FOR SALE
$600,000

37 Wirrega Road
Mundulla SA 5270

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
Land area: 2013m2
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Old Mundulla Hotel - Freehold

The Historic Mundulla Hotel is being offered for Sale with a five year lease in place along with 4 x 5 year rights of renewal, the incoming purchaser could also purchase the additional accommodation at 42 Wirrega Road (opposite the hotel) to compliment the Hotel with additional income from the 4 rental properties.
On offer is the Award Winning Hotel located on an approximately 2013m2 corner allotment with the freehold being offered for $600,000.
The Mundulla Hotel is a piece of local History having been a notable land mark since 1884, and during its life has not only been a Hotel but was once a home and also was used as a Bakery, Girl Guide Hall, Art Gallery and Restaurant and in recent years has remained as a Hotel licenced for 200 patrons.
Offering top class meals with many items on the menu sourced locally and within the Limestone Coast region along with local region wine the Hotel brings a Country Feel with a Local Flavour.
If you are looking to add to the Hotel then the accommodation opposite is on offer. The property at 42 Wirrega Road includes a 3 bedroom country cottage along with 3 fully contained units for short stays. Ideal for Bed and Breakfast or even to live in the home and rent out the 3 units, the opportunity is there to increase revenue and customers with the perfectly located accommodation. This is available for $580,000.
Call us for further information and to arrange an inspection.
RLA153432

Property Details for 37 Wirrega Rd, Mundulla

Building Type
Commercial
Floor Size
1m2
Land Size
2013m2

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About Mundulla 5270

The size of Mundulla is approximately 102.6 square kilometres. The population of Mundulla in 2011 was 675 people. By 2016 the population was 408 showing a population decline of 39.6% in the area during that time. The predominant age group in Mundulla is 50-59 years. Households in Mundulla are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mundulla work in a managers occupation. In 2011, 84.4% of the homes in Mundulla were owner-occupied compared with 83% in 2016.

Mundulla has 457 properties. Over the last 5 years, Houses in Mundulla have seen a 114.03% increase in median value, while Units have seen a 90.60% increase. As at 30 November 2024:

  • The median value for Houses in Mundulla is $402,650 while the median value for Units is $528,812.
There are currently 6 properties listed for sale, and no properties listed for rent in Mundulla on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Mundulla.

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Brenton Carson
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RAY WHITE BORDERTOWN & DISTRICT
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