302-306 Sturt StreetBallarat Central VIC 3350
Property Details for 302-306 Sturt St, Ballarat Central
Last Listing description (March 2021)
Colliers International is pleased to offer for sale 302-306 Sturt Street (Corner Sturt and Armstrong Street), Ballarat.
- Fully tenanted with four (4) separate tenancies returning approximately $414,049 p.a.*
- Westpac have been in occupation for over 40 year
- Central location in the heart of the Ballarat CBD
- Ballarat is Victorias third largest regional town
- High profile corner frontage of 69m* to Sturt Street and Armstrong Street
- Located approximately 200 metres from the currently under construction GovHub and other major developments
- Commercial 1 Zone
302-306 Sturt Street, Ballarat is situated on the prime north western corner of Sturt Street and Armstrong Street facing the Ballarat Town Hall and Myer.
Ballarat offers a unique mix of location, services and lifestyle and is ready to facilitate investment from existing and future businesses.
*Approximate
For Sale: $6,400,000 with a 6.47% yield and a newly signed 5 year lease
For further information or to arrange an inspection of the property please contact exclusive selling agents Colliers International.
Daniel Wolman | +61 412 957 839
Andrew Lewis | +61 418 508 908
George Davies | +61 421 799 489
Edward Tansey | +61 492 892 101
Property History for 302-306 Sturt St, Ballarat Central, VIC 3350
- 03 Mar 2021Sold for $6,050,000
- 06 Nov 2020Listed for Sale SOLD - Price Withheld
- 11 Nov 2015Listed for Sale Not Disclosed
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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 4,495 properties. Over the last 5 years, Houses in Ballarat Central have seen a 3.15% increase in median value, while Units have seen a 17.00% increase. As at 31 August 2026:
- The median value for Houses in Ballarat Central is $739,815 while the median value for Units is $510,645.
- Houses have a median rent of $450 while Units have a median rent of $400.
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