Two Freehold Properties plus Accommodation Business
Stock Included: —
Stock Value: —
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This is an excellent opportunity to purchase two properties plus a business, on two titles, with plenty of income potential, in the historic town of Maryborough, Victoria.
Located on the Pyrenees Highway, 58km from Ballarat, 70km from Bendigo, and 168km from Melbourne, Maryborough is a small city dating back to the Gold Rush days, and filled with handsome historic buildings, parks and lakes. Maryborough is very popular with visitors for its lovely old ironbark forests, wineries, markets and thriving artist community.
This freehold opportunity is perfectly placed to cash in on the area's growing tourism business, currently offering short-term stays in two heritage-listed properties, plus rental income from a retail outlet.
The first property comprises a two-storey building with attached retail outlet (Corner Store), kitchen, laundry, bungalow and carports. Private living quarters include a double bedroom with ensuite, kitchen/living area and storage room.
The Corner Store is currently operating as a fashion outlet, and would lend itself to the establishment of a restaurant or coffee shop - STCA. Because the property was built as a hotel, and has a history as a food outlet while currently being operated as a commercial business. Ideal retirement opportunity for secure investment of capital with ability to live on site while conducting a business venture.
The second property comprises a two-bedroom unit with open plan kitchen and living, toilet, bathroom with shower, bath and hand basin, laundry, courtyard and storage shed.
At a glance:
- Alternatively the first property, which has a shared rear entry with the second property, could be sold separately with option to take over the accommodation business.
- Land sizes: 269sqm and 460sqm.
- The business (Bristol House Accommodation) comprises all chattels and guest list as going concern.
The current owner has enjoyed a good passive income from this business for 10 years and is ready to retire.