This substantial refurbished retail/office building is located in a high traffic flow block just north of Sturt Street in central Ballarat. The property includes a brick retail/office premises set on a large site with 7 separately titled car spaces at the rear. The property has a long history of occupancy with Jenny Craig leasing for approximately 25 years and the current tenant being a long-term business operator in Ballarat of approximately 20 years. The property includes a large modern single story retail/office premises incorporating an open retail space at the front and several partitioned and carpeted offices, kitchen/staff room, meeting room, store room and direct access to the rear paved car park. The building was built circa 1980 and is air conditioned and carpeted throughout. 5 Doveton Street North (front section) is held under a new 5 year lease from 1st August, 2018 with 2 further 5 year options. Rent is subject to annual CPI increases and as at the 1st August, 2019 was $32,667pa + GST. The tenant is also responsible for a share of the outgoings excluding Owners Corporation fees. The tenant has one car parking space included in his lease whilst the remaining 6 spaces are separately leased. Gross income when fully leased including the rear office and 6 parking spaces is approximately $57,087.00 pa. Net return would be approximately $54,687.00. Situated close to the Gov Hub currently under construction and the Ballarat station precinct the property represents a fantastic alternative for investors seeking better than term deposit interest rates.