OFF MARKET

123 Dandaloo Street
Narromine NSW 2821

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2391m2
We do not have enough data to display the calculated estimate for this property.
Save

Property Details for 123 Dandaloo St, Narromine

Building Type
Commercial
Land Size
2391m2
Local Government
Narromine
Lot/Plan
1/DP1109811

Last Listing description (December 2020)

The Royal Hotel is a charming country pub located in Narromine, a short minute drive from the busy regional city of Dubbo, NSW.
Well supported by locals, passing holiday makers and tourists, this is a fantastic and affordable opportunity to enter the tightly held passive investment market.
The Hotel is set upon 2,750m2* of combined land over two land parcels.

The Hotel features a public bar, TAB and Keno facilities, commercial kitchen, bistro, beer garden, drive through facility, outdoor undercover area, childrens' play area and air conditioned three bedroom managers residence.

- Excellent return on investment of 8%
- Good location on Narromine's main street
- Strong rural tourist area close to the city of Dubbo
- Lease in place until August 2029 with 2x5 year option periods
- Great tenant in place
- Potential to expand the current business
- An affordable freehold opportunity for the savvy investor

Contact Richard Tegart for an appointment to inspect today!

*approx. Outlines indicative only

Property History for 123 Dandaloo St, Narromine, NSW 2821

A timeline of how this property has performed in the market
Last Sold
$500,000
29 Jul 2022
  • 29 Jul 2022
    Sold for $500,000
  • 21 Dec 2020
    Sold for $492,500
  • 26 Aug 2020
    Listed for Sale $520,000
Sign in to see more transactions

Commute Calculator

About Narromine 2821

The size of Narromine is approximately 1,920.8 square kilometres. It has 13 parks covering nearly 0.3% of total area. The population of Narromine in 2011 was 4,581 people. By 2016 the population was 4,692 showing a population growth of 2.4% in the area during that time. The predominant age group in Narromine is 0-9 years. Households in Narromine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Narromine work in a managers occupation. In 2011, 66.4% of the homes in Narromine were owner-occupied compared with 67.8% in 2016.

Narromine has 2,697 properties. Over the last 5 years, Houses in Narromine have seen a 87.98% increase in median value, while Units have seen a 11.63% increase. As at 28 February 2025:

  • The median value for Houses in Narromine is $360,488 while the median value for Units is $271,433.
  • Houses have a median rent of $450 while Units have a median rent of $300.
There are currently 48 properties listed for sale, and 7 properties listed for rent in Narromine on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Narromine.

Suburb Insights for Narromine 2821

Market Insights
Narromine Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Narromine Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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 liability for any loss or damage arising in connection with the data and information contained in this publication.