196 Barker StreetCastlemaine VIC 3450
Property Details for 196 Barker St, Castlemaine
Last Listing description (March 2022)
This is an exceptional chance to invest in commercial bricks and mortar in the tightly held sector of Castlemaine. Set in the heart of vibrant Castlemaine, this premium corner site has 2 secure tenancies under the one roof. Securely leased Blue-chip tenant, Commonwealth Bank, occupies the corner site of approx. 281m2 Barker and Lyttleton Street, set over 2 levels with bottom level comprising office and customer service space, and second level with staff room with kitchenette and male and female toilets. The smaller retail shop is approx. 50m2, has large window frontage on to Barker Street with kitchenette and separate toilet in is in lease with options.
Fantastic investment opportunity with the largest listed company on the ASX as a tenant.
Prominent corner site in the heart of Castlemaine
ASX listed tenant
$82,157.40 combined rental income (4.3% ROI)
2 secure tenancies
CBA Bank Tenancy with 3% pa increases
Building area | 332m2 approximately
Prime position in tightly held commercial zone.
Please contact Narelle Waller to discuss this investment opportunity.
Property History for 196 Barker St, Castlemaine, VIC 3450
- 21 May 2021Listed for Sale $1,880,000
- 01 Mar 2018Sold for $1,580,000
- 28 Feb 2018Listed for Sale Contact Agent
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0About 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 4,827 properties. Over the last 5 years, Houses in Castlemaine have seen a 17.87% increase in median value, while Units have seen a 12.60% increase. As at 31 July 2026:
- The median value for Houses in Castlemaine is $750,459 while the median value for Units is $548,914.
- Houses have a median rent of $545 while Units have a median rent of $413.
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