209 Gillies Street NWendouree VIC 3355
Property Details for 209 Gillies St N, Wendouree
Last Listing description (January 2024)
Ray White Commercial Ballarat are proud to offer for sale 209-211 Gillies Street North, Wendouree. This asset represents an opportunity to acquire a strategically rare infill parcel offering holding income with significant redevelopment potential STCA. The site has a combined site area of 20,961m2* with existing improvements, offering multiple development opportunities leveraging off the growing trade area STCA. This represents a rare opportunity to secure a prime infill land parcel with significant value add opportunities plus income in one of Victorias fastest growing locations.
Key Features:
- High profile freehold investment in one of Ballarats busiest intersections
- Leased to a multinational car dealership expiring in April 2025 with options to 2035
- A variety of other small warehouses separately leased
- Annual rental income of $1,335,000*
- Annual compounding rent reviews - tenants pay outgoings as per the leases
- Two titles, one of 9,021m2* and the other title 11,940m2*
- Located within the core of the Wendouree Activity Centre, marked as a high growth area for future employment
- Situated within the proposed Wendouree Railway Station Precinct master plan, providing a framework for future development
- Ballarat population forecast to grow 24% to over 144,000 by 2036^
Contact Sam Borner 0439 655 509 and enquire today to receive the Information Memorandum and other relevant documentation.
* Approximately
Property History for 209 Gillies St N, Wendouree, VIC 3355
- 28 Jun 2024Sold for $18,000,000
- 10 Nov 2022Listed for Sale Expression Of Interest
- 05 Aug 2019Listed for Rent - Price not available
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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 6,649 properties. Over the last 5 years, Houses in Wendouree have seen a 37.48% increase in median value, while Units have seen a 41.01% increase. As at 31 January 2026:
- The median value for Houses in Wendouree is $519,180 while the median value for Units is $403,829.
- Houses have a median rent of $400 while Units have a median rent of $315.
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