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Offices in Ballarat Central, VIC1-3/88 Mair St

1-3/88 Mair Street, Ballarat Central, VIC 3350
1-3/88 Mair StreetBallarat Central VIC 3350 AUS
-37.559938 143.861419
$1,800,000 - $1,950,000
  • Building area 614 sqm
  • Land area 0.12 acres / 502.4 sqm

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Ballarat Commercial Investment with Multiple Tenancies

Property ID 1911003
This well positioned office complex with high exposure to a major Ballarat CBD road offers a great opportunity for investors with 3 professional office tenancies each on 3 year leases. The appealing 2 storey corner office building provides great flexibility comprising 3 separate titles and on-site car parking. The building is air-conditioned and carpeted and provides a variety of office layouts plus excellent amenities. The ground floor is subject to a new 3 + 3 year lease from 11/06/2018 at $50,000pa + GST and Outgoings. The first floor comprises 2 tenancies, tenancy 2 is leased to QBE until November 2020 at $33,625pa + GST and outgoings and tenancy 3 is leased at $25,000pa + GST and Outgoings for 3 + 3 years from 1/06/2018. In such a busy and prominent location this is a terrific investment for your property portfolio in a strong regional city offering a yield in the 5.5% to 6% range.
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