FOR SALE
$1,690,000

81-91 Byron Street
Inverell NSW 2360

Bedrooms: 4
Bathrooms: 3
Car spaces: 12
Floor area: 800m2
Land area: 1776m2
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"The Australian Hotel Inverell"

An outstanding commercial opportunity in the heart of the Inverell CBD. The 'Australian Hotel' Inverell has been an iconic building for over a century. Set on a prime 1776sqm commercial allotment with over 33 metres main street frontage. The lower level of the building consists of various open areas, two bars a large dining room, a fully operational commercial kitchen, beer garden/dance floor and various offices/storerooms. There is a separate commercial tenancy showing a healthy return with a long term tenant in place. The upper level of the building consists of a 2 bedroom managers residence, recreation room, kitchen, separate bathrooms and 20 accommodation rooms (showing a regular occupancy). The entire building on the lower level has multiple split system reverse cycle air-conditioners for heating and cooling including open fire places adding to the charm of the building. Rear lane access with generous off street parking, 4 car garage and a large storage shed currently leased separately for storage. Solar system installed. The property has a current liquor licence with extended trading hours making it the go to venue on a Saturday night. Full inventory available including cool rooms, commercial kitchen, furniture and so much more. The property has a large scope for expansion with some planning. The sale includes the Freehold property with a long term lease on the bar/kitchen/dining area, a separate commercial tenancy, storage leases and the accommodation to be leased out separately. Genuinely For Sale as the current owners restructure their assets. For further particulars or an 'Information Memorandum' contact Ron Berkley 0417-612 660 of Ray White Inverell.

Property Details for 81-91 Byron St, Inverell

81-91 Byron St, Inverell is a 4 bedroom, 3 bathroom House with 12 parking spaces. The property has a land size of 1776m2 and floor size of 800m2. The place is currently for sale with Ray White Rural Inverell.

Building Type
House
Floor Size
800m2
Land Size
1776m2

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About Inverell 2360

The size of Inverell is approximately 208.6 square kilometres. It has 25 parks covering nearly 6.2% of total area. The population of Inverell in 2011 was 11,399 people. By 2016 the population was 11,682 showing a population growth of 2.5% in the area during that time. The predominant age group in Inverell is 0-9 years. Households in Inverell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Inverell work in a labourer occupation. In 2011, 65.2% of the homes in Inverell were owner-occupied compared with 61.9% in 2016.

Inverell has 6,500 properties. Over the last 5 years, Houses in Inverell have seen a 67.04% increase in median value, while Units have seen a 39.80% increase. As at 31 July 2024:

  • The median value for Houses in Inverell is $358,529 while the median value for Units is $277,869.
  • Houses have a median rent of $380 while Units have a median rent of $300.
There are currently 102 properties listed for sale, and 27 properties listed for rent in Inverell on OnTheHouse. According to CoreLogic's data, 273 properties were sold in the past 12 months in Inverell.

Suburb Insights for Inverell 2360

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Ron Berkley
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Tyler Berkley
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Ray White Rural Inverell
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.