2-4 Ingor StreetArarat VIC 3377
Property Details for 2-4 Ingor St, Ararat
Last Listing description (September 2025)
This is an exceptional opportunity for investors seeking a secure, long-term asset with a strong tenant and future development potential. Located in a high-exposure, town-centre position, this 1,226 sqm corner site presents both immediate income and significant future upside.
Leased to Lardner Bros, a well-established local business with a diverse offering including locksmithing, firearms, cycles, security services, and trophies, this property has been occupied by the same tenant since 1999-a testament to its prime location and suitability. A new three-year lease commenced on the 1st January 2025, with an additional five-year option, ensuring rental stability well into the future. The property currently returns $28,616.40 per annum, offering reliable income from day one.
Positioned directly opposite a Woolworths-anchored shopping centre and just off Barkly Street, the property benefits from excellent visibility and accessibility. It is surrounded by a vibrant mix of retail and commercial businesses in the heart of the town's commercial precinct, and enjoys exposure to a large local catchment of over 11,000 residents.
For the savvy investor, this property offers the best of both worlds: dependable income from a long-term tenant, and the potential to unlock greater value down the track through redevelopment or further uplift. Whether you're looking to collect rent from a solid, established tenant or landbank a strategic corner site in a tightly held commercial precinct, this property is not to be overlooked.
Property History for 2-4 Ingor St, Ararat, VIC 3377
- 09 Jul 2025Sold for $542,000
- 10 Apr 2025Listed for Sale $620,000
- 13 May 2015Listed for Sale $584,000 + SAV
Recent sales nearby
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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 4,955 properties. Over the last 5 years, Houses in Ararat have seen a 62.20% increase in median value, while Units have seen a 51.78% increase. As at 30 November 2025:
- The median value for Houses in Ararat is $386,784 while the median value for Units is $301,684.
- Houses have a median rent of $390 while Units have a median rent of $340.
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