SOLD
Sold on 14 Jun 2024 for $18,000,000

333 Gillies Street N
Wendouree VIC 3355

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 18606m2
Land area: 37585m2
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Property Details for 333 Gillies St N, Wendouree

Building Type
Rural
Floor Size
18606m2
Land Size
37585m2
Local Government
Ballarat
Lot/Plan
2/PS449912

Last Listing description (March 2015)

Strong Performing Regional Homemaker Centre
Established large format retail centre featuring new leases to several national groups including Spotlight, Anaconda and Fantastic Furniture
Modern buildings with significant depreciation benefits featuring a GLA of 18,606sqm* on substantial site of 4.873 ha* and providing excellent at grade car parking for 551* vehicles

Highly accessible and strategic location within a prime retail precinct with significant frontage to major arterial roadway opposite Stockland Wendouree Sub regional Shopping Centre
Strong existing catchment area with a current MTA estimated at 155,000 residents**
Robust trade area growth forecast with total homemaker expenditure growing at an average of 3.6% pa until 2026**
Only dedicated Homemaker Centre within the region**
Estimated Net Income (fully leased) of $2,745,717* pa + GST
* Approx.
** MacroPlanDimasi
FOR SALE VIA EXPRESSIONS OF INTEREST
Closing 4pm (AEST) on Wednesday 21st May 2014

Property History for 333 Gillies St N, Wendouree, VIC 3355

A timeline of how this property has performed in the market
Last Sold
$18,000,000
14 Jun 2024
Listed for Rent
27 Mar 2015
  • 14 Jun 2024
    Sold for $18,000,000
  • 06 Jan 2022
    Transferred
  • 14 Oct 2014
    Sold for $27,100,000
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About Wendouree 3355

The size of Wendouree is approximately 9.6 square kilometres. It has 23 parks covering nearly 12.5% of total area. The population of Wendouree in 2011 was 10,597 people. By 2016 the population was 10,452 showing a population decline of 1.4% in the area during that time. The predominant age group in Wendouree is 20-29 years. Households in Wendouree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wendouree work in a labourer occupation. In 2011, 59.2% of the homes in Wendouree were owner-occupied compared with 56.6% in 2016.

Wendouree has 6,576 properties. Over the last 5 years, Houses in Wendouree have seen a 29.30% increase in median value, while Units have seen a 38.09% increase. As at 30 September 2024:

  • The median value for Houses in Wendouree is $411,081 while the median value for Units is $339,645.
  • Houses have a median rent of $380 while Units have a median rent of $326.
There are currently 39 properties listed for sale, and 16 properties listed for rent in Wendouree on OnTheHouse. According to CoreLogic's data, 274 properties were sold in the past 12 months in Wendouree.

Suburb Insights for Wendouree 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.