- 515 - 517 Dowling Street, Wendouree
- Two titles with total land area of 4644 square metres
- $1,150,000
- Agency: Colliers International
- Agent: Charles Kennedy on 0431 914 778
- Inspect: By appointment
This property offers an outstanding investment opportunity to secure well located industrial premises with a quality national tenant.
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The tenant has been leasing the premises since before 1990 and has two further five year terms.
The property is currently returning $71,027 per annum net rent, with fixed 3 per cent annual increases. The tenant pays all the outgoings, including land tax.
Constructed on the land is a brick office with an attached warehouse. The building contains a gross building area of approximately 819 metres.
The front office area is approximately 54 metres, a brick construction on a concrete slab, with a front general administration area.
The connected rear warehouse is approximately 765 square metres and constructed of part brick and part Colorbond ribbed steel on a concrete slab floor, with a steel frame.
Internal clearance is approximately 5.7 metres, with high bay roller doors at both ends of the warehouse. Along the southern side of the warehouse's interior are partitioned offices and amenities.
As the shedding sits on the far south boundary of the property, it leaves the full remaining balance of the site (potentially more than 3000 square metres) for further development.
Just over five kilometres from the Ballarat central business district, the property occupies a prominent location on a busy road just metres from the Midland Highway and the Western Freeway. This offers exceptional transport linkages from this well established and highly sought after industrial location.
Contact the agent today to arrange an inspection.
