84-86 Barkly Street, ARARAT, VIC 3377

Here is the opportunity to be your own boss and enjoy the lifestyle that you have been searching for. The Courthouse Hotel is located in Ararat's busy main street and has a total land mass of approx. 558sqm. A healthy turnover, excellent profit margins with multiple income streams & plenty of upside with the business currently trading 5 days per week. Lovingly restored/renovated, recently the hotel has been painted throughout as well as new flooring & floor coverings . The iconic main bar has a great atmosphere featuring an 8 font glycol beer system, open fire place and a central cool room. Through to the bistro seating approx. 50 patrons features an open fire place and a Coonawarra fire place. Multiple income streams are provided via bar/bistro and 5 motel type rooms that have a very low vacancy rate, there is also an additional self-contained manager's residence that can also be booked out. The commercial kitchen showcases modern appliances and can easily serve dine in customers in addition to popular takeaway meals. Outside there is 57 solar panels to keep costs down, beer garden and fully secure garage. Take advantage of the very low rent to (approx. 3.2%) turnover ratio and strong (approx 26 years) lease. Property ID: #L20995784