129-131 Barkly Street
Ararat


$535,000

Property Features


Property ID: 3339548

Building Size
700 m2
Land Size
599.00 m2

FREEHOLD HOTEL INVESTMENT OPPORTUNITY - (Formerly the Central and Rex Hotel )


In centre of ARARAT'S busiest shopping strip.

Imposing "Moderne" Brick Building, Huge Street Frontage, Commercial 1 Zone, Large ground floor Restaurant, 12 Guest Rooms upstairs, Managers residence, Communal lounge-rooms, Commercial kitchen, Two Street Frontages, Currently leased 5 x 5 x 5 x 5 years, Business As Usual. Price $535,000 showing a solid 6.9% return. JD2203