FOR SALE
Price Range $1,325,000 - $1,435,000

1-3 Ligar Street
Ararat VIC 3377

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 713m2
Land area: 952m2
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Unique investment opportunity with multiple income sources

This property presents a unique investment opportunity with its multiple income sources, strategic location, and modern facilities. Ideal for investors seeking a stable and diversified portfolio addition in a growing regional city.
• Location: Gateway entry position leading into the center of Ararat, close to Woolworths and K Mart.
• Land Area: 952.24 sqm.
• Street Frontage: Over 50.31 meters on a main road corner site.
• Building: Modernized office complex covering 713 sqm.
• Parking: On-site and kerbside parking available.
• Tenancy: Three separate tenants providing diverse income streams.
• Titles: Three individual titles for enhanced investment flexibility.
• Tenants: Leased to well-known and established enterprises, ensuring stability and reliable rental income.
• Strategic Location: Positioned at a prime gateway entry point into Ararat, offering high visibility and accessibility.
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Property Details for 1-3 Ligar St, Ararat

Building Type
Commercial
Floor Size
713m2
Land Size
952m2

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About Ararat 3377

The size of Ararat is approximately 161.2 square kilometres. It has 25 parks covering nearly 14.9% of total area. The population of Ararat in 2011 was 8,076 people. By 2016 the population was 8,298 showing a population growth of 2.7% in the area during that time. The predominant age group in Ararat is 50-59 years. Households in Ararat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ararat work in a labourer occupation. In 2011, 70.9% of the homes in Ararat were owner-occupied compared with 68.1% in 2016.

Ararat has 4,709 properties. Over the last 5 years, Houses in Ararat have seen a 80.54% increase in median value, while Units have seen a 59.65% increase. As at 31 August 2024:

  • The median value for Houses in Ararat is $352,556 while the median value for Units is $299,169.
  • Houses have a median rent of $383 while Units have a median rent of $330.
There are currently 50 properties listed for sale, and 7 properties listed for rent in Ararat on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in Ararat.

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Fiona Mcdonald
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Ray White Ararat
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