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Price: $390,000
PropertyID: 00417VIC
Property Type: Business - Hostel & Boarding House
Bedrooms:
Bathrooms: 3
Energy Rating:
This property is: 75-100 km's north west of Melbourne
Description: ROSELLA COTTAGE ENTERPRISES HOSTEL & BOARDING HOUSE
699 GLENELG HIGHWAY, SMYTHES CREEK, BALLARAT VICTORIA, AUSTRALIA 3351 - PH (03) 5342 4352 - FAX (03) 5342 5110
MANAGER: JOHN BOOM - EMAIL: info@search-the-world.com
FOR SALE! OVER 90 SQUARES OF BUILDINGS
12 BEDROOMS - $390,000.00 PLUS BUYERS!
FREEHOLD, HOME & BUSINESS! (Including equipment.) An inventory list is available upon request.
There is also a website for the actual business listed above at:
http://www.geocities.com/j1954b2000/hostel.html?1009592678730
Photo Website with pictures of property etc. http://www.briefcase.yahoo.com/johnnyb1954
Details: One title with permits to operate the above 40 plus bed Hostel and Boarding House.
Property address as above. The property is Zoned: Rural Living Zone. 7 acres in size.
Comprises: Separate 3 bedroom 17 square BV Home. Approx. 13 years old. (All on the same title.).
Hostel: Approx. 75 squares. Includes 9 bedrooms, 3 store rooms, 2 offices, 4 car garage, under cover fernery, commercial kitchen, 2 phase power. Showers and public toilets, disable toilet. New fire sprinkler system fitted. Property has fenced off a large lake approx. 2 acres in size. Fish: Golden Perch, Redfin, Trout, Tench and Yabbies.
And Native Wildlife Gardens: With approx. 19 Pet Kangaroos and emu. License required.($120/yr.) Car park area, outdoor lighting, 2 large billboard signs 8ft x 16ft facing highway and highway approach signs etc...
Includes all beds and kitchen equipment and many fittings. Linen is included in the price.
Hostel and Home Buildings approx. 90 squares in total.
The property has highway turning and approach lanes and is situated on Ballarat’s southern entrance at approx. 10 Km from the Ballarat Post Office and 3 minutes from Sebastopol.
The business is new and all required equipment and fittings are included. Eg. Beds for over 40 people, pillows, blankets, mattresses, Cutlery, crockery, pots & pans, 3 ovens, Microwave, Toasters, Tables & chairs, cupboards, pool table, table tennis table, dart board some office furniture (Not All.) 3 fridges, 1 large jewellers safe, several glass showcases, clothing cupboards, bookcases, public phone, coin laundry and much more....
Because the business is new we offer no guarantee as to what income can be derived from the business but it has excellent prospects. 3 bedroom 17 square house could also be let out if desired.
NOTHING IS BEING ASKED FOR THE BUSINESS AS SUCH AND ALL REQUIRED EQUIPMENT AND FITTINGS WILL BE INCLUDED IN THE PRICE.
The asking price is based on only $5,000.00 per square.
LAST VALUATION 2 YEARS AGO WAS AT $460,000.00 TO $480,000.00 BASED ON THE APPROX. 90 SQUARES.
There is plenty of room for expansion and for a choice of more options. The business is low maintenance and could be operated by a single person or couple.
A cleaning company could be employed and managed through an estate agent as a Boarding House. With renting of the rooms and the house it would give an excellent return as an investment. Rooms can cater from one person to nine with various room size choice.
Rooms are currently returning: $122.50 singles per week and $135.00 per couple per week.
Currently the business is only being operated on a small scale due to other business and work commitments. Expected return to be over $1,200.00 per week & more with advertising.
The section 32 is held by: McCormick’s Solicitors – 50 Lydiard Street South Ph. 5333 1733
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