FOR SALE
$1,800,000 - $1,950,000

851-853 Howitt Street
Wendouree VIC 3355

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1993m2
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PRIME CORNER COMMERCIAL PROPERTY

Welcome to your next investment opportunity nestled in the heart of Ballarat. Positioned on a spacious corner allotment, this commercial gem boasts unparalleled convenience with close proximity to the Western Freeway, serene Lake Wendouree, and the bustling hub of Ballarat Central.
Location: Strategically situated for maximum exposure and accessibility, making it an ideal spot for businesses seeking visibility and convenience.
Scenic Surroundings: Enjoy the picturesque beauty of Lake Wendouree just a stone's throw away, offering a tranquil retreat amidst the urban landscape.
Long-Term Tenant: Currently leased to a reliable long-term tenant, ensuring steady returns on your investment from day one.
Development Potential: With the flexibility to subdivide or develop subject to council approval (STCA), this property offers endless possibilities for expansion and growth.
Whether you're an astute investor looking to add to your portfolio or a savvy entrepreneur seeking the perfect location for your business venture, this property ticks all the boxes. Don't miss out on this rare opportunity to secure your foothold in Ballarat's thriving commercial landscape! Contact Damian Larkin on 0417 088 755 for more informartion.
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Property Details for 851-853 Howitt St, Wendouree

Building Type
Land
Land Size
1993m2

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About Wendouree 3355

The size of Wendouree is approximately 9.6 square kilometres. It has 23 parks covering nearly 12.5% of total area. The population of Wendouree in 2011 was 10,597 people. By 2016 the population was 10,452 showing a population decline of 1.4% in the area during that time. The predominant age group in Wendouree is 20-29 years. Households in Wendouree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wendouree work in a labourer occupation. In 2011, 59.2% of the homes in Wendouree were owner-occupied compared with 56.6% in 2016.

Wendouree has 6,581 properties. Over the last 5 years, Houses in Wendouree have seen a 31.78% increase in median value, while Units have seen a 42.36% increase. As at 31 July 2024:

  • The median value for Houses in Wendouree is $415,829 while the median value for Units is $353,562.
  • Houses have a median rent of $380 while Units have a median rent of $320.
There are currently 46 properties listed for sale, and 34 properties listed for rent in Wendouree on OnTheHouse. According to CoreLogic's data, 255 properties were sold in the past 12 months in Wendouree.

Suburb Insights for Wendouree 3355

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Damian Larkin
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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.