House For Sale - VIC - Ballarat Central - 3350 - Potential 6.9% Yield (Image 2)

202 Dawson Street South Ballarat Central VIC 3350

Statement of Information

For Sale $1,500,000 - $1,650,000

23 3 3

Property Type House
Land area approx 511sqm
Floor area approx 672sqm
Region Grampians
Locality Ballarat
Carports 3

Tags: Views Lease Planning Permit

Potential 6.9% Yield

Ray White Ballarat are excited to offer this stunning property to the market. Situated in a desirable location of Ballarat, this three level building is leased on a three year lease as an accommodation facility. This property lends itself as a great investment with yearly rent increases and landlord favourable terms. The astute buyer will see the future potential with this site as they will have the option to further develop the property STCA to enhance what the property has to offer.

- Three year lease commencing 1st May 2023
- Two further terms of three years
- Current rent amount $103,500pa*
- 3.5% annual increases and MR at renewal
- Tenant pays for all usual outgoings
- Significant accommodation property with 23 guest rooms
- Future proof investment with potential University Accommodation STCA
- Situated over 3 levels with beautiful views from the balcony
- Land area of approx. 511m2* with 5 off street car parks
- Current planning permit for Bed and Breakfast
- Three bathrooms, two kitchens and laundry facilities
- Heating and air conditioning