12 Hargraves StreetCastlemaine VIC 3450
Property Details for 12 Hargraves St, Castlemaine
Last Listing description (May 2026)
Prominently positioned on the corner of Hargraves and Forest Streets, this high-profile property presents an exceptional opportunity to owner-occupy while benefiting from an established income stream.
Offered with vacant possession to the main premises, the property forms part of the historic Commercial Hotel footprint and features impressive high ceilings and striking arched windows across two sides. Spanning approximately 63m, the space is filled with natural light and offers flexibility for retail, studio or workshop use.
Adding further appeal, the adjoining tenancy is securely leased to the well-established Superhero Banh Mi Vietnamese Takeaway, providing reliable income and proven returns.
Located within one of Castlemaines most tightly held and vibrant precincts, the property enjoys strong foot and vehicle traffic, just moments from Theatre Royal, Love Shack Brewery, Table Records, Tortoise Caf and IGA.
A rare opportunity to secure a versatile commercial holding with both immediate income and long-term potential.
Terms available
Property History for 12 Hargraves St, Castlemaine, VIC 3450
- 27 Mar 2026Listed for Sale $875,000 | High Profile Corner Opportunity
- 05 Mar 2026Listed for Rent $29,640 / year
- 29 Mar 2022Sold for $544,500
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About Castlemaine 3450
The size of Castlemaine is approximately 20.2 square kilometres. There are 26 parks, covering nearly 22.3% of the total area. The population of Castlemaine in 2016 was 6757 people. By 2021 the population was 7506 showing a population growth of 11.1% in the area during that time. The predominant age group in Castlemaine is 60-69 years. Households in Castlemaine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Castlemaine work in a professional occupation.In 2021, 73.40% of the homes in Castlemaine were owner-occupied compared with 71.00% in 2016.
Castlemaine has 4,849 properties. Over the last 5 years, Houses in Castlemaine have seen a 17.35% increase in median value, while Units have seen a 12.67% increase. As at 31 August 2026:
- The median value for Houses in Castlemaine is $748,202 while the median value for Units is $538,441.
- Houses have a median rent of $545 while Units have a median rent of $430.
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