the convenience of rear access via Lewis Street to accept deliveries without disruption.
Built in 1891, this architecturally designed, 22-metre-high building with a 10-metre-wide glass shopfront stands out from its neighbours and provides fantastic exposure to passing traffic along Sturt Street.
As soon as you step inside, you're greeted by character features throughout. The building consists of a lower-level commercial space that is currently operated as the highly regarded 'Piano Bar', complete with a spacious entertainment area, kitchen, and storeroom space. The current tenants also occupy the upper levels included in their lease for future plans.
• Freehold Only
• Zoned Commercial 1
• Secure lease in place with 5+5+5 year terms
• $106,456 Gross Rental Income with CPI Increases Annually
• Tenant Pays All Outgoings
• Excellent Rear Access via Lewis Street
• Ground Floor 406m2 (Approx)
• Total Building Area 785m2 (Approx)
• Originally Constructed in 1891 Standing 22 Metres High
• Iconic Heritage Building with Strong Presence for Future Capital Growth
Ballarat is located in Western Victoria, Ballarat is Victoria's 3rd largest city, with a population of approximately 111,973* Populations are based on Australian Bureau of Statistics Census Data from 2021 Key industries in the city include manufacturing, tourism, health and community services, education and retailing, together with banking and financing and government services.
TH0707
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