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25 Field Street
Ballarat Central VIC 3350

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3 INCOMES IN ONE BUILDING WITH POTENTIAL RETURN CLOSE TO 100K!

3 POTENTIAL INCOMES IN ONE BUILDING!
Discover a rare investment opportunity in the heart of Ballarat Central. This impressive commercial building offers a versatile 600m² of space spread over three levels, each designed to accommodate a variety of tenants or a mixed-use approach that includes residential living.
Property Features:
Three-Level Versatility:
Ground Level: Currently leased to a well-established English and maths tutoring centre, providing a steady and reliable income stream. The current owner has expressed a strong interest in renting back, ensuring immediate returns for the new owner.
Lower Level: A dynamic space presently operating as a dance studio. This level includes an adjoining office, a fully equipped kitchen, and a bathroom, complemented by a separate toilet and a change room conveniently located near the entrance. With its own dedicated access from the car park, this level offers potential for a wide range of commercial uses.
Upper Level: Pending permits for a stunning 3-bedroom studio apartment. This level promises an open-plan kitchen and living area, ideal for a luxurious urban lifestyle or additional rental income. The highlight is the private rooftop terrace, offering panoramic views of Ballarat's picturesque skyline, making it a prime spot for relaxation or entertainment.
Investment Potential:
This property is a unique opportunity for investors seeking multiple income streams from a single asset. Whether you choose to maintain the current commercial leases or take advantage of the residential potential on the upper level, 25 Field Street is a flexible investment that can adapt to your portfolio strategy.
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Property Details for 25 Field St, Ballarat Central

Building Type
Commercial

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About Ballarat Central 3350

The size of Ballarat Central is approximately 3.8 square kilometres. It has 5 parks covering nearly 3.7% of total area. The population of Ballarat Central in 2011 was 5,464 people. By 2016 the population was 5,333 showing a population decline of 2.4% in the area during that time. The predominant age group in Ballarat Central is 20-29 years. Households in Ballarat Central are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballarat Central work in a professional occupation. In 2011, 56.8% of the homes in Ballarat Central were owner-occupied compared with 56.9% in 2016.

Ballarat Central has 4,392 properties. Over the last 5 years, Houses in Ballarat Central have seen a 20.83% increase in median value, while Units have seen a 24.85% increase. As at 30 November 2024:

  • The median value for Houses in Ballarat Central is $632,760 while the median value for Units is $384,041.
  • Houses have a median rent of $410 while Units have a median rent of $360.
There are currently 42 properties listed for sale, and 15 properties listed for rent in Ballarat central on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in Ballarat central.

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Zac Boland
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YPA Estate Agents -Ballarat
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