103 Barkly StreetArarat VIC 3377
Property Details for 103 Barkly St, Ararat
Last Listing description (August 2018)
Sound Commercial Retail investment
Opportunity here for the astute Investor. This property is a fantastic, reliable & well performing Commercial Rental Investment located in the heart of Ararat's busy CBD. Investors can have confidence investing in this great Retail Commercial property due to a successful tenant business trading for the last 3 years and recently renewed their lease for a further 3 year term with an extra 2 x 3 year options and a 3.5% rent increase pending.
Features worth considering are: Location: Fantastic, close to Westpac & ANZ banks, Post Office, Cafes & Restaurants. Rent: $20,000 (increasing to $20,700 in October 2018). Return: 8-8.5% yield approx. Term: Tenant renewed for further 3 years. Options: 3 + 3 extra years. Reviews: To market & CPI annually during term. Building: Solid & Sound Brick building around 238 sq.m. approx. comprising large retail showroom area, 4-5 offices, Boardroom, Data & archive storage utility rooms, Service/Plant room, M&F toilets, Staff room & kitchenette, access from rear laneway. Flexibility for Retail, Offices, or Service Industry so would suit many uses. This property has been well held by the current owner for a long period and now is a perfect time to capitalise on Ararat's growth. Invest Now. Enquiries strictly with appointed Agents.
Property History for 103 Barkly St, Ararat, VIC 3377
- 30 Aug 2018Sold for $261,000
- 22 Jun 2018Listed for Sale Range $240,000 - $260,000
- 10 Aug 2015Listed for Rent $2000 per month
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0About Ararat 3377
The size of Ararat is approximately 161.2 square kilometres. It has 25 parks covering nearly 14.9% of total area. The population of Ararat in 2016 was 8297 people. By 2021 the population was 8500 showing a population growth of 2.4% in the area during that time. The predominant age group in Ararat is 50-59 years. Households in Ararat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ararat work in a community and personal service occupation.In 2021, 69.70% of the homes in Ararat were owner-occupied compared with 68.10% in 2016.
Ararat has 4,956 properties. Over the last 5 years, Houses in Ararat have seen a 54.14% increase in median value, while Units have seen a 26.10% increase. As at 31 January 2026:
- The median value for Houses in Ararat is $400,979 while the median value for Units is $267,240.
- Houses have a median rent of $390 while Units have a median rent of $350.
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