101 Mair StreetBallarat Central VIC 3350
Property Details for 101 Mair St, Ballarat Central
Last Listing description (May 2023)
Burgess Rawson in conjunction with Colliers International (Ballarat) is pleased to offer to the market a rare island freehold opportunity in Ballarat VIC for sale via Investment Portfolio Auction 160.
+ New 5 year lease to June 2027 plus options through to 2047 to experienced operators.
+ Favourable CPI rent reviews annually.
+ The tenant group includes experienced leaders within Victoria's entertainment industry, with long term success on multiple leading metro Melbourne venues.
+ Central 728sqm* CBD freehold 'island site' with all round frontage and exposure of 108 metres*.
+ Classic refurbished late night venue incorporating a popular elfresco beer gardens.
+ Rock solid refurbished and extended 1,070 sqm three level building with capital intensive fit-out
+ Important 7 on-site car spaces.
+ Valuable liquor license to host 700 patrons.
+ Position-perfect next to Federation University (Camp Street) campus.
+ Strategic CBD position within Ballarat's legal / financial precinct, while also close to and amongst national retailers including The Good Guys, Reece, JB Hi-Fi, Big W, Rebel, Bob Jane T-Mart etc.
+ Mair Street (Ballarat's local vehicular thoroughfare) with 15,200+ vehicles passing daily.
+ Potential 50% stamp duty savings.
+ Ballarat: capital of Western Victoria & one of Australia's fastest growing regional cities projected 21.65.% population growth by 2036.
+ Rent: $294,000 pa* (As at July 2023, assuming 5% CPI).
To be sold via Investment Portfolio Auction
10:30am AEST Wednesday 10th May 2023
Crown Casino, Melbourne
Property History for 101 Mair St, Ballarat Central, VIC 3350
- 04 May 2023Sold for $3,050,000
- 12 Apr 2023Listed for Sale Price on Request
- 28 Oct 2022Sold for $500,000
Recent sales nearby
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About Ballarat Central 3350
The size of Ballarat Central is approximately 3.8 square kilometres. There are 5 parks, covering nearly 3.7% of the total area. The population of Ballarat Central in 2016 was 5328 people. By 2021 the population was 5378 showing a population growth of 0.9% in the area during that time. The predominant age group in Ballarat Central is 20-29 years. Households in Ballarat Central are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ballarat Central work in a professional occupation.In 2021, 57.60% of the homes in Ballarat Central were owner-occupied compared with 56.90% in 2016.
Ballarat Central has 4,496 properties. Over the last 5 years, Houses in Ballarat Central have seen a 1.84% increase in median value, while Units have seen a 19.50% increase. As at 31 July 2026:
- The median value for Houses in Ballarat Central is $730,935 while the median value for Units is $506,508.
- Houses have a median rent of $450 while Units have a median rent of $405.
Suburb Insights for Ballarat Central 3350
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