16 Victoria Street,
Bakery Hill, VIC 3350
Hotel, Motel & Leisure
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Tenure type
Sold on
Map of 16 Victoria Street
Ballarat - Motel Freehold Investment Offering 6 - 7 % Return
Ballarat Central City Motor Inn is situated right on the fringe of the city centre in historic Bakery Hill and only 1.8 km's from the internationally acclaimed tourist attraction, Sovereign Hill.
This freehold motel for sale as an investment, is strongly tenanted and boasts strong occupancy rate.
- Renewed 5 year lease to 2019 plus options to 2049
- Guaranteed rental growth - Fixed CPI annual increases
- Tenant pays 100% of all usual outgoings
- Major 1035m2* Commercial 1 zoned site with high level of exposure on the main arterial to the city from Melbourne
- Well presented building in excellent condition with all rooms, kitchenettes and bathrooms fully refurbished
- 15 accommodation rooms including
1 fully self contained 2 bedroom unit, 2 family units, 2 studio rooms & 10 standard / twin rooms
- 2 storey, 4 bedroom managers residence
- In ground pool, barbecue facilities, off street parking as well as 1 guest park per unit
- Ballarat is one of Australia's fastest growing regional centres with an expected population growth of 19% reaching 128,000 by 2026
- Rent: $126,470pa + GST
- * = approximately
This freehold motel for sale as an investment, is strongly tenanted and boasts strong occupancy rate.
- Renewed 5 year lease to 2019 plus options to 2049
- Guaranteed rental growth - Fixed CPI annual increases
- Tenant pays 100% of all usual outgoings
- Major 1035m2* Commercial 1 zoned site with high level of exposure on the main arterial to the city from Melbourne
- Well presented building in excellent condition with all rooms, kitchenettes and bathrooms fully refurbished
- 15 accommodation rooms including
1 fully self contained 2 bedroom unit, 2 family units, 2 studio rooms & 10 standard / twin rooms
- 2 storey, 4 bedroom managers residence
- In ground pool, barbecue facilities, off street parking as well as 1 guest park per unit
- Ballarat is one of Australia's fastest growing regional centres with an expected population growth of 19% reaching 128,000 by 2026
- Rent: $126,470pa + GST
- * = approximately
Explore property virtually
Video
Property ID: 502875818Last Updated: 14 Jul 2023
(03) 5333 44...
16 Victoria Street
Bakery Hill, VIC 3350
RWC - Ballarat22 Peel Street North
BALLARAT CENTRAL, VIC 3350
BALLARAT CENTRAL, VIC 3350
Contact Agency
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
101-103 Mair Street,Ballarat Central, VIC 3350 1070 m²Shops & Retail • Hotel, Motel & Leisure • Warehouse, Factory & Industrial