Invest in 2 Shops - Blue Chip Location

Description

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This major and substantial property is superbly located on the sunny side of Sturt Street offering excellent exposure to both pedestrian and vehicle traffic.
Close to major free carparks and the vibrant hospitality precincts that Ballarat currently offers.
With a total building area of approximately 365m2, the property comprises 2 separate shop premises.
7 Sturt St is approx. 130m2 and mainly open plan with reverse cycle air conditioning, kitchen, store area and staff facilities.
9 Sturt St is currently leased to long term tenant, approx. 135m2 (ground floor) with retail area, extensive storage, staff facilities and further first floor area of 100m2.
Both premises have rear access from Lewis St, one carpark each and are excellently presented and have been well maintained.
Net return is approx. $66,750 per annum and offers the astute purchaser a rare opportunity to obtain a sound return and would be a great addition to your property portfolio or superannuation fund with potential for both rental and capital growth.