76-80 Learmonth Road,
Wendouree, VIC 3355
Shops & Retail • Showrooms & Large Format Retail
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Gross Waddell ICR Pty Ltd - Melbourne
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
76-80 Learmonth Road
Wendouree, VIC 3355
Map of 76-80 Learmonth Road
LAND RICH INVESTMENT TO A NATIONALLY RECOGNISED FURNITURE GIANT
- Leased to a proven large format retailer
- Enormous 16,650 sqm* landholding
- Long established store on 15-year lease
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.
• 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.
Property ID: 504331200Last Updated: 25 Sep 2023
Gross Waddell ICR Pty Ltd - MelbourneLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Mindacom Real EstateP.O. Box 63
GARFIELD, VIC 3814
GARFIELD, VIC 3814
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