SOLD
Sold on 20 Feb 2024 for $1,109,850

56 Albert Street
Sebastopol VIC 3356

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 945m2
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Property Details for 56 Albert St, Sebastopol

Building Type
Commercial
Land Size
945m2
Local Government
Ballarat
Lot/Plan
1/LP118431

Last Listing description (October 2023)

Colliers Ballarat are pleased to offer 56 Albert Street for sale via Expressions of Interest closing Friday 17th November 2023 at 4PM.
This exceptional offering comprises of 959 square metres* of commercial 1 zoned land with a generous frontage of 20 metres* to Midland Highway and an average depth of 46.09 metres*. Erected on the site is a brick constructed commercial offering comprising of 490 square metres* which is split into two separate commercial tenancies.
Positioned within the Sebastopol retail and medical precinct, a pivotal essential services area for Ballarat's western growth corridor, and gateway to Ballarat from Geelong and the Otway region. The surrounding area is a mixture of retail, hospitality and medical occupiers ranging from national brands to iconic local businesses. This is your opportunity to get into this tightly held pocket of Ballarat and establish your position for future growth.


Highlights:
- Total land area of 959sqm*
- Total building area of 490sqm* over 2 tenancies
- Frontage of 20 metres* to Midland Highway
- Partially leased with income of $27,318.24pa
- Well suited to office, retail or medical (STCA)
- All on 1 title
- Commercial 1 zoned

For sale via Expressions of Interest closing Friday November 17 at 4pm (AEST).

For further information, please contact Colliers agents Lauchlan Waddell on 0407 520 725, Charles Kennedy on 0431 914 778 or James Lawson on 0488 167 173.

*Approximately

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Property History for 56 Albert St, Sebastopol, VIC 3356

A timeline of how this property has performed in the market
Last Sold
$1,109,850
20 Feb 2024
Listed for Rent
$209/w
18 Sep 2023
  • 20 Feb 2024
    Sold for $1,109,850
  • 06 Oct 2023
    Listed for Sale Expressions of Interest closing Friday 17 November
  • 08 May 2023
    Listed for Rent $209 / year
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About Sebastopol 3356

The size of Sebastopol is approximately 8.5 square kilometres. It has 15 parks covering nearly 6.1% of total area. The population of Sebastopol in 2011 was 9,398 people. By 2016 the population was 10,020 showing a population growth of 6.6% in the area during that time. The predominant age group in Sebastopol is 20-29 years. Households in Sebastopol are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sebastopol work in a trades occupation. In 2011, 61.3% of the homes in Sebastopol were owner-occupied compared with 55.6% in 2016.

Sebastopol has 6,370 properties. Over the last 5 years, Houses in Sebastopol have seen a 29.43% increase in median value, while Units have seen a 30.88% increase. As at 30 November 2024:

  • The median value for Houses in Sebastopol is $408,720 while the median value for Units is $314,437.
  • Houses have a median rent of $380 while Units have a median rent of $350.
There are currently 53 properties listed for sale, and 18 properties listed for rent in Sebastopol on OnTheHouse. According to CoreLogic's data, 296 properties were sold in the past 12 months in Sebastopol.

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