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.