FOR SALE
Reduced - $1,300,000

1720 Millaa Millaa Malanda Road
Jaggan QLD 4885

Bedrooms: 10
Bathrooms: 6
Car spaces: 10
Floor area: 624m2
Land area: 1.22ha
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PASSIVE INVESTMENT OPPORTUNITY

Currently providing short term tenancy, the property has an income stream of just over $2000 per week. The Manor is being sold WIWO, it's ready to move in and enjoy a passive income stream.
There is a registered commercial kitchen and licensed restaurant onsite, it’s not operating at the moment but has been very popular with locals and tourists alike in recent times. If you enjoy cooking, you can reap the benefits or there is the potential to sub lease this area out.
The Malanda Manor is ready for its next entrepreneur to take it to its full potential of profitability. Extensively and lovingly renovated, this Grand Old Lady has an array of options to how you would like to operate the business. Situated on popular road that connects the coast with the Tablelands, it has ideal roadside exposure.
In the prior years the establishment has been used for holiday accommodation, murder mystery parties, weddings and small work conferences which have always been well received due to the unique cozy country setting which makes it ideal to bring family, friends and colleagues together. The accommodation and restaurant are council approved with additional approvals in place for a shop and animal farm.
Inside the property features the following:
Ground floor:
- 1 x 2 bedroom apartment which can comfortably accommodate up to 6 guests fully self-contained with kitchenette and private bathroom.
- 2 x Stand alone rooms with shared bathroom and separate shower.
- Common room with pool table and access to the back patio.
- Commercial Kitchen with impressive fit out and new commercial grade flooring installed 2022
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Property Details for 1720 Millaa Millaa Malanda Rd, Jaggan

Building Type
Rural
Floor Size
624m2
Land Size
1.22ha

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About Jaggan 4885

The size of Jaggan is approximately 32.2 square kilometres. The population of Jaggan in 2011 was 593 people. By 2016 the population was 174 showing a population decline of 70.7% in the area during that time. The predominant age group in Jaggan is 60-69 years. Households in Jaggan are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Jaggan work in a professional occupation. In 2011, 78.1% of the homes in Jaggan were owner-occupied compared with 73.9% in 2016..

Jaggan has 101 properties. Over the last 5 years, Houses in Jaggan have seen a 53.54% increase in median value, while Units have seen a 22.01% increase. As at 31 October 2024:

  • The median value for Houses in Jaggan is $618,048 while the median value for Units is $233,326.
There are currently 9 properties listed for sale, and 2 properties listed for rent in Jaggan on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Jaggan.

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Janine Rielly
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Jeanette Suffield
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Elders Real Estate Malanda
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