Commercial Freehold - Invest or Occupy

This is an incredible opportunity to invest in a commercial freehold property in the heart of Ararat. The property is a triple fronted retail shop, situated on a large 764 sq m block with a wide 15.19m frontage and ample car parking both front and back. The building itself is spacious, with a building size of 295 sq m and situated on a deep block that extends to the rear lane.
The property is located in a prime position in the Ararat CBD, with a north-facing, sunny, light & bright aspect. It's a heritage building with a front facade full of character and a large verandah that's perfect for outdoor dining or display. The streetscape works include grape vines to promote the Pyrenees & Grampians winery region, creating a charming and inviting atmosphere.
The property is on three titles currently wholly leased to a popular Thai restaurant, which is highly reputable and serves delicious Asian cuisine. It would suit hospitality, retail, or service industries, making it a versatile investment option.
The fixed term lease expires on 1st September 2023, giving the buyer the chance to owner-occupy or invest. The last sale was in 2008, making this an excellent opportunity to secure a highly sought-after property in a great location.
Don't hesitate to call agent Phil Clark on 0417 509 025 for a comprehensive information memorandum or to arrange an inspection. The sale is by fixed date closing at 12 noon on Tuesday 9th May 2023 (Unless Sold Prior), with an indicative buyer range of $400,000-$440,000.
Act quickly to secure this fantastic investment opportunity.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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School catchments

Marian College Secondary 7-12 Catholic 0.40km
Ararat Primary School Primary Prep-6 Government 0.41km
St Mary's School Primary Prep-6 Catholic 0.60km
Ararat Secondary College Secondary 7-12 Government 1.0km
Ararat North Primary School Primary Prep-6 Government 1.2km
Ararat West Primary School Primary Prep-6 Government 1.3km
Ararat Secondary College-School Farm Campus Secondary Government 1.5km
Moyston Primary School Primary Prep-6 Government 14.8km
Great Western Primary School Primary Prep-6 Government 16.7km
Maroona Primary School Primary Prep-6 Government 17.8km
Buangor Primary School Primary Prep-6 Government 23.2km
Stawell Secondary College Secondary 7-12 Government 27.8km
Concongella Primary School Primary Prep-6 Government 27.9km
St Patrick's School Primary Prep-6 Catholic 28.1km
Stawell West Primary School Primary Prep-6 Government 28.2km
Stawell Primary School Primary Prep-6 Government 29.0km
Pomonal Primary School Primary Prep-6 Government 30.5km
Willaura Primary School Primary Prep-5 Government 33.7km
Landsborough Primary School Primary Prep-6 Government 35.8km
Beaufort Secondary College Secondary 7-12 Government 43.3km
Lake Bolac College Combined Prep-12 Government 49.2km
Brauer Secondary College-Dunkeld Annexe Secondary Government 64.8km
Maryborough Education Centre-Beckworth Campus Combined Government 74.9km
Maryborough Education Centre Combined Prep-12 Government 75.0km
Highview College Secondary 7-12 Independent 75.7km
Derrinallum P-12 College Combined Prep-12 Government 77.0km
St Arnaud Secondary College Secondary 7-12 Government 80.1km
Yuille Park Community College-Young Parents Campus Combined Government 82.9km
Yuille Park Community College Combined Prep-12 Government 82.9km
Yuille Park Community College-Yuille Campus Combined Government 82.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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