202 - 204 Barkly Street,
Ararat, VIC 3377
Shops & Retail
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Map of 202 - 204 Barkly Street
Commercial Retail Investment Property
Commercial Freehold For Sale.
This Retail investment property is now leased to a new business proprietor for a 5 year lease with a rent of $20,800 rising to $26,000 over the next 5 years. This makes for a secure investment with a current net yield of around 7.8% increasing to 9.8% at year 5, leased to long standing reputable Chinese Restaurant. A solid brick building over 311 sq.m. approx. with a commercial kitchen, large dining/function room, a 3 bedroom residence and former residence downstairs which has the potential to be further developed. Land block size around 505 sq.m. approx. with good access & car parking off laneway. Located in busy Ararat CBD opposite Town Hall, near new Aldi supermarket, close to Grampians National Park & Pyrenees winery tourist region.
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This Retail investment property is now leased to a new business proprietor for a 5 year lease with a rent of $20,800 rising to $26,000 over the next 5 years. This makes for a secure investment with a current net yield of around 7.8% increasing to 9.8% at year 5, leased to long standing reputable Chinese Restaurant. A solid brick building over 311 sq.m. approx. with a commercial kitchen, large dining/function room, a 3 bedroom residence and former residence downstairs which has the potential to be further developed. Land block size around 505 sq.m. approx. with good access & car parking off laneway. Located in busy Ararat CBD opposite Town Hall, near new Aldi supermarket, close to Grampians National Park & Pyrenees winery tourist region.
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Property ID: 5708866Last Updated: 9 Jul 2019
03 5352 23...
202 - 204 Barkly Street
Ararat, VIC 3377
Ray White Ararat - Ararat179 Barkly Street
ARARAT, VIC 3377
ARARAT, VIC 3377
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