Watch Watch
Your home of Development Ready videos
Watch Watch
Back
Sold Check

1051-1099 Howitt Street, Wendouree, VIC 3355

+13 Photos

1051-1099 Howitt Street, Wendouree, VIC 3355

Wendouree

×
Sold Check
+15 Photos

1051-1099 Howitt Street, Wendouree, VIC 3355

Wendouree

SOLD
1051-1099 Howitt Street, Wendouree, VIC 3355

1051-1099 Howitt Street, Wendouree, VIC 3355

Properties / Sold / Victoria / Wendouree
Development Potential
Property Type
Commercial, Industrial, Mixed Use
Sub Type
Other, Land Site
Land Area
5,030 m² (*approx)
Zoning
MUZ
Selling Method
EOI: Price on Request
Show All
Major 5,030sqm Mixed-Use Site With 'High-Yielding' Holding Income | Develop and/or Occupy In Dominant Retail, Automotive & Medical Precinct
  • 3 Titles / 68m Frontage to Howitt St
  • Valuable $419,817 pa* Holding Income
  • Develop, Occupy or Expand STCA

Burgess Rawson are pleased to exclusively present to market 1051 - 1099 Howitt Street, Wendouree (Ballarat) VIC for sale via Expressions of Interest closing Wednesday 2 July at 3pm AEST.

This opportunity has the following key highlights:

+ Significant 5,030sqm* Mixed Use Zoned (MUZ) landholding in a dominant retail, automotive and medical precinct.

+ Incorporates 3 separate titles with a low site coverage of 16% suiting future development, owner occupancy and/or value-add expansion opportunities (STCA).

+ Prime 68 metre frontage to busy Howitt Street with 20,000+ vehicles passing daily.**

+ Underpinned by a short term lease to Carworks Australia, successful and longstanding on site 23+ years providing valuable, high-yielding holding income.

+ Incorporating well-maintained existing improvements, including showroom, service centre and extensive hardstand.

+ Situated only 2.5km* from Ballarat CBD, neighbouring numerous national retailers with Woolworths, McDonald's, Lake Health Group, Jax Tyres & Auto, Reece Plumbing, Goodstart Early Learning all within 300m.

+ Core infrastructure catchment under 1km from Wendouree Train Station, Stockland Wendouree Shopping Centre (4.98M MAT)***, Ballarat Grammar (1,537 students)** and future $150 million Ballarat Major Events Precinct (formerly Ballarat Showgrounds).

+ Ballarat: capital of Western Victoria with a population forecast to surge 31% to 164,365 by 2046.****

+ Total tourism spend in Ballarat is up 111% since 2019 with the city's annual visitors spending a record $663 million recently.*****

+ Potential 50% stamp duty savings.

+ Net Holding Income: $419,817 pa* + GST.

Under Offer.

For further information, please contact Burgess Rawson.

Shaun Venables | 0411 860 865

*Approx

**GapMaps

***Stockland

****Forecast.id

*****City of Ballarat

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

1051-1099 Howitt Street Development Site Summary

Property Type
Commercial, Industrial, Mixed Use
Sub-type
Other, Land Site
Land Area
5,030 m² (*approx)
MUZ
Selling method
EOI: Price on Request

Development Site Highlights

Major 5,030sqm Mixed-Use Site With 'High-Yielding' Holding Income | Develop and/or Occupy In Dominant Retail, Automotive & Medical Precinct
  • 3 Titles / 68m Frontage to Howitt St
  • Valuable $419,817 pa* Holding Income
  • Develop, Occupy or Expand STCA

Burgess Rawson are pleased to exclusively present to market 1051 - 1099 Howitt Street, Wendouree (Ballarat) VIC for sale via Expressions of Interest closing Wednesday 2 July at 3pm AEST.

This opportunity has the following key highlights:

+ Significant 5,030sqm* Mixed Use Zoned (MUZ) landholding in a dominant retail, automotive and medical precinct.

+ Incorporates 3 separate titles with a low site coverage of 16% suiting future development, owner occupancy and/or value-add expansion opportunities (STCA).

+ Prime 68 metre frontage to busy Howitt Street with 20,000+ vehicles passing daily.**

+ Underpinned by a short term lease to Carworks Australia, successful and longstanding on site 23+ years providing valuable, high-yielding holding income.

+ Incorporating well-maintained existing improvements, including showroom, service centre and extensive hardstand.

+ Situated only 2.5km* from Ballarat CBD, neighbouring numerous national retailers with Woolworths, McDonald's, Lake Health Group, Jax Tyres & Auto, Reece Plumbing, Goodstart Early Learning all within 300m.

+ Core infrastructure catchment under 1km from Wendouree Train Station, Stockland Wendouree Shopping Centre (4.98M MAT)***, Ballarat Grammar (1,537 students)** and future $150 million Ballarat Major Events Precinct (formerly Ballarat Showgrounds).

+ Ballarat: capital of Western Victoria with a population forecast to surge 31% to 164,365 by 2046.****

+ Total tourism spend in Ballarat is up 111% since 2019 with the city's annual visitors spending a record $663 million recently.*****

+ Potential 50% stamp duty savings.

+ Net Holding Income: $419,817 pa* + GST.

Under Offer.

For further information, please contact Burgess Rawson.

Shaun Venables | 0411 860 865

*Approx

**GapMaps

***Stockland

****Forecast.id

*****City of Ballarat

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

Property Location of 1051-1099 Howitt Street, Wendouree, VIC 3355

Property Map

Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
1051-1099 Howitt Street, Wendouree, VIC 3355 Wendouree