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Sold on 29 Oct 2024 for $800,000

95 Mair Street E
Ballarat East VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 101m2
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Property Details for 95 Mair St E, Ballarat East

Building Type
Commercial
Floor Size
101m2
Local Government
Ballarat
Lot/Plan
10~G3/PP5031

Last Listing description (October 2024)

Step into a world of opportunity with 95 Mair Street East, Ballarat East. This beautifully presented boutique property is not just a building, but a canvas for your commercial vision. Located in the heart of Ballarat's Central Business District, it offers a unique blend of historical charm and modern comforts.

The property features high ceilings and charming character, seamlessly blending with all modern comforts to create a sophisticated and relaxing space. The interior boasts 4 reverse cycle split system units and a fully functioning period open fireplace, adding an art deco twist to the interior design.

The stunning bathroom facilities cater to all needs, ensuring comfort for staff and clients alike. The current kitchen is well set up for catering for wine bar and finger food style dining and can easily be upgraded for use as a full restaurant with its existing gas connection fittings and extractor fan for easy installation of a commercial oven.

Two minutes drive from Ballarat CBD, Ballarat's food precinct and just a short walk from the train station, this property makes for an easy commute. Additionally, the large on-site private car park and freely available nearby on-street parking ensure ample space for all. This is an added bonus when operating as a function venue. Its close proximity to other businesses, schools and residences add to the prime location.

Zoned Mixed Business Use this property offers endless possibilities for use including:
• Café, Restaurant, Wine bar
• Wedding/function venue (possibly complementing one of the above)
• A creative space- Arts, Music
• Stylish offices- Legal, Real Estate, Medical/Consulting'

The north-facing al-fresco area offers a unique private and secluded space, highly sought after for weddings and bridal functions and is very popular for outdoor dining and live music. The ambience set by the established garden, including mature magnolias and the stunning Virginia creeper, creates an amazing space.

Don't miss this chance to own a piece of prime commercial real estate in Ballarat East. Contact us today to book your inspection.

Ballarat's Best-Selling Team

Property History for 95 Mair St E, Ballarat East, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$800,000
29 Oct 2024
Listed for Rent
$25k/w
04 Oct 2014
  • 29 Oct 2024
    Sold for $800,000
  • 19 Jun 2024
    Listed for Sale $795,000 - $845,000
  • 20 Nov 2018
    Listed for Sale $690,000 - $740,000 + GST if applicable
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About Ballarat East 3350

The size of Ballarat East is approximately 6 square kilometres. It has 15 parks covering nearly 21% of total area. The population of Ballarat East in 2011 was 5,308 people. By 2016 the population was 5,612 showing a population growth of 5.7% in the area during that time. The predominant age group in Ballarat East is 20-29 years. Households in Ballarat East are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballarat East work in a professional occupation. In 2011, 60% of the homes in Ballarat East were owner-occupied compared with 56.7% in 2016.

Ballarat East has 3,647 properties. Over the last 5 years, Houses in Ballarat East have seen a 26.56% increase in median value, while Units have seen a 16.24% increase. As at 31 October 2024:

  • The median value for Houses in Ballarat East is $465,232 while the median value for Units is $369,668.
  • Houses have a median rent of $400 while Units have a median rent of $380.
There are currently 48 properties listed for sale, and 11 properties listed for rent in Ballarat east on OnTheHouse. According to CoreLogic's data, 163 properties were sold in the past 12 months in Ballarat east.

Suburb Insights for Ballarat East 3350

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Catharina Darken
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Michael Darken
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PRD Real Estate Ballarat
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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.