OFF MARKET

702 Norman Street
Invermay Park VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 87m2
Land area: 659m2
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Property Details for 702 Norman St, Invermay Park

Building Type
Commercial
Year Built
1900
Floor Size
87m2
Land Size
659m2
Local Government
Ballarat
Lot/Plan
3/TP5673

Last Listing description (May 2021)

Brand new medical centre offered for Sale or Lease - corner landholding in growth corridor within the thriving town of Ballarat. This is a very prominent corner location opposite Northway shopping facilities, Terry White Chemmart Pharmacy, public transport and just moments from the Ballarat CBD, Stockland Shopping Centre, Hailey House Hostel and Stockland Midlands Terrace Retirement Village. Land area 1392m2, building area 370m2 and permit granted for 7 practitioners plus 23 carparks. Potential rental return of $130,000 pa + gst. Inquire today, plans & permits available on request.
Features included within the complex are:
* 7 Medical Suites

* Allied Health Rooms
* Treatment Rooms
* 23 Car Parks
* Storage areas
* Reception areas

Property History for 702 Norman St, Invermay Park, VIC 3350

A timeline of how this property has performed in the market
Last Transferred
21 Aug 2015
Listed for Rent
$6/w
14 May 2021
  • 26 Nov 2019
    Listed for Sale $900,000-$990,000
  • 26 Nov 2019
    Listed for Rent $300 / year
  • 28 Jun 2018
    Listed for Rent $220 / week
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About Invermay Park 3350

The size of Invermay Park is approximately 2.5 square kilometres. It has 3 parks covering nearly 25.7% of total area. The population of Invermay Park in 2011 was 1,881 people. By 2016 the population was 1,826 showing a population decline of 2.9% in the area during that time. The predominant age group in Invermay Park is 10-19 years. Households in Invermay Park are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Invermay Park work in a professional occupation. In 2011, 88% of the homes in Invermay Park were owner-occupied compared with 87.4% in 2016.

Invermay Park has 865 properties. Over the last 5 years, Houses in Invermay Park have seen a 30.19% increase in median value, while Units have seen a 16.36% increase. As at 30 September 2024:

  • The median value for Houses in Invermay Park is $624,731 while the median value for Units is $380,786.
  • Houses have a median rent of $480 while Units have a median rent of $310.
There are currently 9 properties listed for sale, and 1 property listed for rent in Invermay park on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Invermay park.

Suburb Insights for Invermay Park 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.