BALLARAT VIC 3350
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- 17 Nov 2016
2087ML - IT'S OFFICIAL - NUMBER ONE IN THE GOLDFIELDS
- 20 x 4.5 star quality refurbished and repainted rooms.
- Close to restaurants and entertainment precinct.
- Established Corporate clients.
- Prestigious presentation.
- Executive residence.
This motel sets the benchmark for the regional motel industry. It offers a total turnkey solution needing minimal maintenance for many years to come. If you've been waiting for the best of breed experience, it's here!
Buyers are reminded that leasehold property sales in Victoria and subject to the Retail Leases Act 2003 do not attract stamp duty, the lessor is responsible for his own land tax and compulsory market review applies at the start of each term.
Net profit $313,952 for 2015/16
Contact Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2087ML (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 - the Western, the Midland, the Glenelg and the Sunraysia - 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: 1891
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information