70 Vincent StreetArarat VIC 3377
Property Details for 70 Vincent St, Ararat
Last Listing description (June 2024)
This commercial property in Ararat's bustling CBD presents a compelling opportunity for investors, developers, or owner-occupiers alike:
Prime Location: Situated in a highly sought-after area on Vincent Street (the Pyrenees Highway), near key intersections with Barkly Street and the Western Highway. Being in the same block as prominent retailers like Harvey Norman, IGA, and Aldi guarantees significant passing traffic and exposure.
Versatile Building: Lot 2 features a solid building spanning approximately 140 square meters. It includes a showroom/reception area with large display windows, multiple offices, storage spaces, staff amenities, and a large multipurpose workshop or warehouse storage room at the rear. The property also boasts impressive features such as new split-system air conditioners and a rendered underneath cellar.
Solid Construction: Constructed with extremely sound solid brick, hardwood timber bearers, joists, and flooring on solid brick piers, with a gable-pitched ceiling featuring clear span web trusses. This ensures durability and stability, making it suitable for various uses.
Adjacent Vacant Land: Lot 3 offers approximately 679 square meters of vacant land, providing additional development potential or space for expansion, subject to relevant approvals.
Parking: The property offers convenient front street parking for customers and rear off-laneway parking for staff, enhancing accessibility and convenience.
Diverse Usage Potential: The versatility of the building allows for many potential uses, catering to a wide range of businesses or development opportunities.
Overall, this property represents a valuable investment opportunity in a high-demand location, offering flexibility, stability, and potential for growth. Whether for investment purposes, development projects, or as a premises for an owner-operated business, this property is certainly worth considering.
Property History for 70 Vincent St, Ararat, VIC 3377
- 03 May 2024Sold for $350,000
- 12 Feb 2024Listed for Sale Price Range $375,000 - $395,000
- 02 Jun 2020Listed for Sale $310,000 - $340,000
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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 4,715 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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