232-238 High Street,
Kangaroo Flat, VIC 3555
Hotel, Motel & Leisure
Key property information
Land area
Floor area
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Map of 232-238 High Street
Perfectly Positioned & Recently Renovated Bendigo Motel
An exceptional investment opportunity in the heart of Bendigo, Victoria-a vibrant city just 150 km (1.5-hour drive) from Melbourne CBD. Originally established during the Gold Rush, Bendigo is now a thriving destination for tourism and business.
Property Highlights:
• Prime Location: Situated in the centre of Bendigo, with easy access to shopping centres, major attractions, and public transport.
• Recently Renovated: Upgraded to enhance guest experience and maximize investment value.
• Spacious Land & Facilities: Spanning 6,000 sqm with a 3,000 sqm building, featuring 32 rooms, a kitchen, restaurant, swimming pool, and an outdoor barbecue area.
• Ample Parking: Large parking lot suitable for cars and buses, enhancing guest convenience
• Stable Rental Income:
o Current annual rent: $185,000 per annum
o Long-term 23-year lease remaining
o 3.0% annual rent increment
• Development Potential: A large vacant area at the front allows for additional motel rooms or residential development (STCA).
• Secure Investment: Ideal for buyers seeking risk-free rental returns with a steady income from freehold ownership and flexible settlement options.
For further information or to arrange an inspection, please contact Sunny - 0433 168 8... or Nitin - 0416 417 2...
Interested parties should conduct their due diligence before making any submissions. The given details are for general information only and do not constitute any representation on the part of the vendor or agent.
Property Highlights:
• Prime Location: Situated in the centre of Bendigo, with easy access to shopping centres, major attractions, and public transport.
• Recently Renovated: Upgraded to enhance guest experience and maximize investment value.
• Spacious Land & Facilities: Spanning 6,000 sqm with a 3,000 sqm building, featuring 32 rooms, a kitchen, restaurant, swimming pool, and an outdoor barbecue area.
• Ample Parking: Large parking lot suitable for cars and buses, enhancing guest convenience
• Stable Rental Income:
o Current annual rent: $185,000 per annum
o Long-term 23-year lease remaining
o 3.0% annual rent increment
• Development Potential: A large vacant area at the front allows for additional motel rooms or residential development (STCA).
• Secure Investment: Ideal for buyers seeking risk-free rental returns with a steady income from freehold ownership and flexible settlement options.
For further information or to arrange an inspection, please contact Sunny - 0433 168 8... or Nitin - 0416 417 2...
Interested parties should conduct their due diligence before making any submissions. The given details are for general information only and do not constitute any representation on the part of the vendor or agent.
Additional information
External websites
Kangaroo Flat, 3555 demographic data
The median household income for Kangaroo Flat is $1,144, 17% lower than Regional Victoria's household income of $1,386. Kangaroo Flat has an older age profile compared to the rest of Regional Victoria (median age 44 vs 43). Property ownership data shows 43% of property owners in Kangaroo Flat have a mortgage.
11,328
Population
$1,144 per week
Median household income
44 years
Median age
Owners
Most residents
Families
Most households
232-238 High Street
Kangaroo Flat, VIC 3555
Raine and Horne Land Victoria - PORT MELBOURNESe 2a, 263-329 Lorimer St
PORT MELBOURNE, VIC 3207
PORT MELBOURNE, VIC 3207
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