201-203 Sturt StreetBallarat Central VIC 3350
Property Details for 201-203 Sturt St, Ballarat Central
Last Listing description (December 2024)
Colliers are delighted to offer For Sale this outstanding corner investment that is sure to be the crowning jewel in any investment portfolio. Securely leased to Allan Bros Jewellers who have called this iconic location home since the 1967 and remain on a renewed 5 year term till November 2028. Situated on Ballarat's iconic heritage intersection of Sturt Street and Lydiard Street, the property is mere footsteps from Ballarat Town Hall, Heritage and Arts precinct and Ballarat's bustling food precinct. Now is your opportunity to secure this truly unique investment opportunity for your portfolio, contact exclusive selling agents to discuss further.
- NET rental of $51,350 per annum*
- 5 year term commencing November 2023
- Ornate corner building
- Long standing tenant since 1967
- Total building area of 247m*
For Sale: $895,000 + GST
For further information, please contact Colliers agents Lauchlan Waddell on 0407 520 725 or Charles Kennedy on 0431 914 778 and Colliers Asian Markets agent Yvonne Zhou on 0415 100 831.
*Approximately.
Property History for 201-203 Sturt St, Ballarat Central, VIC 3350
- 25 Oct 2024Listed for Sale $895,000 + GST
- 02 Oct 2024Sold for $825,000
- 02 Feb 2006Listed for Rent - Price not available
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About Ballarat Central 3350
The size of Ballarat Central is approximately 3.8 square kilometres. It has 5 parks covering nearly 3.7% of total area. The population of Ballarat Central in 2011 was 5,464 people. By 2016 the population was 5,333 showing a population decline of 2.4% in the area during that time. The predominant age group in Ballarat Central is 20-29 years. Households in Ballarat Central are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballarat Central work in a professional occupation. In 2011, 56.8% of the homes in Ballarat Central were owner-occupied compared with 56.9% in 2016.
Ballarat Central has 4,392 properties. Over the last 5 years, Houses in Ballarat Central have seen a 20.83% increase in median value, while Units have seen a 24.85% increase. As at 30 November 2024:
- The median value for Houses in Ballarat Central is $632,760 while the median value for Units is $384,041.
- Houses have a median rent of $410 while Units have a median rent of $360.
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