Ballarat Central, Victoria

Leasehold $640,000

Property Description

2496ML - COUNTRY LIVING WITH STRONG INTERCAPITAL MARKET

  • 27 well proportioned rooms.
  • Large breakfast room - ready for multi purpose..
  • A solid school excursion occupancy base..
  • Games room to boot!
  • Currently under management (happy to stay on).

Only a little over an hour from Melbourne, Cardigan is servicing a market of school excursions, inter-capital arrivals from Adelaide, looking for an accommodation bargain before they hit expensive Melbourne, and special interest groups such as car and sporting groups.

Not everybody wants to be in the centre of a noisy regional centre. The peace that a ten minute drive can bring is deafening!

Note - Freehold Going Concern is also available.

Net profit $160,530 for 2016/17

Leasehold buyers are reminded that in Victoria there is no stamp duty on leasehold, the lessor is responsible for his land tax and rents can go down at compulsory market reviews.

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

Property ID: 2496ML (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: 2394

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 Central, Victoria 3350 Exact map location not provided

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