Ballarat, Victoria

$1,100,000 Leasehold

Property Description

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

  • 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

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

  • Reg Partington

  • 0407 412 479
  • 1300 512 566
  • send email

Marketing Agency

Tourism Brokers

Tourism Brokers

Tourism Brokers

Reg Partington
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Ballarat, Victoria 3350 Exact map location not provided

Similar Properties

Newly Refurbished, 4.5 Star, Long Lease - This Property Has It All! | Resort Brokers ID : LH004847
Updated

MILDURA
Newly Refurbished, 4.5 Star, Long Lease -...

$1,200,000
Net Income: $347,332
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Resort Brokers
Torquay - Jan Juc Hotel For Sale Great Opportunity - 50225L
Exclusive

3 Stuart Avenue JAN JUC
Torquay - Jan Juc Hotel For Sale Great...

Leasehold $1,200,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers
Brand New Lease Terms! | Resort Brokers ID : LH004788
Updated

MILDURA
Brand New Lease Terms! | Resort Brokers ID...

$1,150,000
Net Income: $342,949
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Resort Brokers

WARRNAMBOOL
2482ML - TUDOR WARRNAMBOOL FRESHENED UP AND...

$1,175,000 Leasehold
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers

16 Dimboola Road HORSHAM
Outstanding Country Hotel - 50845L

Leasehold - POA
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers
Macedon Ranges B & B Style Accommodation -  31304
Exclusive

40 Plants Lane WOODEND
Macedon Ranges B & B Style Accommodation...

FHGC $1,200,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers