In-Room Auction: Tuesday 25th February @ 6:00pm. Oscars Hotel, Bar & Bistro
Ray White Ballarat are excited to offer this stunning property to the market. Situated in a desirable location of Ballarat, this three level building is leased on a three year lease as an accommodation facility. This property lends itself as a great investment with yearly rent increases and landlord favourable terms. The astute buyer will see the future potential with this site as they will have the option to further develop the property STCA to enhance what the property has to offer.
- Three year lease commencing 1st May 2023
- Two further terms of three years
- Current rent amount $103,500pa*
- 3.5% annual increases and MR at renewal
- Tenant pays for all usual outgoings
- Significant accommodation property with 23 guest rooms
- Future proof investment with potential University Accommodation STCA
- Situated over 3 levels with beautiful views from the balcony
- Land area of approx. 511m2* with 5 off street car parks
- Current planning permit for Bed and Breakfast
- Three bathrooms, two kitchens and laundry facilities
- Heating and air conditioning
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.01 km | 3 | 1 | -m2 | 2024 12 15 | $585,000 | Council approved | |
 | 0.30 km | 3 | 1 | 115m2 | 2024 11 27 | - | Council approved | |
 | 0.21 km | 2 | 1 | -m2 | 2024 10 13 | $390,000 | Council approved | |
 | 0.13 km | 4 | 2 | -m2 | 2024 09 29 | $1,100,000 | Council approved | |
 | 0.19 km | 3 | 1 | -m2 | 2024 09 08 | $545,000 | Council approved |