Ballarat Central, Victoria

1844ML - Black is beautiful! A very healthy Ballarat Motel

SOLD

Business Description

A soft refurbished and upgraded property with a fresh 25 year lease.
A foot in both camps of accommodation and food. Both parts performing brilliantly, with a strong cross over yield.
Self-rated 3.5 star.

Ballarat remains one of the top regional motel towns. A town stacked with industry with more arriving each month. A town with both corporate and domestic tourism exposure. Proximity to Melbourne is a bonus. A travel distance favoured by the domestic client.

A true goldilocks property. Just right!

Buyers are reminded that under Victorian legislation, there is no stamp duty on leases, landlords are responsible for their own land tax, and compulsory market reviews can see rents come down.

Net profit $275,122 for 2015/16

Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1844ML (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: 2324

Business Summary

Marketing Agent

Reg Partington

0407 41....

Annette Adams

0405 53....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. The property has recently undergone a soft refurbishment and has a fresh 25 year lease.
2. The property offers both accommodation and food options, with both performing well and a strong cross over yield.
3. The property is self-rated 3.5 stars.
4. Ballarat is a top regional motel town with a growing industry and proximity to Melbourne.
5. The property has a good location with easy access to major highways and is a key regional service provider.
6. Ballarat has a diverse economy with industries such as manufacturing, tourism, health, education, and retail.
7. The city is a popular tourist destination, attracting approximately 1.8 million domestic day trip visitors each year.
8. Under Victorian legislation, there is no stamp duty on leases and landlords are responsible for their own land tax.
9. Compulsory market reviews can potentially lead to rent reductions.
10. The property has a strong net profit of $275,122 for 2015/16.
11. The property is listed under Property ID 1844ML.
12. Ballarat has a population of over 88,000 within the municipality.
13. The city has a rich history and is known for its gold and architectural heritage.
14. Ballarat is a gateway to western Victoria.
15. The city has a strong banking and finance sector, as well as government services.