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COURTHOUSE HOTEL - FREEHOLD INVESTMENT

84 Barkly Street,Ararat VIC 3377

$350,000

Other CommercialSize: n/a
Other Commercial size: 600 m² approx.
Here is a prime investment opportunity offering around a 7.5% return with a new commercial lease in place 3 x 5 years. The iconic Courthouse Hotel is located in Ararat's busy main street and has a total land mass of approx. 558sqm. The hotel has been lovingly restored/renovated, the main bar has a great atmosphere featuring an 8 font glycol beer system and a central cool room. Through to the lounge area the 2 open fires service the couches and pool table. The commercial kitchen services the bistro & the 5 motel type bedrooms which has communal bathroom which have been renovated. The self-contained manager's residence and the 4 car garage are handy inclusions. Call the sole agent today for more information.

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Other Commercial
Other Commercial Size:600 (approx)

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Ararat Suburb Information

 
 
Average Age
45 years
Population
8,076
Ararat Profile
Ararat Occupancy
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This listing has been viewed 9 times. It was first displayed on 23/05/17 and last updated on 13/08/18.