802 Sturt StreetBallarat Central VIC 3350
Property Details for 802 Sturt St, Ballarat Central
Last Listing description (July 2023)
Commercial Sophistication
Superbly located only metres from Ballarat's major hospitals, in the hub of the medical precinct is this beautiful heritage building. Successfully operating as a prominent, highly respected business downstairs and a luxurious four-bedroom BNB upstairs with separate access. The opportunity now presents itself for a sophisticated investor to continue to enhance and improve an already thriving property.
The downstairs is currently let on a commercial lease that is relatively new with a number of further terms and all outgoings related to downstairs paid by the tenant. Upstairs has been gracefully and tastefully updated including Hydronic heating and quality fittings complimenting the home. The property is perfectly positioned to take advantage of passing trade, Tourism and meetings of family and friends.
There are 6 carparks on site and miles of on street parking making it an ideal eating and accommodation destination.
Call today to discuss and book and inspection.
Damian Caine 03 5320 6000 or 0402 556 556.
Property History for 802 Sturt St, Ballarat Central, VIC 3350
- 15 May 2023Listed for Sale $2,700,000 to $2,900,000
- 22 Nov 2021Listed for Sale Contact Agent
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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.
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