Ballarat, Victoria
2464ML - A RARE CHANCE TO JOIN THE BALLARAT MOTEL SET
SOLD
Business Description
- 17 brilliantly presented large rooms.
- Three to four bedroom residence.
- Over 60% occupancy from budget conscious and busy tradesmen.
- A true 3.5 star property, just five minutes from the Ballarat CBD.
BEST OF ALL - A BRAND NEW 30 YEAR LEASE
Ballarat remains one of the best motel markets in Victoria. Only an hour from
the Melbourne city lights, it continues to bring both domestic and corporate tourists to this ever expanding city.
The air is crisp, lifestyles are excellent, a raft of schools offering a wealth of choice.
Ballarat. A city with a brilliant history and an even better future!
Unlike other states, Victorian leasehold purchases do not attract state stamp duty, the lessee is not responsible for the lessor's land tax, vendor's personal guarantees do not apply at transfer, compulsory market review occurs at start of every option, and rent can move downward.
Net profit $204,883 for 2015/16
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2464ML (quote when enquiring)
Location: Strategically located in the Central Highlands Region of Victoria, Ballarat is approximately 110km north-west of Melbourne. It is one of the largest inland cities in Australia, with a population of over 88,000 within the municipality.
Ballarat is in a key strategic position at the centre of some of Victoria's most important freight, tourist and commuter transport routes. The four main highways radiating from Ballarat connect it to Industrial centres such as Melbourne, Adelaide, Geelong and Portland; regional locations like Bendigo and Mildura; and agricultural areas in the Mallee and Wimmera.
Ballarat has traditionally been a city that prospered on mineral and agricultural based resources, however this has changed. Manufacturing, tourism, health and community services, education and retailing are now the key industries in the city. These industries, along with the banking and finance sector and government services are strengthening Ballarat's role as a regional service provider.
Ballarat is one of Victoria's premier tourist destinations attracting visitors for the gold and architectural heritage, parks and gardens, art and cultural activities and as a gateway to western Victoria. Approximately 1.8 million domestic day trip visitors come to Ballarat each year.
Property Code: 2162
Business Summary
Key Investment Insights
1. This business for sale is a motel located in Ballarat, Victoria.
2. The property has 17 large, well-maintained rooms.
3. There is also a three to four bedroom residence included.
4. The motel has a high occupancy rate of over 60%, with a focus on budget-conscious and busy tradesmen.
5. The property is a true 3.5 star establishment and is only a five minute drive from the Ballarat CBD.
6. The business comes with a brand new 30 year lease.
7. Ballarat is a popular tourist destination, with a mix of domestic and corporate visitors.
8. The city has a strong economy and offers a high quality of life, with a variety of schools and amenities.
9. Victorian leasehold purchases do not attract state stamp duty and the lessee is not responsible for the lessor's land tax.
10. The net profit for 2015/16 was $204,883.
11. Interested parties can contact Reg Partington and Annette Adams from Tourism Brokers for more information or to arrange an inspection.
12. The property ID for this listing is 2464ML.
13. Ballarat is strategically located in the Central Highlands Region of Victoria, approximately 110km from Melbourne.
14. The city is well-connected to major highways and serves as a regional service provider.
15. Ballarat's economy is diverse, with industries such as manufacturing, tourism, health and community services, education, and retail.
16. The city is a popular tourist destination, attracting approximately 1.8 million domestic day trip visitors each year.
17. The property code for this listing is 2162.
