FOR SALE
$840,000 - $880,000

Shops 6 & 7/1 Eastwood Street
Ballarat Central VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 165m2
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Blue Chip Entry Investment Property

RWC Ballarat are pleased to offer this affordable fully leased property to H&R Block who are one of Australia's leading tax accounting firms. With only 3 years remaining on the lease, this property could be sold with the view to move in as an owner occupier or alternatively the tenant is willing to commit to an extension of a further 5 years which will extend their lease until November 2032. Located in a popular strip with high foot traffic and fantastic exposure, this property has so many benefits and will suit many investors or owner occupiers alike.
- Annual rental amount $53,381* + GST
- CPI Increase due in December 2024
- Lease expires 30th November 2027 - no further options
- Tenant willing to sign a further 5 year lease extension
- Tenant pays all outgoings, as per the lease
- Adjoining other successful business in vibrant hub
- Excellent exposure and foot traffic
*Approx

Property Details for Shops 6 & 7/1 Eastwood St, Ballarat Central

Building Type
Commercial
Floor Size
165m2

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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 4,384 properties. Over the last 5 years, Houses in Ballarat Central have seen a 20.44% increase in median value, while Units have seen a 24.38% increase. As at 31 October 2024:

  • The median value for Houses in Ballarat Central is $632,539 while the median value for Units is $381,926.
  • Houses have a median rent of $420 while Units have a median rent of $370.
There are currently 46 properties listed for sale, and 14 properties listed for rent in Ballarat central on OnTheHouse. According to CoreLogic's data, 156 properties were sold in the past 12 months in Ballarat central.

Suburb Insights for Ballarat Central 3350

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Sam Borner
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RWC Ballarat
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.