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Sold on 12 Sep 2024 - Price Unavailable

150-152 Barkly Street
Ararat VIC 3377

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 429m2
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Property Details for 150-152 Barkly St, Ararat

Building Type
Commercial
Land Size
429m2
Local Government
Ararat
Lot/Plan
4~D/PP5017

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

A timeline of how this property has performed in the market
Last Sold
12 Sep 2024
  • 12 Sep 2024
    Sold
  • 11 Jul 2024
    Listed for Sale $570,000 - $595,000

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About 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 4,706 properties. Over the last 5 years, Houses in Ararat have seen a 70.93% increase in median value, while Units have seen a 57.67% increase. As at 30 September 2024:

  • The median value for Houses in Ararat is $341,798 while the median value for Units is $307,862.
  • Houses have a median rent of $380 while Units have a median rent of $338.
There are currently 46 properties listed for sale, and 10 properties listed for rent in Ararat on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Ararat.

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