103 Barkly Street, Ararat, VIC 3377 sold on 02 April 2025 | OnTheHouse
 
SOLD
Sold on 02 Apr 2025 for $410,000

103 Barkly Street
Ararat VIC 3377

Bedrooms: -
Bathrooms: -
Car spaces: -
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Property Details for 103 Barkly St, Ararat

Building Type
Commercial
Local Government
Ararat
Lot/Plan
17~F/PP5017

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

A timeline of how this property has performed in the market
Last Sold
$410,000
02 Apr 2025
  • 30 Aug 2018
    Sold for $261,000
  • 22 Jun 2018
    Listed for Sale Range $240,000 - $260,000
  • 10 Aug 2015
    Listed for Rent $2000 per month
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About 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 61.16% increase in median value, while Units have seen a 41.72% increase. As at 31 December 2025:

  • The median value for Houses in Ararat is $397,348 while the median value for Units is $277,840.
  • Houses have a median rent of $393 while Units have a median rent of $350.
There are currently 48 properties listed for sale, and 10 properties listed for rent in Ararat on OnTheHouse. According to Cotality's data, 243 properties were sold in the past 12 months in Ararat.

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