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Posted: 2019-07-24 00:45:00

A Ballarat pub that has long stopped serving beer has room for a large family or could be used as an investment.

The 202 Lyons St South, Ballarat Central property offers spacious living on each floor, with separate access, and a front area that could be ideal as a shop or to run a business from.

A clothing-related business currently operates from the corner block property that has attracted interest from buyers looking to run an Airbnb or use as an office.

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202 Lyons Street South Ballarat Central

High ceilings and large windows allow plenty of light.

202 Lyons Street South Ballarat Central

Ample room to dine and entertain.

The property still has a cellar, with a barrel drop, and could be used for storage or a large wine collection.

“It would have been a well-known building in its day but the pub closed in 1960,” Buxton Ballart director Mark Nunn said.

“Listings such as this are rare and it is just two blocks from the CBD and both floors are self-contained.”

The property has income-generating potential as the vendor requires a rent back period of 12 months.

It has bluestone foundations and was built around the 1850s but has been renovated and retains period features.

The property, with a $1.2-$1.3 million price guide, can hardly be missed being set on a corner block and with an old mural of `Ballarat Bertie’, a logo of the Ballarat Brewing Company, on an outside wall.

202 Lyons Street South Ballarat Central

One of two kitchens.

202 Lyons Street South Ballarat Central

It has a prominent corner position.

The 434sq m site is close to amenities and new owners with children will enjoy being in the catchment for Ballarat High School.

The upper storey has two bedrooms, a beautiful formal lounge or drawing room and retains high ceilings, scrolled archways, cornice and ceiling roses and old timber doors.

High skirtings, exposed old brick walls and tall sash windows are complemented by a fireplace with a handmade timber mantelpiece. The dining zone has an original decorative brick fireplace.

On the ground floor are two more bedrooms, a kitchen and living area. Part of this floor is a large work area with high ceilings, picture rails and tall windows.

A second work space has an office with a powder room, kitchenette and access to a courtyard garden, and there is also a carport and garage.

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