OFF MARKET

321 High Street
Learmonth VIC 3352

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1493m2
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Property Details for 321 High St, Learmonth

Building Type
Commercial
Land Size
1493m2
Local Government
Ballarat
Lot/Plan
1/TP365629

Last Listing description (January 2022)

Situated only 20 minutes from Ballarat in the lovely township of Learmonth is Caf Sidra representing an outstanding business opportunity for the astute buyer.

Caf Sidra is more than a Caf. The current owners have worked hard over the past five years to build a business that represents the heart and the hub of this community, and now its time for someone to carry on with the growth and opportunity Sidra represents.


Sidra is a Caf providing great food and coffee to the local community and travellers on the Sunraysia highway and is the first real Caf stop for travellers from Melbourne to the Pyrenees and beyond.

But sidra is also a restaurant with demand for fine dining increasing in the community providing a new direction moving forward.

Sidra is also about the events.

With a licence for 290 patrons at the rear of the Caf with own wood fired pizza oven, it is strategically set for large functions and weddings the astute operator can take advantage of.

Covid 19 interrupted the plans of a cider festival that was set to provide a new destination event with promises of more to come.

Sidra over the past 2 years has had some great turnover and is set to continue this upward trend and is offering a business owner plenty of scope to grow and take advantage of the groundwork and foundations built by the current owners.

On offer is not only a great business but a lifestyle to boot. Learmonth is an up-and-coming community seeing some great growth and a community spirit. Set on a beautiful iconic lake amongst rolling ancient volcanic hills and is set as the gateway to the wine region of the Pyrenees.

A lease is in place until 2023 with a 3-year option and opportunity to renegotiate a further term.

Most of the equipment is leased with the Caf, but comes with French caf/Bistro furniture, glassware, crockery, serving ware etc.

An inspection is welcome of Caf Sidra and is a business with enormous potential for the right operator to run it in its current form and take it to the next level with events and weddings awaiting to be taken advantage of.

Call Matthew for further information

Property History for 321 High St, Learmonth, VIC 3352

A timeline of how this property has performed in the market
Last Transferred
17 Jun 2014
  • 18 Nov 2021
    Listed for Sale $245000
  • 17 Jun 2014
    Transferred
  • 17 Jun 2014
    Transferred
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About Learmonth 3352

The size of Learmonth is approximately 38.6 square kilometres. The population of Learmonth in 2011 was 301 people. By 2016 the population was 436 showing a population growth of 44.9% in the area during that time. The predominant age group in Learmonth is 60-69 years. Households in Learmonth are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Learmonth work in a trades occupation. In 2011, 74.6% of the homes in Learmonth were owner-occupied compared with 78.8% in 2016.

Learmonth has 268 properties. Over the last 5 years, Houses in Learmonth have seen a 68.71% increase in median value. As at 31 October 2024:

  • The median value for Houses in Learmonth is $581,297 while the median value for Units is $231,756.
There are currently 2 properties listed for sale, and no properties listed for rent in Learmonth on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Learmonth.

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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.