In the heart of Ballarat Central Business District and in close proximity to all retail shops and restaurants as well as being central to Sovereign Hill and Lake Wendouree and all Ballarat’s beautiful attractions.

This almost new property has a building area of approximately 1,220 square metres over two levels comprising a total of 21 rooms including 6 single bedrooms, 4 double bedrooms, 5 single bedroom spa suites and 6 single bedroom lounge suites. In addition there is an indoor swimming pool, reception area, manager’s 2 bedroom residence over two levels as well as ancillary storage and cleaning rooms.

The motel business has recently been sold on a new 5 year lease with five further 5 year options with an initial rental of $170,000 + GST. Existing additional income of approx $12,500 from rear car park which could be significantly increased with minor works.

Total land size is 3,370 square metres with the motel currently occupying approximately 50% of the site.

The rear land, with an area of 1,650 square metres is available for further development with a planning permits in place for further for 10 two and three bedroom apartments, this could be altered to combination of offices, apartments further motel units or similar or this lot could be sold off to further increase your yield.