150-152 Barkly StreetArarat VIC 3377
Property Details for 150-152 Barkly St, Ararat
Last Listing description (September 2024)
Located in the heart of the Ararat CBD, this wonderful building has just entered into a 5-year lease with the new business owners with 2 further 5-year options to utilise. Currently getting $32,000 per annum with annual CPI increases and potentially getting an additional $14,300 per annum from the other upstairs unit once vacated. This will give an estimated 7.78% return. Set on an approx 429 sqm block this versatile commercial building has flexibility. Downstairs has the retail and commercial space (currently operating as a newsagent and Tattslotto) and upstairs has 2 x 2-bedroom units. Both units have front and rear views overlooking the city and surrounds. There is a double garage at the rear, 2 outside toilets, a shed, and accessible parking from the rear lane. Act now and call the selling agent today on this perfect opportunity for the astute commercial investor.
Property History for 150-152 Barkly St, Ararat, VIC 3377
- 12 Aug 2024Sold for $590,000
- 11 Jul 2024Listed for Sale $570,000 - $595,000
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0About 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 4,733 properties. Over the last 5 years, Houses in Ararat have seen a 65.02% increase in median value, while Units have seen a 64.10% increase. As at 28 February 2025:
- The median value for Houses in Ararat is $355,691 while the median value for Units is $313,867.
- Houses have a median rent of $380 while Units have a median rent of $350.
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