SOLD
1 Elsworth Street East, Ballarat, VIC 3350
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
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
Property Info
Municipality
Ballarat
AUCTION
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Burgess Rawson Melbourne Melbourne
Level 7, 140 Bourke Street
Melbourne, VIC 3000
Tel: 03 9613 0400
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Doug Doyle
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