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Renewed 10 Year Lease To Federation University Australia

1 Elsworth Street East, BALLARAT VIC, 3350

Sold

Property Sold in 1 Elsworth Street East, BALLARAT VIC, 3350

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

  • Profile placeholder
  • Doug Doyle
Listing ID:
11228231
Status:
Sold
Price:
Price on Request
Last Updated:
28/04/2020
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Property Type

Medical/Consulting/Hotel/Leisure/Land/Development
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Land Area

1554 SQM
Icon size

Floor Area

862 SQM
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Parking

N/A

Renewed 10 Year Lease To Federation University Australia

Renewed 10 year lease to 2026 + 10 year option through to 2036
Federation University: 7 campuses across Australia & Malaysia with circa 23,000 students and growing
Large 1,554 sqm site – 21 secure under cover car spaces
Purpose built & easily managed (by University) 862 sqm building incorporating 14 units - mixture of one, two, three and four bedrooms
Easy future subdivision potential – separately metered (STCA)
Central between University Ballarat’s CBD & Sovereign Hill
Excellent tax depreciation benefits/Fixed 2% rent increases
Ballarat: Victoria’s largest inland city with trade catchment of 100,000+ and forecast 27% population growth by 2031
Net rent: $155,801 pa approx (as at May 2017)

Auction 11am AEST Wednesday 5 April 2017
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

  • Profile placeholder
  • Doug Doyle

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