314
Ripon Street
South
ballarat central
VIC,
3350
$675,000
3
1
3
Land: 578 sqm
Dual Income Investment - Residence & Retail Shop
**Inspections by private appointment only
This unique property offers two secure income streams with strong returns.
• Weatherboard Home: 2-storey residence with timber floors, formal lounge with gas-log fire, dining, timber kitchen, large family room, alfresco area, 3 bedrooms (main with ensuite & balcony), study nook, clawfoot bathroom, and off-street parking. Currently leased at $385/week to excellent tenants.
• Retail Shop: Period shopfront with storeroom plus rear storage/workshop shed. Long-term tenant trading as Ballarat Home Brew Centre for over 30 years. New 3-year lease to 16/06/2028 at $15,500/annum (excl. GST) with 2 further 3-year options.
• The Numbers: Combined rental income of $35,520 p.a. delivering a solid return.
A rare chance to secure a dual-tenancy property with excellent returns, established tenants, and future growth potential.
Ballarat's Best-Selling Team
Agents
Nearby Schools
About ballarat central
median House price
605000suburb growth
4.9%median House rent
425suburb rental yield
3.7%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
