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Strategic Freestanding Retail Investment
Renewed 5 year lease to 2022 plus option to 2027. JB Hi-Fi is a growing retailer with 303 stores across Australia (including The Good Guys) - 2017 sales of $5.6 billion. The lease provides for guaranteed rental growth with fixed 3% annual increases and the tenant pays all usual outgoings including single holding land tax. The site of 2,718 sqm is "Commercial 1" zoned with 3 street frontages containing 36 car spaces and is located in the Ballarat CBD. The property is located in a prime position amongst complementary retailers including Woolworths, Coles, Dan Murphy's, Big W, Rebel Sport, Office National, Good Guys and the famous Bridge Mall. The building is well maintained with capital intensive fit-out to JB Hi-Fi's layout and design. Current rent is $290,460pa.
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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