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209-211 Gillies Street North, Wendouree, VIC, 3355

2. Property Highlights

Large Infill Land Holding with Redevelopment Opportunity and Large Rental Income

Ray White Ballarat are proud to offer for sale 209-211 Gillies Street North, Wendouree. This asset represents an opportunity to acquire a strategically rare infill parcel offering holding income with significant redevelopment potential STCA. The site has a combined site area of 20,961m2* with existing improvements, offering multiple development opportunities leveraging off the growing trade area STCA. This represents a rare opportunity to secure a prime infill land parcel with significant value add opportunities plus income in one of Victorias fastest growing locations.

Key Features:
- High profile freehold investment in one of Ballarats busiest intersections
- Expansive 20,961m2* corner land holding
- Leased to a multinational car dealership expiring in April 2025 with options to 2035
- A variety of other small warehouses separately leased
- Annual rental income of $1,335,000*
- Annual compounding rent reviews - tenants pay outgoings as per the lease
- Two titles, one of 9,021m2* and the other 11,940m2*
- Located within the core of the Wendouree Activity Centre, marked as a high growth area for future employment
- Situated within the proposed Wendouree Railway Station Precinct master plan, providing a framework for future development
- Ballarat population forecast to grow 24% to over 144,000 by 2036^

Expressions of Interest closing 9/12/2022 at 2pm. Contact Sam Borner 0439 655 509 and enquire today to receive the Information Memorandum and other relevant documentation.

* Approximately
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3. Property Location

209-211 Gillies Street North, Wendouree, VIC, 3355

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4. Due Diligence

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209-211 Gillies Street North, Wendouree, VIC, 3355 Wendouree