OFF MARKET

21A Regina Street
Mitchell Park VIC 3355

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3418m2
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Property Details for 21a Regina St, Mitchell Park

Building Type
Commercial
Land Size
3418m2
Local Government
Ballarat
Lot/Plan
8/PS540938

Last Listing description (June 2021)

** SOLD - $1,300,000 **

Gross Waddell ICR, under instructions from Tom Ryan Vendor Advocacy, is delighted to present 21A Regina Street, Ballarat (Mitchell Park) to the market for sale via Expressions of Interest closing Thursday 24th June 2021 at 4pm.

Representing a high yielding investment opportunity in Victoria's third largest city, the property is leased to Regina Glass Fibre Pty Ltd who have occupied the property since April 1970.

Located in Ballarat's north-western suburb of Mitchell Park amongst many national and international occupiers, the property is within easy reach of Western Fwy access, Ballarat Airport and only some 6km's from the heart of town.

Property features include:
New 7 year lease plus options

Rental $88,000*p.a. net + GST

Leased to longstanding tenant

Sizeable landholding of 3,418sqm*

Industrial 1 Zoning

*Approx.

Property History for 21a Regina St, Mitchell Park, VIC 3355

A timeline of how this property has performed in the market
Last Sold
$1,300,000
30 Jun 2021
  • 30 Jun 2021
    Sold for $1,300,000
  • 26 May 2021
    Listed for Sale Contact Agent
  • 12 Jul 2018
    Sold for $800,000
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About Mitchell Park 3355

The size of Mitchell Park is approximately 19.6 square kilometres. It has 4 parks covering nearly 0.9% of total area. The population of Mitchell Park in 2011 was 752 people. By 2016 the population was 875 showing a population growth of 16.4% in the area during that time. The predominant age group in Mitchell Park is 20-29 years. Households in Mitchell Park are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mitchell Park work in a trades occupation. In 2011, 76.9% of the homes in Mitchell Park were owner-occupied compared with 70.6% in 2016.

Mitchell Park has 601 properties. Over the last 5 years, Houses in Mitchell Park have seen a 31.58% increase in median value, while Units have seen a 11.24% increase. As at 30 November 2024:

  • The median value for Houses in Mitchell Park is $472,159 while the median value for Units is $334,924.
  • Houses have a median rent of $395.
There are currently 7 properties listed for sale, and 1 property listed for rent in Mitchell park on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Mitchell park.

Suburb Insights for Mitchell Park 3355

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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.