Major 5,030sqm Mixed-Use Site With 'High-Yielding' Holding Income | Develop and/or Occupy In Dominant Retail, Automotive & Medical Precinct
Burgess Rawson are pleased to exclusively present to market 1051 - 1099 Howitt Street, Wendouree (Ballarat) VIC for sale via Expressions of Interest closing Wednesday 2 July at 3pm AEST.
This opportunity has the following key highlights:
+ Significant 5,030sqm* Mixed Use Zoned (MUZ) landholding in a dominant retail, automotive and medical precinct.
+ Incorporates 3 separate titles with a low site coverage of 16% suiting future development, owner occupancy and/or value-add expansion opportunities (STCA).
+ Prime 68 metre frontage to busy Howitt Street with 20,000+ vehicles passing daily.**
+ Underpinned by a short term lease to Carworks Australia, successful and longstanding on site 23+ years providing valuable, high-yielding holding income.
+ Incorporating well-maintained existing improvements, including showroom, service centre and extensive hardstand.
+ Situated only 2.5km* from Ballarat CBD, neighbouring numerous national retailers with Woolworths, McDonald's, Lake Health Group, Jax Tyres & Auto, Reece Plumbing, Goodstart Early Learning all within 300m.
+ Core infrastructure catchment under 1km from Wendouree Train Station, Stockland Wendouree Shopping Centre (4.98M MAT)***, Ballarat Grammar (1,537 students)** and future $150 million Ballarat Major Events Precinct (formerly Ballarat Showgrounds).
+ Ballarat: capital of Western Victoria with a population forecast to surge 31% to 164,365 by 2046.****
+ Total tourism spend in Ballarat is up 111% since 2019 with the city's annual visitors spending a record $663 million recently.*****
+ Potential 50% stamp duty savings.
+ Net Holding Income: $419,817 pa* + GST.
Under Offer.
For further information, please contact Burgess Rawson.
Shaun Venables | 0411 860 865
*Approx
**GapMaps
***Stockland
****Forecast.id
*****City of Ballarat
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