The iconic North Star Hotel Complex in the heart of the Ballarat CBD is expected to attract strong interest after coming to market.

The historic hotel which was originally built in 1857 presents fantastically and includes three function spaces, multiple bars and capacity for 250 people, while the adjoining Seymours on Lydiard Motel boasts 17 motel rooms. The complex as a whole provides a total income stream of $410,000 net per annum.

Renovated in 2020 to provide a modern and stylish façade and interior, the hotel provides over 2,098sqm of land over seven certificate titles allowing for a solid long-term investment and flexible possibilities in the future.

The Colliers team of David Wright and James Lawson have the exclusive listing via an expressions of interest campaign, closing on Thursday September 28 at 4pm (AEST). 

“This is a very unique and substantial offering. We have two great tenants with strong leases occupying renovated buildings on over half an acre of centrally located land. This is a trophy property investment that has plenty of upside,” Mr Wright said.

“Ballarat is one of Australia’s fastest growing cities with a current population of 117,240 and forecast to grow to 142,624 by 2036. Our future is strong, our businesses are strong and our demand for quality investments is growing,” Mr Lawson added.

The tenants of the North Star Hotel are highly regarded publicans, also operating the Lake View Hotel on Wendouree Parade.

Ballarat is Victoria’s third largest city and has a rich heritage that was established during the gold rush, with opulent buildings, fountains and tourist attractions. The town is strategically positioned with four main highways connecting it to all major hubs, including Melbourne, Adelaide, Geelong and Portland.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.