Retail (Showroom)
1051 – 1099 Howitt Street Wendouree has prominent exposure on Howitt Street and is only 2.5km from the Ballarat CBD.
Ballarat is located approximately 115km north-west of Melbourne at the junction of the Western Freeway, Glenelg Highway and Midland Highway. Ballarat is the second largest regional city in Victoria after Geelong. The property is situated on the south side of Howitt Street in Wendouree which is a northern suburb of Ballarat.
The site is leased to Carworks Australia and comprises a dealer group of Chrysler-Jeep, Renault and used car sales.
The combination of location, with short-medium term income and an attractive cap rate, makes this an attractive purchase for the Fund.
Financial Information:
Disclaimer: Information provided about forecast annual net cash flow and cash on cash returns are derived from unaudited financial projections. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Responsible Entity. The Responsible Entity cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.
| Property type | Showroom |
| Date acquired | 8 September 2025 |
| Land size | 5,032m² |
| Building size | 650m² |
| Purchase price | $4,300,000 |
| Independent valuation | $4,300,000 |
| Capitalisation rate used by Valuer | 7.00% |
| Valuation date | 19 July 2025 |
| Occupancy at purchase date | 100% |
| Financing | All cash purchase |
| WALE (Lease Expiry) | 1.60 years |
| WALE (Income) | 1.60 years |
| WALE (Lettable Area) | 1.60 years |
The weighted average lease expiry (WALE) is 1.60 as at 19 July 2025 on the basis of the property as a standalone acquisition, not its weighting in the Fund’s total portfolio. More recent information about the Fund’s portfolio can be found here.