Commercial for Sale

16 Victoria Street Bakery Hill, VIC 3350

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  • Building: 650m²
  • Land: 1,035m² (0.26 acres)

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Commercial for Sale in Bakery Hill

Ballarat - Motel Freehold Investment Offering 6 - 7 % Return

  • Building: 650m²
  • Land: 1,035m² (0.26 acres)

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 & 1​0 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: $1​26,470pa + GST
- * = approximately

Building:

650m²

Land:

1,035m² / 0.26 acres

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