For Sale | Hotel/Leisure | 37 Lambert Street, Ararat VIC 3377 | $299,500

Guest Accomodation Investment Opportunity

Set on a large 1360sq.m. allotment with elevation, views & 2 street frontages this property is ideal for future subdivision or development STCA (feasibility report available). Here is a great opportunity for an investor wanting income, a developer wanting land or owner occupier wanting a large, spacious home with Character that provides additional accommodation for family or guests and generates great rental returns. This charming 5 bedroom has been recently renovated and converted to two separate residences. A classic period home with lovely ornate period detail comprises a 3 bedroom house, large living and modern kitchen & bathroom plus a modern, spacious 2 bedroom Unit under roof. Each are fully furnished and currently operating as popular, well patronised short term guest accommodation with a consistent income stream. A convenient central location close to Parks, Shops, Schools, Tourist Attractions, Supermarket & more. All this plus lovely private court yard gardens, large merbau timber deck entertaining area, large covered paved barbeque area & more.

This property is proudly listed by:

First National Real Estate Ararat 179 Barkly Street
Ararat VIC 3377

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Additional information

Property Type Hotel/Leisure
Property ID 41053111921
Street Address 37 Lambert Street
Suburb Ararat
Postcode 3377
Price $299,500
Land Area 1,360 sqm (approx)
Building Area 23 sqm (approx)
Date Available Now