Historic Shire Hall Hotel Ararat, Freehold Hotel Investment
Solid Brick, Double Storey Building 920 sq.m. approx. Land 1000 sq.m. approx..
15 Year lease commenced 27 April 2012
Rent $20,800 p.a. (6.5% yield) increasing to $26,000 In April 2017 (8.1% yield), then CPI increases.
Comprises a popular public bar, pool room, restaurant dining room, 2 x function rooms, commercial kitchen, 16 guest accommodation rooms, 2 Bedroom Managers residence, lovely ornate period features, great central CBD location with North Aspect to Civic Square.

This Hotel has a popular clientele and is steeped in history, features beautiful lead light windows & doors, ornate timber stair case, under bar cellar, gas & cosy wood heater plus an open fire for ambience and is located in a great central location with recent streetscape works including grape vines to promote the Grampians & Pyrenees Winery region.