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Ararat VIC 3377
Sold on 24 Aug 2023

Ararat VIC 3377

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

SOLD - Ararat Hotel Passive Investment - 1P5817

    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.

    CRE Brokers
    CRE Brokers
    U4/10 Lakewood Boulevard
    Carrum Downs, VIC 3201

    Property Highlights

    Date Sold24 Aug 2023
    Floor Area1 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018642259
    Category
    Last updated  7 Dec 2023
    Map for Ararat VIC 3377
    CRE Brokers
    CRE Brokers
    U4/10 Lakewood Boulevard
    Carrum Downs, VIC 3201

    Property Highlights

    Date Sold24 Aug 2023
    Floor Area1 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018642259
    Category
    Last updated  7 Dec 2023

    Listed by

    More about Ararat VIC 3377

    Ararat VIC 3377 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 1 m². The listing ID for this property is 2018642259.

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