SOLD
Sold on 20 Feb 2024 for $550,000

22-24 Hammer Street
Flora Hill VIC 3550

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 164m2
Land area: 642m2
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Property Details for 22-24 Hammer St, Flora Hill

Building Type
Commercial
Floor Size
164m2
Land Size
642m2
Local Government
Greater Bendigo
Lot/Plan
1/LP62046

Last Listing description (May 2023)

Vacant possession of fully equipped fish and chip shop ready to start your own business! Full list of plant and equipment available on request.

In the heart of Flora Hill situated on a 642sqm block, Hammer Street Take Away has been a household name for years. Providing premium service and quality to the local community.

The opportunity now exists to own the freehold to 22 - 24 Hammer Street. The main building consists of a commercial kitchen, seated dining and waiting area for customers, as well as a large storeroom and office. The property also boasts a 3 bedroom, 1 Bathroom residence at the rear, with secure off street parking for 3 cars as well as a separate storage shed and fully secured back yard.

Rental Appraisal
$1,050pw ($700 fully equipped shop + $350 Residence)
= $54,600pa Inc GST

Property History for 22-24 Hammer St, Flora Hill, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$550,000
20 Feb 2024
  • 20 Feb 2024
    Sold for $550,000
  • 09 Feb 2023
    Listed for Sale NEW PRICE!! $650,000
  • 29 Mar 2022
    Listed for Sale New Price! $699,000 - $750,000
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About Flora Hill 3550

The size of Flora Hill is approximately 2.9 square kilometres. It has 7 parks covering nearly 17.4% of total area. The population of Flora Hill in 2011 was 3,865 people. By 2016 the population was 3,948 showing a population growth of 2.1% in the area during that time. The predominant age group in Flora Hill is 20-29 years. Households in Flora Hill are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Flora Hill work in a professional occupation. In 2011, 50.7% of the homes in Flora Hill were owner-occupied compared with 44.1% in 2016.

Flora Hill has 2,204 properties. Over the last 5 years, Houses in Flora Hill have seen a 49.78% increase in median value, while Units have seen a 39.38% increase. As at 30 September 2024:

  • The median value for Houses in Flora Hill is $560,532 while the median value for Units is $367,739.
  • Houses have a median rent of $440 while Units have a median rent of $400.
There are currently 13 properties listed for sale, and 4 properties listed for rent in Flora hill on OnTheHouse. According to CoreLogic's data, 103 properties were sold in the past 12 months in Flora hill.

Suburb Insights for Flora Hill 3550

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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.