101-105 Curtis StreetBakery Hill VIC 3350
Property Details for 101-105 Curtis St, Bakery Hill
Last Listing description (May 2011)
Modern Motel Investment
In the heart of Ballarat Central Business District and in close proximity to all retail shops and restaurants as well as being central to Sovereign Hill and Lake Wendouree and all Ballarat???s beautiful attractions.
This almost new property has a building area of approximately 1,220 square metres over two levels comprising a total of 21 rooms including 6 single bedrooms, 4 double bedrooms, 5 single bedroom spa suites and 6 single bedroom lounge suites. In addition there is an indoor swimming pool, reception area, manager???s 2 bedroom residence over two levels as well as ancillary storage and cleaning rooms.
Total land size is 3,370 square metres with the motel currently occupying approximately 50% of the site.
The rear land, with an area of 1,650 square metres is available for further development with a planning permits in place for further for 10 two and three bedroom apartments, this could be altered to combination of offices, apartments further motel units or similar or this lot could be sold off to further increase your yield.
Property History for 101-105 Curtis St, Bakery Hill, VIC 3350
- 06 Jul 2011Sold for $2,250,000
- 09 Apr 2011Listed for Sale 2850000
- 26 Feb 2011Listed for Sale Not Disclosed
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0About Bakery Hill 3350
The size of Bakery Hill is approximately 0.2 square kilometres. It has 2 parks. The population of Bakery Hill in 2011 was 174 people. By 2016 the population was 171 showing a population decline of 1.7% in the area during that time. The predominant age group in Bakery Hill is 20-29 years. Households in Bakery Hill are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Bakery Hill work in a professional occupation. In 2011, 45.1% of the homes in Bakery Hill were owner-occupied compared with 46.7% in 2016.
Bakery Hill has 320 properties. Over the last 5 years, Houses in Bakery Hill have seen a 21.39% increase in median value, while Units have seen a 46.19% increase. As at 31 October 2024:
- The median value for Houses in Bakery Hill is $610,168 while the median value for Units is $456,526.
- Houses have a median rent of $470.
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