Potential 6.9% Yield

Ray White Ballarat are excited to offer this stunning property to the market. Situated in a desirable location of Ballarat, this three level building is leased on a three year lease as an accommodation facility. This property lends itself as a great investment with yearly rent increases and landlord favourable terms. The astute buyer will see the future potential with this site as they will have the option to further develop the property STCA to enhance what the property has to offer.

- Three year lease commencing 1st May 2023
- Two further terms of three years
- Current rent amount $103,500pa*
- 3.5% annual increases and MR at renewal
- Tenant pays for all usual outgoings
- Significant accommodation property with 23 guest rooms
- Future proof investment with potential University Accommodation STCA
- Situated over 3 levels with beautiful views from the balcony
- Land area of approx. 511m2* with 5 off street car parks
- Current planning permit for Bed and Breakfast
- Three bathrooms, two kitchens and laundry facilities
- Heating and air conditioning

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

Ballarat Primary School (Dana Street) Primary Prep-6 Government 0.26km
St Patrick's School Primary Prep-6 Catholic 0.49km
Ballarat Clarendon College - Second Campus Combined Independent 0.83km
Mount Rowan Secondary College-LinkUp - Ballarat Learning Exchange Campus Secondary Government 0.87km
SEDA College (Victoria) - Multi Ballarat Secondary Independent 1.4km
Mount Pleasant Primary School Primary Prep-6 Government 1.4km
Mount Clear College-G Place Campus Secondary Government 1.4km
Pleasant Street Primary School (Ballarat) Primary Prep-6 Government 1.6km
Macarthur Street Primary School Primary Prep-6 Government 1.7km
Ballarat Clarendon College Combined Prep-12 Independent 1.8km
Newington Primary School Primary Prep-6 Government 1.9km
St Aloysius' School Primary Prep-6 Catholic 1.9km
St Patrick's College Secondary 7-12 Catholic 2.0km
St Alipius' Parish School Primary Prep-6 Catholic 2.0km
Canadian Lead Primary School Primary Prep-6 Government 2.2km
St Columba's School Primary Prep-6 Catholic 2.3km
Black Hill Primary School Primary Prep-6 Government 2.4km
Phoenix P-12 Community College-Redan Campus Combined Government 2.7km
Loreto College Secondary 7-12 Catholic 2.7km
Phoenix P-12 Community College Combined Prep-12 Government 2.8km
Loreto College - The Little Flower Campus Secondary Catholic 2.9km
Ballarat Christian College Combined Prep-12 Independent 3.2km
Ballarat High School Secondary 7-12 Government 3.3km
Ballarat Grammar Combined Prep-12 Independent 3.5km
Woodmans Hill Secondary College Secondary 7-12 Government 3.7km
Mount Clear College Secondary 7-12 Government 5.1km

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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