Lauchlan Waddell, Senior Executive of Sales & Leasing at Colliers Ballarat, markets a 2.94ha industrial property located at 5-7 Racecourse Road, Beauford for sale.
Colliers Ballarat is bringing a property comprising 29,470sqm of Industrial 1 Zoned land with two factories totalling 2,400sqm to market in regional Victoria's Beaufort.
The main building features a clear-span warehouse of approximately 1,500sqm, equipped with sliding doors, high clearance, a canopy to the south, and a 63kw rooftop solar installation. The second factory, approximately 900sqm, also boasts sliding doors, high clearance, and a canopy to the north. Externally, the property offers a generous gravel hardstand area and dual driveway entrances, providing excellent site access for large vehicles.
Lauchlan Waddell, Senior Executive of Sales & Leasing at Colliers Ballarat, commented, "This is an exceptional opportunity to secure such a substantial property leased to ASX-listed tenant, Big River, with plenty of room for them to continue to grow into the future."
The property is currently occupied by Australian timber products business Big River Industries Ltd, with options until December 2032, generating an annual return of $128,417 with the tenant liable for all outgoings, including Land Tax.
The property's dual road frontages, totalling 350 metres, provide excellent visibility and accessibility. The asset is strategically located within the industrial precinct of Beaufort, ensuring easy access to major transport routes, including the Western Highway, enhancing logistical efficiency.
The property is located within the industrial precinct of Beaufort, with easy access to the Western Highway, approximately 50km west of Ballarat and 170km west of Melbourne.
Beaufort is a regional town situated on the Western Highway between Ararat and Ballarat within the Pyrenees Shire, featuring a strong connectivity to road and rail linkages to Ballarat, Melbourne, and Western Victoria. The largest economic contributors to the Pyrenees Shire are Agriculture, Forestry, and Fish, with Construction and Manufacturing also playing significant roles in the region's economic output.
"Regional Victoria remains an attractive market for investment, attributed to its affordability and continued government investment into key infrastructure projects, including Western Highway upgrades facilitating population growth," Mr Waddell added.
With price expectations around $1.9 million, the 2.94ha property at 5-7 Racecourse Road, Beauford is available for sale by Expression of Interest, closing Wednesday 16 April at 4pm (AEST).
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