602-604 Sturt StreetBallarat Central VIC 3350
Property Details for 602-604 Sturt St, Ballarat Central
Last Listing description (May 2022)
Ray White Ballarat are proud to offer this dual office or retail property for sale. Divided into two separate tenancies and with one tenant relocating there is an opportunity to occupy one office for your own business while receiving an income stream from the other tenancy. Alternatively you could hold the entire property as an investment with potential income of approximately $116,967pa + GST & Outgoings. Situated on a prominent CBD corner site of approximately 624m2 this is a great opportunity to own a high profile investment with a proven track record of occupancy.
602 Sturt Street, Ballarat Central
Current Rent $70,372pa expiring 30/6/2022
26 smaller individual offices with built in desks and shelving
Large staff/board room and separate amenities
604 Sturt Street, Ballarat Central
Current rent $46,595.51pa + GST & Outgoings
Leased to Shine Lawyers expiring 17/7/2024 with further options
Modern fit out with reception and separate offices
Property History for 602-604 Sturt St, Ballarat Central, VIC 3350
- 08 Jul 2021Listed for Sale Expressions of Interest
- 08 Mar 2016Listed for Rent $30,000 / year
- 20 Aug 2015Listed for Rent $30,000 / year
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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 4,496 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.
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