10 Lydiard Street NBallarat Central VIC 3350
Property Details for 10 Lydiard St N, Ballarat Central
Last Listing description (May 2022)
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
Property History for 10 Lydiard St N, Ballarat Central, VIC 3350
- 06 Nov 2019Listed for Sale Contact Agent
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About Ballarat Central 3350
The size of Ballarat Central is approximately 3.8 square kilometres. There are 5 parks, covering nearly 3.7% of the total area. The population of Ballarat Central in 2016 was 5328 people. By 2021 the population was 5378 showing a population growth of 0.9% in the area during that time. The predominant age group in Ballarat Central is 20-29 years. Households in Ballarat Central are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ballarat Central work in a professional occupation.In 2021, 57.60% of the homes in Ballarat Central were owner-occupied compared with 56.90% in 2016.
Ballarat Central has 4,498 properties. Over the last 5 years, Houses in Ballarat Central have seen a 1.84% increase in median value, while Units have seen a 19.50% increase. As at 31 July 2026:
- The median value for Houses in Ballarat Central is $730,935 while the median value for Units is $506,508.
- Houses have a median rent of $450 while Units have a median rent of $405.
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