Freehold Opportunity with Mountaintop Views on 10 Acres
Expressions of interest are invited to purchase this twenty unit former motel along the Midland Highway to Geelong. Situated high on a hill just outside historic Buninyong, this property offers extended views overlooking Buninyong and its surrounds. Close to stunning landmarks, including gardens and many historic buildings and of course home to one the major cycling events on the National Championship calendar, this stunning and very popular country town is a major tourist destination 15 minute?s drive to the heart of Central Ballarat
Flanked by majestic gums and rambling natives, this motel is situated on approx 40788m2/10 acre prominent site allowing ample land for future expansion and or subdivision STCA
There is a tidy reception area and adjacent office with direct access to the self-contained manager?s residence.
There is a capacious common area with combustion fire, two split systems, ceiling fans and a fabulous built in bar, (ideal for larger functions) a waiting area and a dining or breakfast area with restrooms and wet bar available for patrons to access.
Beyond this, is a fully functional industrial/commercial kitchen with two generous storerooms and 14 banks of 10 solar panels assisting with the energy and efficiency.
All 20 guest rooms are in good condition with glass sliding doors overlooking the rear gardens and views while split systems, spacious bathrooms, tea/coffee making facilities are available throughout.
Garden BBQ facilities along with the opportunity to further improve the amenities with a massive spread of land available. Currently being utilised as a guest house this presents a great opportunity to purchase a seldom offered former Victorian Country Motel of this size.
Further features including, a manager?s residence, a commercial kitchen and laundry, a spacious dining and common area and it is currently leased with great returns.
For further particulars and details, please contact our agent for viewing.
median house price670000
median house rent450
suburb rental yield3.5%
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.