86-88 Main Road, Bakery Hill, VIC 3350 | Commercial for sale | OnTheHouse
 
FOR SALE
$645,000 - $675,000

86-88 Main Road
Bakery Hill VIC 3350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 200m2
Land area: 325m2
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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 Details for 86-88 Main Rd, Bakery Hill

Building Type
Commercial
Floor Size
200m2
Land Size
325m2
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About 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 319 properties. Over the last 5 years, Houses in Bakery Hill have seen a 9.58% increase in median value, while Units have seen a 31.07% increase. As at 30 April 2026:

  • The median value for Houses in Bakery Hill is $709,774 while the median value for Units is $594,200.
  • Houses have a median rent of $450 while Units have a median rent of $458.
There are currently 2 properties listed for sale, and 1 property listed for rent in Bakery hill on OnTheHouse. According to Cotality's data, 15 properties were sold in the past 12 months in Bakery hill.

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Sam Borner
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Sam Mckeegan
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