367 Barkly StreetArarat VIC 3377
Property Details for 367 Barkly St, Ararat
Last Listing description (November 2019)
The beautifully presented Ararat Motor Inn provides an excellent opportunity for the hands on operator looking for a very profitable motel. Located in a town that is absolutely booming, thanks to long term infrastructure projects requiring ongoing maintenance and management.
- Rooms only operation, no restaurant.
- Long 26-year lease with market rent reviews.
- Spacious five bedroom, two storey residence with two large living areas and large kitchen/dining.
- Located in an excellent town with exceptional forward demand.
- Property inspections are by appointment only
Property History for 367 Barkly St, Ararat, VIC 3377
- 15 Nov 2023Sold for $240,000
- 02 Oct 2019Listed for Sale $870,000
- 02 Jul 2019Listed for Sale $870,000
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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 4,707 properties. Over the last 5 years, Houses in Ararat have seen a 80.54% increase in median value, while Units have seen a 59.65% increase. As at 31 August 2024:
- The median value for Houses in Ararat is $352,556 while the median value for Units is $299,169.
- Houses have a median rent of $383 while Units have a median rent of $330.
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