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.
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 6,312 properties. Over the last 5 years, Houses in Sebastopol have seen a 30.05% increase in median value, while Units have seen a 29.14% increase. As at 31 October 2024:
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