OFF MARKET

2124 Glenelg Highway
Lake Bolac VIC 3351

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3038m2
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Property Details for 2124 Glenelg Hwy, Lake Bolac

Building Type
Commercial
Land Size
3038m2
Local Government
Ararat
Lot/Plan
2/PS526099

Last Listing description (August 2018)

Colliers International is pleased to exclusively offer via Expressions of Interest, a regional retail investment opportunity in Lake Bolac VIC. The property presents a great opportunity to acquire an affordable income with security around its income.
Located in one of the richest wheat growing and cattle breading areas of regional Victoria, 2124 Glenelg Highway, Lake Bolac offers a conventional BP fuel supplied service station with convenience store and residential occupancy.
Investment Highlights Include:

- Approximate Net income of $101,664 as of 1 May 2018.
- Extremely well-positioned with double frontage to Glenelg Highway & Mortlake-Ararat Road.
- Immediate access to Glenelg Highway, a major thoroughfare linking Ballarat to the East and Hamilton to the West.
- Strategic corner position which will benefit from any future suburb urbanisation of Lake Bolac.
For Sale via Expressions of Interest closing Thursday, 31st May 2018 at 3pm (AEDT)
For more information, please contact the exclusive selling agents:
Raphael Favas
0435 916 380
Nick Estephen
0488 748 186

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Property History for 2124 Glenelg Hwy, Lake Bolac, VIC 3351

A timeline of how this property has performed in the market
Last Sold
$400,000
24 Aug 2015
  • 10 May 2018
    Listed for Sale By Negotiation
  • 24 Aug 2015
    Sold for $400,000
  • 01 Aug 2011
    Sold for $350,000
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About Lake Bolac 3351

The size of Lake Bolac is approximately 265.3 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Lake Bolac in 2011 was 478 people. By 2016 the population was 335 showing a population decline of 29.9% in the area during that time. The predominant age group in Lake Bolac is 50-59 years. Households in Lake Bolac are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Lake Bolac work in a managers occupation. In 2011, 75% of the homes in Lake Bolac were owner-occupied compared with 74.7% in 2016.

Lake Bolac has 283 properties.

    There are currently 5 properties listed for sale, and no properties listed for rent in Lake bolac on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Lake bolac.

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