1317 Mair Street,
Ballarat Central, VIC 3350
Hotel, Motel & Leisure
Price information
Sold
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Key property information
Land area
Floor area
Parking info
Sold on
Map of 1317 Mair Street
Freehold Investment - Motel / Hotel Complex
- Hotel: $1,250,000
- Motel: SOLD
- Two great tenants on good leases
- Sensational central corner position
- Large site of 2,423 square metres (approx)
- Depreciation and guaranteed growth
Hotel: For Sale $1,250,000 million
- Rent for City Oval Hotel is currently $86,516.59 per annum + GST and outgoings.
- Current term expires 29 April 2012 with 4 further term of 5 years from that date
- The tenant has until 29 January 2012 to exercise his next option although in the lease this is incorrectly noted as 29th * January 2011, it is expected this will occur as the tenant is happy in the venue and is trading well.
Motel: SOLD
- Rent for Lake Inn Motel is $233,348,09 per annum + GST and outgoings
- Tenant has exercised a further option of five (5) years
- There are 5 further options each of 5 years
Total income across both tenancies $319,864.68
- Sensational central corner position
- Large site of 2,423 square metres (approx)
- Depreciation and guaranteed growth
Hotel: For Sale $1,250,000 million
- Rent for City Oval Hotel is currently $86,516.59 per annum + GST and outgoings.
- Current term expires 29 April 2012 with 4 further term of 5 years from that date
- The tenant has until 29 January 2012 to exercise his next option although in the lease this is incorrectly noted as 29th * January 2011, it is expected this will occur as the tenant is happy in the venue and is trading well.
Motel: SOLD
- Rent for Lake Inn Motel is $233,348,09 per annum + GST and outgoings
- Tenant has exercised a further option of five (5) years
- There are 5 further options each of 5 years
Total income across both tenancies $319,864.68
Property ID: 5809984Last Updated: 22 Jun 2017
1317 Mair Street
Ballarat Central, VIC 3350
Colliers - BallaratLevel 2/210 Sturt Street
BALLARAT CENTRAL, VIC 3350
BALLARAT CENTRAL, VIC 3350
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