32 Bridge MallBallarat Central VIC 3350
Property Details for 32 Bridge Mall, Ballarat Central
Last Listing description (February 2022)
This is a rare opportunity to secure a quality investment with a top tier tenant who has been established in the premises since 1989. Bridge Mall is a highly desirable location that will undergo a major upgrade and is due to start in late 2022.
The property is approximately 262 m2 with a significant 5.2 metres frontage to Bridge Mall and secondary frontage to Little Bridge Street, allowing dual street access.
The building is a concrete and brick construction with a new metal roof. The lease area is 245m2 and is currently operating as a major fashion retail outlet.
approximately 262 m2
frontage to Bridge Mall and secondary frontage to Little Bridge Street
Rent $63,640 per annum + GST [as of 1st April 2022]
5.3% gross return
This property is in a prominent position and represents a fantastic opportunity to invest in a quality asset that should not be missed
***OPEN FOR INSPECTIONS ARE BACK FOR FULLY VACCINATED PERSONS*****
IF YOU ARE NOT FULLY VACCINATED OR DO NOT WISH TO DISCLOSE YOUR STATUS, WE CAN ARRANGE A PRIVATE OR VIRTUAL INSPECTION.
FOR MORE DETAILS OR TO MAKE A BOOKING PLEASE CONTACT THE AGENT DIRECTLY.
Property History for 32 Bridge Mall, Ballarat Central, VIC 3350
- 11 Feb 2022Sold for $1,150,000
- 05 Jan 2022Listed for Sale $1,200,000
- 19 Dec 2019Listed for Sale $1,100,000
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0About 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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