Hotel/Leisure
ID 14064UpdatedSoldCraig's Royal Hotel
10 Lydiard Street
Ballarat Central, Victoria, 3350
Please contact us for price
- Size2,080 SQM
Will Connolly
Senior Vice President - Hotel Investment Sales - Pubs
Agent details
Peter Harper
Managing Director, Head of Investment Sales Australia, Hotels & Hospitality
Agent details
Nick Macfie
Associate
Agent details
- Description
- Building Information
- Location
- Agents
Description
Iconic accommodation and gaming hotel
JLL Hotels & Hospitality Group is delighted to present to market the Freehold Going Concern opportunity of the iconic Craig’s Royal Hotel located in the historic heart of Ballarat, just 70 minutes from the Melbourne CBD.
A hotel of truly national historical significance, investment highlights include:
- Hotel facilities include 37 boutique guest rooms, six opulent function/conference rooms, restaurant, two bars, cafe and gaming room
- Offers multiple income streams via accommodation, gaming, revered food & beverage offering and morning trade via all day cafe
- Includes 45 well performing gaming machines
- Boasting the highly acclaimed ‘Gallery’ restaurant, featured multiple times in The Age Good Food Guide
- 2,080sqm* site in Commercial 1 Zone
- Includes a late night 3am liquor licence
- Genuine scope for future growth via increase in annual occupancy levels
- High volume tourism trade, including weekenders and day-trips, complemented by loyal local patronage
Presented for sale for the first time in 20 years, this is an incredible opportunity to acquire a hotel steeped in Australian history.
*Approx.
For sale by Expressions of Interest closing 4:00pm (AEDT) Thursday 5 December 2019
JLL Hotels & Hospitality Group is delighted to present to market the Freehold Going Concern opportunity of the iconic Craig’s Royal Hotel located in the historic heart of Ballarat, just 70 minutes from the Melbourne CBD.
A hotel of truly national historical significance, investment highlights include:
- Hotel facilities include 37 boutique guest rooms, six opulent function/conference rooms, restaurant, two bars, cafe and gaming room
- Offers multiple income streams via accommodation, gaming, revered food & beverage offering and morning trade via all day cafe
- Includes 45 well performing gaming machines
- Boasting the highly acclaimed ‘Gallery’ restaurant, featured multiple times in The Age Good Food Guide
- 2,080sqm* site in Commercial 1 Zone
- Includes a late night 3am liquor licence
- Genuine scope for future growth via increase in annual occupancy levels
- High volume tourism trade, including weekenders and day-trips, complemented by loyal local patronage
Presented for sale for the first time in 20 years, this is an incredible opportunity to acquire a hotel steeped in Australian history.
*Approx.
For sale by Expressions of Interest closing 4:00pm (AEDT) Thursday 5 December 2019
Location
Agents
Will Connolly
Senior Vice President - Hotel Investment Sales - Pubs
Agent details
Peter Harper
Managing Director, Head of Investment Sales Australia, Hotels & Hospitality
Agent details
Nick Macfie
Associate
Agent details