84 Barkly Street
Ararat


$350,000

Property Features


Property ID: 3197439

Building Size
600 m2

COURTHOUSE HOTEL - FREEHOLD INVESTMENT


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.