1023 Howitt StreetWendouree VIC 3355
Property Details for 1023 Howitt St, Wendouree
Last Listing description (September 2023)
Burgess Rawson in conjunction with Colliers International are pleased to offer to the market the Bupa Dental Clinic in Wendouree (Ballarat) VIC for sale via our Investment Auction Portfolio 162.
The property has the following investment highlights:
+ Secure Five (5) year lease to March 2027 plus option to 2032.
+ Leading dental clinic, winning the 2022 Bupa Clinical and Quality Award.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per the lease.
+ Favourable annual CPI rent reviews.
+ Immaculate 275sqm* clinic incorporating 5 surgery rooms, 2 consult rooms and sterilisation room.
+ Purpose built in 2018 already offering significant depreciation benefits with new 16.6kw solar system being installed in July.
+ High profile Howitt Street position with 20,000 vehicles passing daily. ***
+ Prime 1,373sqm* freehold site with important 16 on-title car spaces.
+ Situated in key medical precinct amongst Sovereign Radiology, Ballarat Group Practice and Ballarat Day Hospital.
+ Potential 50% stamp duty saving.
+ Ballarat: capital of Western Victoria with population forecast to surge 22% to 142,624 by 2036. ****
+ Net Income: $81,030pa* + GST
To be sold by Investment Portfolio Auction:
10:30am AEST Wednesday 2nd August 2023
Crown Casino, Melbourne VIC
* Approx
** Bupa
*** GapMaps
**** Forecast.id
Property History for 1023 Howitt St, Wendouree, VIC 3355
- 02 Aug 2023Sold for $1,785,000
- 06 Jul 2023Listed for Sale Price on Request
- 27 Apr 1992Sold for $129,500
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0About Wendouree 3355
The size of Wendouree is approximately 9.6 square kilometres. It has 23 parks covering nearly 12.5% of total area. The population of Wendouree in 2016 was 10445 people. By 2021 the population was 10376 showing a population decline of 0.7% in the area during that time. The predominant age group in Wendouree is 20-29 years. Households in Wendouree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wendouree work in a labourer occupation.In 2021, 53.40% of the homes in Wendouree were owner-occupied compared with 56.60% in 2016.
Wendouree has 6,660 properties. Over the last 5 years, Houses in Wendouree have seen a 33.60% increase in median value, while Units have seen a 35.97% increase. As at 31 March 2026:
- The median value for Houses in Wendouree is $531,317 while the median value for Units is $407,885.
- Houses have a median rent of $400 while Units have a median rent of $310.
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