Ray White Ballarat are proud to present this quality freehold office investment opportunity.
A set and forget investment with a 5 year lease to 2023 plus 2 further 5 year options to 2033 will appeal. Current rent is $61,200pa + GST with annual CPI increases. The tenant pays all usual outgoings including rates and insurance. Previously known as Lillingston & Marshall, now Ballarat Insurance Brokers, the business has been operating in Ballarat for over 40 years. The property is a superb double storey Art Deco style rendered brick building incorporating open plan and separate offices, 2 board rooms and excellent staff amenities. Situated in the heart of Ballarat opposite the Myer and Central Square shopping precinct. Ballarat hase become one of the fastest growing regional centres in Australia with a projected 19% population growth by 2026.