Sold

2464ML - A RARE CHANCE TO JOIN THE BALLARAT MOTEL SET

SOLD

  • 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.
Price SOLD
Location Ballarat
Property ID 2464ML
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