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CVA Property Consultants - Melbourne

1/287-309 Ballarat Road Footscray, VIC 3011

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1/287-309 Ballarat Road,
Footscray, VIC 3011

Showrooms & Large Format Retail • Shops & Retail
Added 2 days ago

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CVA Property Consultants - Melbourne
Leo Mancino
Domenic Sgambellone

CVA Property Consultants - Melbourne

18-20 Russell Street
MELBOURNE, VIC 3000
CVA Property Consultants - Melbourne
1/287-309 Ballarat Road
Footscray, VIC 3011

Map of 1/287-309 Ballarat Road

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  • Train stations within 5 km of 1/287-309 Ballarat Road, Footscray, VIC 3011Distance
    West Footscray Station1.4 km
    Middle Footscray Station1.7 km
    Tottenham Station2.1 km
    Footscray Station2.2 km
    Flemington Racecourse Station2.3 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 1/287-309 Ballarat Road, Footscray, VIC 3011Distance
    59-Droop St/Ballarat Rd (Footscray)996 m
    53-Maribyrnong College/River St (Maribyrnong)1.1 km
    54-Gordon St/River St (Maribyrnong)1.2 km
    50-Wests Rd/Williamson Rd (Maribyrnong)1.5 km
    50-Williamson Rd/Wests Rd (Maribyrnong)1.5 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 1/287-309 Ballarat Road, Footscray, VIC 3011Distance
    Rosamond Rd/Ballarat Rd (Maidstone)55 m
    Summerhill Rd/Ballarat Rd (Maidstone)91 m
    Inkerman St/Rosamond Rd (Maidstone)230 m
    Eleanor StBallarat Rd238 m
    Havelock St/Ballarat Rd (Maidstone)354 m
    POWERED BY HERE ©
POWERED BY HERE ©

COMMANDING CORNER INVESTMENT CATCHING FOOTSCRAY EYES.

POINT OF INTEREST:

Turn a corner on your portfolio success with a stand-out corner showroom investment directly on Ballarat Road. There’s over 14 m* of double-sided frontage, marketing to 40,000 passing vehicles daily. The corner showroom and retail space has had a long-term tenant in Zoom Fitness, they’re paying $70,143 per annum to occupy the 309 sqm* space for the foreseeable. Rear access via the laneway makes deliveries and pick-ups simple, while the CBD connectivity through the Citylink, Dynon Road, or the West Gate Freeway does an equally great job. You’re down the road from the Footscray hospital and medical precinct, Victoria University’s Footscray Campus, and surrounded by the west’s best schooling  — making this pocket the perfect city-fringe investment regardless of the tenant.

- Leased to Terry Zaras ATF Zaras Trust trading as Zoom Fitness.
- $70,143 per annum plus outgoings and GST in leasing income.
- 3-year term commenced 1st July 2023 plus 2 further terms of 3 years with 3% annual increases.
- 309 sqm* total building area.
- Mixed use zoning.
- 14 m* frontage to Ballarat Road.
- 40,000* approximate passing vehicles daily.
- Rear access via laneway.
- 15-minute* drive to the CBD.


POINT OF VIEW:

The 309 sqm* on paper doesn’t do the ground floor retail space in practice, and the corner prominence in front of Ballarat Road makes the entire package a western standout investment.



*Approx.
Pricing excludes GST

Property ID: 504725716Last Updated: 31 Oct 2024

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