103 Barkly Street
ararat VIC 3377


Opportunity here for the astute Investor. This property is a fantastic, reliable & well performing Commercial Rental Investment located in the heart of Ararat's busy CBD. Investors can have confidence investing in this great Retail Commercial property due to a successful tenant business trading for the last 3 years and recently renewed their lease for a further 3 year term with an extra 2 x 3 year options and a 3.5% rent increase pending.

Features worth considering are: Location: Fantastic, close to Westpac & ANZ banks, Post Office, Cafes & Restaurants. Rent: $20,000 (increasing to $20,700 in October 2018). Return: 8-8.5% yield approx. Term: Tenant renewed for further 3 years. Options: 3 + 3 extra years. Reviews: To market & CPI annually during term. Building: Solid & Sound Brick building around 238 sq.m. approx. comprising large retail showroom area, 4-5 offices, Boardroom, Data & archive storage utility rooms, Service/Plant room, M&F toilets, Staff room & kitchenette, access from rear laneway. Flexibility for Retail, Offices, or Service Industry so would suit many uses. This property has been well held by the current owner for a long period and now is a perfect time to capitalise on Ararat's growth. Invest Now. Enquiries strictly with appointed Agents.

Property Details

Property Type - Offices

Land Area - 255m2


Contact Details

Get in touch with our team at First National Real Estate Ararat

Please complete the enquiry form below and we will be in touch shortly

Select the open and fill in your details below, then simply show your ID at the door