A unique commercial offering combining architectural design, quality construction and established income, 820 Armstrong Street North presents an outstanding opportunity for investors and future owner-occupiers seeking a tightly held commercial asset with two leases currently in place.

Originally a former hall and now comprehensively reimagined by Project Now and completed by Kimber Constructions, the property offers an exceptional standard of fit-out throughout, together with a versatile configuration that provides flexibility for a range of commercial requirements.

The property is currently leased across two separate short-term tenancies and will be sold as a going concern, providing diversified income while allowing the next owner time to plan their future occupation of the property. With the current leases providing an income stream in the short term, the property also presents an opportunity for an owner-occupier to secure a substantial and highly individual commercial premises for their future use.

The front tenancy incorporates a reception area, two flexible rooms, two bathrooms and a substantial multi-purpose room with extensive kitchen facilities. The second tenancy provides further high-quality accommodation and amenity, creating a versatile configuration for a range of professional, consulting, office or other commercial uses, subject to the relevant approvals.

The architectural detail throughout is a significant feature, with exposed brickwork, polished concrete finishes, high-quality fixtures and extensive natural light creating a commercial environment well beyond the standard offering.

The larger tenancy features an expansive open-plan layout, substantial kitchen facilities, polished concrete surfaces and an impressive entertaining or staff amenity area. A combination of gas heating, wood fire, electric split system and electric blinds provides year-round comfort.

The kitchen has been finished to an exceptional standard with a full butler's pantry, sink, filtered water, instant hot water and extensive storage. Black SMEG appliances, polished concrete finishes and a substantial central island further enhance the functionality of the space.

Additional accommodation includes multiple private rooms and bathrooms, with the overall configuration providing flexibility for a range of commercial uses, subject to the relevant approvals and existing lease arrangements.

Further improvements include an upper-level multi-purpose room, built-in sauna, extensive storage and a substantial double garage with workshop and mezzanine. Secure access is provided via an electric gate from Howitt Street, with undercover car parking adding further practicality for occupants.

Externally, the property offers a substantial deck and generous surrounding areas, providing valuable amenity for the existing occupants and further enhancing the overall quality of the asset.

For SMSF and private investors, the combination of two established short-term commercial leases, quality improvements and a distinctive offering in a tightly held Ballarat location makes this a compelling investment opportunity. For an owner-occupier, the property provides the opportunity to acquire a substantial commercial premises, retain the existing income in the short term and ultimately transition the property to suit their own business requirements.

With its combination of architectural character, extensive improvements, secure access, car parking and flexible commercial configuration, 820 Armstrong Street North represents a rare opportunity to acquire a commercial property with both immediate income and genuine future owner-occupier potential.

Purchasers should undertake their own legal, financial and taxation advice regarding the suitability of the property for their individual circumstances, including SMSF acquisition requirements.