Gross Waddell ICR and Mindacom Real Estate are pleased to present for sale a phenomenal land rich investment at 76-80 Learmonth Road, Ballarat (Wendouree). Securely leased to a proven homemaker retailer, the property is perfectly positioned within a bustling retail precinct alongside the sub-regional Wendouree Shopping Centre and an array of national retailers.

• Leased to a nationally recognised furniture giant 'Amart Furniture' which has over 65+ stores nationally and growing
• Substantial 15-year & 6 month lease commencing 9th of March 2012 with no further options
• Significant income profile offering $669,910.63 per annum* (gross) plus a turnover provision
• Enormous 16,650 sqm* landholding with frontage to the ever-popular Learmonth Road and Gillies Street
• Vast 5,645 sqm* retail/showroom with 173* on-site customer carparks
• Proven retail position adjoining HomeCo supercentre, Wendouree Shopping Centre & Eureka Homemaker Centre.
• Single tenant minimum management investment
• Future value-add opportunity with potential rental reversion, ability to split into smaller showrooms or develop the land for greater site coverage (STCA)
• Ballarat is a major regional city with a forecast population growth of 25.69% by 2036 (source forecast.id)

The property is for sale via Expressions of Interest closing at 3 pm on Wednesday 28th of June 2023. For further information or to inspect the property, please contact Gross Waddell ICR or Mindacom directly.

 For further information, or an inspection of the premises, please contact an agent.