38 Lydiard Street SBallarat Central VIC 3350
Property Details for 38 Lydiard St S, Ballarat Central
Last Listing description (June 2017)
This special offering for sale can only be described as two of Ballarat's most significant and admired commercial buildings in the city's most historic business precinct. This property has not been offered for sale in over 100 years. Not only are they superb buildings, they also offer a total floor area of 1000+ square meters and returns $186,475 pa plus outgoings. With a total combined floor space in excess of 1000 square meters, both buildings have been maintained in impeccable condition and are complimented by modern design and decor throughout. Offering a bright and modern foyer/reception area, a large number of offices, open plan work station areas, boardrooms, plus all amenities. While both commercial buildings are state of the art, meeting all 2015 office needs and requirements, they each boast a magnificent period facade. This is an absolute brilliant opportunity for the astute investor, with the building located in a zoned commercial 1 area and occupied by one of Ballarat's most experienced and respectful law firms on a 5 year lease. A further 4 x 5 year lease is also offered with the sale.
Property History for 38 Lydiard St S, Ballarat Central, VIC 3350
- 23 Apr 2015Listed for Sale $3,000,000 Plus GST (if any)
- 23 Mar 1998Sold for $510,000
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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 4,499 properties. Over the last 5 years, Houses in Ballarat Central have seen a -1.48% decrease in median value, while Units have seen a 12.15% increase. As at 30 September 2026:
- The median value for Houses in Ballarat Central is $722,940 while the median value for Units is $509,096.
- Houses have a median rent of $450 while Units have a median rent of $400.
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