Property Details for 86-88 Main Rd, Bakery Hill
Last Listing description (June 2026)
Over 6.5% yield - Prime Commercial & Residential Asset
RWC Ballarat is proud to present 86-88 Main Road & 22 Porter Street, Bakery Hill - a rare and exceptional dual-income freehold investment occupying a strategic position on the immediate fringe of the Ballarat CBD. Combining a beautifully presented, high-traffic retail/cafe storefront with a spacious, separate residential residence. This dual-occupancy property represents a premier portfolio addition for savvy investors.
The property delivers a dual-stream income profile with distinct commercial and residential assets under a single freehold title, returning an immediate yield with stable tenancies in place.
Secure Dual-Income Profile:
86-88 Main Road (Commercial Retail) - Currently operating as the popular local eatery "Just Like Nans," this high-exposure commercial space features a functional restaurant floor complete with a fireplace, character elements, an integrated commercial kitchen layout and customer amenities. Leased on a new 3 year lease at $22,000 per annum + Outgoings.
22 Porter Street (Residential Apartment) - Positioned with independent rear access, this substantial two-bedroom residence balances central convenience with private comfort. The interior features an open living room, functional dining space, kitchen, an additional dedicated study, a laundry room and a modern central bathroom. Leased at $420 per week.
Whether you are looking to secure a high-exposure storefront for future operations while collecting residential rent, or simply searching for a high-performing commercial asset with strong capital growth potential on the Ballarat CBD fringe, this dual-frontage gem is an absolute standout.
Property History for 86-88 Main Rd, Bakery Hill, VIC 3350
- 01 Jun 2026Listed for Sale $645,000 - $675,000
- 03 Oct 2024Listed for Sale Retail Shop plus Back Resident $700,000-750,000
- 19 Jun 2024Listed for Sale Retail Shop plus Back Resident $780,000-$800,000
Recent sales nearby
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0About Bakery Hill 3350
The size of Bakery Hill is approximately 0.2 square kilometres. There are 2 parks within the area. The population of Bakery Hill in 2016 was 164 people. By 2021 the population was 180 showing a population growth of 9.8% in the area during that time. The predominant age group in Bakery Hill is 20-29 years. Households in Bakery Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bakery Hill work in a professional occupation.In 2021, 43.60% of the homes in Bakery Hill were owner-occupied compared with 46.70% in 2016.
Bakery Hill has 321 properties. Over the last 5 years, Houses in Bakery Hill have seen a 0.30% increase in median value, while Units have seen a 33.95% increase. As at 30 June 2026:
- The median value for Houses in Bakery Hill is $712,600 while the median value for Units is $629,893.
- Houses have a median rent of $450 while Units have a median rent of $465.
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