Long 15 year leases to July 2030 plus options to 2050
Quest Apartments: Australasia’s largest apartment hotel brand est 1988 and now in over 150 locations
Annual fixed 4% rent increases
Immaculately maintained 4,300 sqm three level building incorporates 55 self contained apartments including 21 twin key plus reception, conference and business facilities and gymnasium
On-title parking for 34 cars
Significant 3,492 sqm landholding with premium Commercial 1 zoning
New capital intensive upgrades including brand new passenger lift
Strategic location within close proximity of Ballarat Hospital, University, train station and central business district
Substantial income tax saving depreciation benefits
Net Rent: $855,000 pa

For Sale by Expressions of Interest
Closing 4pm Wednesday 8 November 2017