Golden City Hotel - Ballarat - 1P5904 1957
Exclusive to CRE Brokers, the Iconic Golden City Hotel (Geecees) in Ballarat, presents an exceptional opportunity as a Leasehold Going Concern.
The hotel was first built in 1856 and transformed into its current operation in 1996 and is now being offered for sale for the first time in over 17 years. This is a unique opportunity to own a piece of history and be a part of the thriving hospitality industry in the area.
The hotel includes a restaurant with a generous seating capacity of 250, making it an ideal venue for various events and gatherings. The dining establishment is equipped with an excellent commercial kitchen, a spacious bistro, alfresco dining spaces, large wrap around balcony with adjoining function spaces.
Built upon an iconic history, the Golden City Hotel has been recently renovated, enhancing its appeal to both locals and tourists alike. Remarkably presented, this establishment stands as a prominent and highly visible landmark in Ballarat's CBD.
Aside from the hotel's inherent charm, buyers considering a move to Ballarat will find a range of lifestyle amenities in the surrounding area. The city offers a variety of educational institutions, including well-regarded schools, ensuring quality education for families. Vibrant shopping villages and retail options cater to diverse needs, providing convenience and a pleasant shopping experience. Additionally, an efficient transport network enables easy access to the city and its suburbs, making commuting hassle-free.
With an excellent net profit and boasting a great lease with options until 2054 providing stability and long-term prospects for the operators, the Golden City Hotel in Ballarat presents an outstanding opportunity for aspiring hoteliers looking to establish themselves in a historic and thriving location.
- Address: 427 Sturt Street
- Area: VIC - North
- City: Ballarat Central
- Country: Australia
- Zipcode: 3350
Leasehold $2,150,000 + SAV