Property Details for 12 Banksia St, Ararat
Last Listing description (April 2026)
Prime Central Location
An outstanding opportunity to secure one of Ararat's most centrally located commercial sites, offering immediate functionality with strong future development potential.
Property Highlights:
• Approximate 500m² building area*
• Commercial 1 Zoning allowing for a range of uses and future redevelopment potential (STCA)
• Dedicated office space at the front of the building
• High-clearance access with large front and rear doors
• Three-phase power connected
• Rear wash bay with drainage
• Secure fenced side yard for additional storage or vehicle access
• Extensive concreted hardstand and storage areas
• Prime central position just one block from the Post Office and Ararat CBD
• Opportunity to invest, land bank & redevelop in a tightly held central location (STCA)
• New 2x2x2 lease to commeneve May 2026 $495 per week with annual increments
• Tenant is responsible for 100% outgoings (except land tax).
For further details or to arrange an inspection, contact the exclusive listing agent today.
Property History for 12 Banksia St, Ararat, VIC 3377
- 20 Apr 2026Listed for Sale $650000.00
- 16 Sep 2022Listed for Sale $600,000
- 16 Sep 2022Listed for Rent $25,740
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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 4,979 properties. Over the last 5 years, Houses in Ararat have seen a 48.72% increase in median value, while Units have seen a 24.59% increase. As at 31 March 2026:
- The median value for Houses in Ararat is $407,974 while the median value for Units is $273,354.
- Houses have a median rent of $400 while Units have a median rent of $350.
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