The Ararat Hotel sits proudly in the main street of this strong regional town. Set on approximately 1775m2 of Commercial 1 Zoned Land with rear access.
Consisting of a large, well patronised bistro / café which has been recently fully renovated to a very high standard, a private function area with separate bar, large commercial kitchen, 13 accommodation rooms, and a 3 bedroom manager's residence.
There is also a large amount of street parking directly out the front plus private rear parking that ensures patrons have good access to the hotel.
An initial 25 year lease has commenced on 1/3/2022 with 5 x 5 year terms and with a current rent of $67,254 + GST offer a fantastic 7.5% return.
Savvy investors will see the great opportunity here and snap this one up quickly.
Act fast to book your inspection now.
