Brand New Fully Leased Large Format Retail Centre – 5.5 Year WALE
- $10,000,000/POA
Property Description
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-forec ast-areas?WebID=500&Year2=2015
Deep End Services LFR Market Review, October 2020
https:/ / www.thecourier.com.au/ story/ 6394515/ ther e-are-3000-more-women-in-balla rat-than-men-new-stats-reveal/ #:~:text=%22Growth%20 is%20the%20theme%20of,biggest% 20of%20any%20inland%20city
*approx
Expressions of Interest Closed – Multiple Offers Received
Our Ref: Large Format Retail, Retail Investments, Shopping Centre
Property Code: 17







