SOLD
Sold on 06 Jun 2024 for $2,400,000

6 Grenville Street S
Ballarat Central VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: 17
Floor area: 1792m2
Land area: 1786m2
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Property Details for 6 Grenville St S, Ballarat Central

Building Type
Commercial
Year Built
1880
Floor Size
1792m2
Land Size
1786m2
Local Government
Ballarat
Lot/Plan
4/PS544004

Last Listing description (January 2019)

An outstanding ground floor retail opportunity situated in the heart of Ballarat, known as Victoria's third largest city and home to substantial tourism and hospitality.
This iconic 1850s investment is securely leased to the award winning Beechworth Bakery on the corner of Grenville and Lewis streets on a 5 + 5 Year term.
The former Water Board building has undergone a major transformation as part of the initial opening, which has included some demolition, renovation, painting, seating, installation of new counters and shop fittings, kitchen work and internal and external signage.

Features include:
- Ground Floor Retail Space
- Iconic Beechworth Bakery Tenant since 2006
- Building Area: 482sqm approx
- Land Area: 1,792sqm approx
- Net Rental: $157,125 Per Annum + GST
- Lease Term: 5 + 5 Commencing 2016
- Ample On-Site Car Parking: 17 Spaces on Title
- Prime Exposure to Grenville Street and Lewis Street
- Central to the Ballarat CBD Retail Precinct
- Front and Rear Access to the Premises
- Beechworth Bakery is NOT FOR SALE
For further information please contact Hudson Bond Commercial on 9840 7700.

Property History for 6 Grenville St S, Ballarat Central, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$2,400,000
06 Jun 2024
  • 06 Jun 2024
    Sold for $2,400,000
  • 24 Oct 2018
    Sold for $2,390,000
  • 13 Aug 2018
    Listed for Sale SOLD
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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 4,381 properties. Over the last 5 years, Houses in Ballarat Central have seen a 20.22% increase in median value, while Units have seen a 45.78% increase. As at 30 September 2024:

  • The median value for Houses in Ballarat Central is $626,636 while the median value for Units is $409,428.
  • Houses have a median rent of $410 while Units have a median rent of $365.
There are currently 46 properties listed for sale, and 14 properties listed for rent in Ballarat central on OnTheHouse. According to CoreLogic's data, 144 properties were sold in the past 12 months in Ballarat central.

Suburb Insights for Ballarat Central 3350

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.