FOR SALE
Expression of Interest (EOI)

109 Watson Street
Jackass Flat VIC 3556

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 39985.8m2
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109 Watson Street, Jackass Flat Victoria 3556

ARPBS Commercial have on offer a rare opportunity to secure a prime development site located within minutes' drive from the Bendigo CBD. Very rarely does such an offer arise to purchase a large allotment of Low-Density Residential (LDR) land within proximity of key markets.
This site has services available and two streets of road frontage providing lucrative development potential (STCA). The property has publicly renowned retail businesses operating from segregated portions of the site, subsequently offering immediate yield, while development could occur in parallel to maintaining rental income. This offer won't last long with land shortages present across Victoria, especially one so close to a thriving regional hub.
Features
* Zoning: Low Density Residential Zone (LDRZ)
* Size: 39,985 SQM Approx.
* Services available*
* Dual street frontage
* Flexible settlement terms
* General Residential zoning within proximity of the site.
* Retail enterprises currently operating from the site (Pub, waterslide, retail shops and accommodation facility)
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Property Details for 109 Watson St, Jackass Flat

Building Type
Commercial
Land Size
39985.8m2

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About Jackass Flat 3556

The size of Jackass Flat is approximately 2.9 square kilometres. It has 3 parks covering nearly 20.4% of total area. The population of Jackass Flat in 2011 was 301 people. By 2016 the population was 1,124 showing a population growth of 273.4% in the area during that time. The predominant age group in Jackass Flat is 20-29 years. Households in Jackass Flat are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Jackass Flat work in a labourer occupation. In 2011, 84.4% of the homes in Jackass Flat were owner-occupied compared with 45.6% in 2016.

Jackass Flat has 1,175 properties. Over the last 5 years, Houses in Jackass Flat have seen a 53.11% increase in median value. As at 31 August 2024:

  • The median value for Houses in Jackass Flat is $585,121 while the median value for Units is $433,453.
  • Houses have a median rent of $490.
There are currently 3 properties listed for sale, and 3 properties listed for rent in Jackass flat on OnTheHouse. According to CoreLogic's data, 63 properties were sold in the past 12 months in Jackass flat.

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George Mercieca
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ARPBS Commercial Real Estate
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