OFF MARKET

31-47 Victoria Street
Bakery Hill VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 98m2
Land area: 1268m2
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Property Details for 31-47 Victoria St, Bakery Hill

Building Type
Commercial
Floor Size
98m2
Land Size
1268m2
Local Government
Ballarat
Lot/Plan
CP159682

Last Listing description (April 2023)

- Two lots with multiple titles (Pease St between lots)
- First lot is 425sqm* with 325sqm* building leased to Pizza Hut
- Returning $134,000pa net rent on periodic lease

- Tenant wants a new lease and willing to surrender use of the car park
- Second lot is vacant car park opposite building of 850sqm*
- Terrific location on gateway entry to Ballarat CBD
- Neighbours include Australian Post, McDonalds, Pet Stock with Bakery Hill medical and retail businesses
- Owner occupy, invest or develop, the choice is yours
- Zoned Commercial 1

For sale via expressions of interest closing Tuesday 4 April at 4pm.

For further information, please contact Colliers agents Charles Kennedy on 0431 914 778, Lauchlan Waddell on 0407 520 725 or Bowen Kemp on 0457 239 549.

*Approximately.

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Property History for 31-47 Victoria St, Bakery Hill, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$1,725,000
25 Aug 2004
  • 01 Mar 2023
    Listed for Sale Expressions of interest closing 4 April 2023
  • 25 Aug 2004
    Sold for $1,725,000
  • 25 Aug 2004
    Sold for $172,500
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About 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 319 properties. Over the last 5 years, Houses in Bakery Hill have seen a 25.49% increase in median value, while Units have seen a 50.48% increase. As at 30 September 2024:

  • The median value for Houses in Bakery Hill is $609,738 while the median value for Units is $456,508.
  • Houses have a median rent of $463.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Bakery hill on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Bakery hill.

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