FOR SALE
$1,295,000

313 Grey Street
Glen Innes NSW 2370

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 970m2
Land area: 1000m2
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Historic Brick Country Hotel On Main Street

Country Wide Property is delighted to present for sale the historic Great Central Hotel, located in the beautiful town of Glen Innes.
Occupying a commanding 1000 sqm corner sight on the main street of Glen Innes, the hotel garners attention from locals & tourists alike. Built in 1874 with the sweeping verandahs which envelop the two storey building added post 1907, this solid brick pub is an icon of the town.
Proudly operating with no poker machines, the hotel is a favorite in the community offering live music, daily specials, separate restaurant dining area, public bar & accommodation. With two operating bars, the venue is well equipped to cater to functions while maintaining regular service, allowing you to increase your weekly revenue.
Upstairs there is a three bed managers residence and 13 lettable rooms with men's & women's shower and bathroom facilities, offering great revenue with fantastic upsell opportunities with the bar and restaurant downstairs.
The premises has recently been leased for a 10 year period starting on 22/07/24. The lease includes all outgoings excluding insurance.
Key Investment Highlights
* Freehold going concern offering genuine flexibility with the ability to occupy, invest or redevelop
* Ability to generate multiple revenue streams with cafe, bar, restaurant, catering & accommodation services.
* 34 Kwh Solar System
* Two operational bars
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Property Details for 313 Grey St, Glen Innes

Building Type
Commercial
Floor Size
970m2
Land Size
1000m2

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About Glen Innes 2370

The size of Glen Innes is approximately 198.3 square kilometres. It has 20 parks covering nearly 3.2% of total area. The population of Glen Innes in 2011 was 6,135 people. By 2016 the population was 6,146 showing a population growth of 0.2% in the area during that time. The predominant age group in Glen Innes is 60-69 years. Households in Glen Innes are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glen Innes work in a professional occupation. In 2011, 67.6% of the homes in Glen Innes were owner-occupied compared with 65.3% in 2016.

Glen Innes has 3,825 properties. Over the last 5 years, Houses in Glen Innes have seen a 83.52% increase in median value, while Units have seen a 46.20% increase. As at 30 September 2024:

  • The median value for Houses in Glen Innes is $344,092 while the median value for Units is $280,217.
  • Houses have a median rent of $360 while Units have a median rent of $260.
There are currently 71 properties listed for sale, and 3 properties listed for rent in Glen innes on OnTheHouse. According to CoreLogic's data, 155 properties were sold in the past 12 months in Glen innes.

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Matthew Velcich
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