62 High StreetArarat VIC 3377
Property Details for 62 High St, Ararat
Last Listing description (September 2024)
Commercial Investment opportunity in a prime location.
Secure Rental Investment leased to Government Funded Tenant.
Rent $43,704.83 p.a. + GST + outgoings.
Recent lease renewal.
Extremely low maintenance & low risk investing.
Solid double brick construction with open plan & 7 separate offices.
Fantastic office complex with a modern office fitout & staff amenities.
7 car parking spaces on site.
Constructed in 2004 by Ararat's reputable commercial builder RP Jensen.
Great location in the centre of Ararat's Commercial precinct.
Fronting the busy Western Highway.
Adjacent to an attractive garden streetscape and many key prominent businesses.
Property History for 62 High St, Ararat, VIC 3377
- 30 Sep 2024Sold
- 20 Sep 2024Listed for Sale Buyer Range $685,000-$750,000
- 20 Sep 2023Listed for Sale Buyer Range $685,000-$750,000
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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 4,716 properties. Over the last 5 years, Houses in Ararat have seen a 73.38% increase in median value, while Units have seen a 65.45% increase. As at 31 October 2024:
- The median value for Houses in Ararat is $341,066 while the median value for Units is $319,415.
- Houses have a median rent of $380 while Units have a median rent of $340.
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