507 Main RoadGolden Point VIC 3350
Property Details for 507 Main Rd, Golden Point
Last Listing description (November 2023)
Colliers Ballarat is delighted to offer for sale on behalf of our valued private clients 507 Main Road. Pizza Hut has been trading from this iconic location since 1998 and have a secure 3 year lease in place with options through to 2034. Don't miss your opportunity to secure this landmark investment opposite Sovereign Hill and close to the Ballarat's CBD and Federation University.
- Total building area of 118sqm* with a total land area of 305sqm* plus crown land lease of 164sqm*
- NET income of $35,926.07* per annum
- Options to September 2034
- Favourable CPI annual reviews, market reviews upon uptake of options
- Pizza Hut, the largest global pizza chain with over 12,000 Restaurants and Delivery Units worldwide, including approximately 270 stores across Australia.
- Located opposite the national tourism attraction, Sovereign Hill and close to Federation University and Ballarat CBD.
For sale via auction Friday 1 December 2023 at 12noon on-site.
For further information, please contact Colliers agents Lauchlan Waddell on 0407 520 725, James Lawson on 0488 167 173 or Charles Kennedy on 0431 914 778.
*Approximately.
Property History for 507 Main Rd, Golden Point, VIC 3350
- 01 Dec 2023Sold for $680,000
- 02 Nov 2023Listed for Sale For sale via auction Friday 1 December 2023
- 31 Oct 2009Listed for Sale PRICE: $238,000 + SAV EST $5,000
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About Golden Point 3350
The size of Golden Point is approximately 1.9 square kilometres. It has 6 parks covering nearly 27.9% of total area. The population of Golden Point in 2011 was 2,186 people. By 2016 the population was 2,094 showing a population decline of 4.2% in the area during that time. The predominant age group in Golden Point is 20-29 years. Households in Golden Point are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Golden Point work in a professional occupation. In 2011, 60.1% of the homes in Golden Point were owner-occupied compared with 56.4% in 2016.
Golden Point has 1,407 properties. Over the last 5 years, Houses in Golden Point have seen a 28.87% increase in median value, while Units have seen a 32.48% increase. As at 31 July 2024:
- The median value for Houses in Golden Point is $486,771 while the median value for Units is $365,213.
- Houses have a median rent of $360 while Units have a median rent of $350.
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