SOLD
Sold on 08 Jun 2024 for $865,000

509 Main Road
Golden Point VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 488m2
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Property Details for 509 Main Rd, Golden Point

Building Type
Commercial
Land Size
488m2
Local Government
Ballarat
Lot/Plan
1/TP437721

Last Listing description (October 2023)

Colliers Ballarat are delighted to offer to market 509 Main Road, Golden Point. This is a sensational opportunity to secure a property in this tightly held pocket of Ballarat, directly opposite one of Victoria's best known tourism attractions. 509 Main Road has long been a staple of this popular location, currently the home of very popular Emma's Bakery.
- Returning $55,000 per annum net rent
- New 5 year Lease with options to 2031

- Tenant pays all the usual outgoings
- Drive around access
- Off street parking
- High profile location opposite Ballarat national tourist attraction Sovereign Hill
- Flexible Mixed Use Zoning

For sale: $950,000

For further information, please contact Colliers agents Charles Kennedy on 0431 914 778 or Lauchlan Waddell on 0407 520 725.

*Approximately

Property History for 509 Main Rd, Golden Point, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$865,000
08 Jun 2024
  • 08 Jun 2024
    Sold for $865,000
  • 25 Aug 2023
    Listed for Sale $950,000
  • 21 Jul 2022
    Sold for $780,000
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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 1,413 properties. Over the last 5 years, Houses in Golden Point have seen a 27.01% increase in median value, while Units have seen a 17.18% increase. As at 31 October 2024:

  • The median value for Houses in Golden Point is $486,818 while the median value for Units is $335,979.
  • Houses have a median rent of $370 while Units have a median rent of $353.
There are currently 12 properties listed for sale, and 4 properties listed for rent in Golden point on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Golden point.

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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.