FOR SALE
$985,000 plus gst if applicable

43 Park Street
Omeo VIC 3898

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 640m2
Land area: 3141m2
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MOTEL FREEHOLD FOR SALE, WITH EXCELLENT RETURN

Invest in the beautiful High Country of Victoria, this well established motel comprises 10 well presented rooms, a self contained cottage and 2 bedroom residence. A long lease plus options in place and annual rent reviews.
Perched in an elevated position overlooking the town, close to eateries, walking and cycling tracks, Omeo is a popular destination all year round being the gateway to ski fields and other alpine activities. The natural beauty of the area ensures a steady stream of visitors throughout the year.
Tenant pays all outgoings, annual rent reviews, long lease with options. This is a great opportunity for the astute investor, call today for further details.
$985,000 (plus gst if applicable).

Property Details for 43 Park St, Omeo

Building Type
Commercial
Floor Size
640m2
Land Size
3141m2

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About Omeo 3898

The size of Omeo is approximately 587.9 square kilometres. It has 6 parks covering nearly 87.8% of total area. The population of Omeo in 2011 was 488 people. By 2016 the population was 388 showing a population decline of 20.5% in the area during that time. The predominant age group in Omeo is 60-69 years. Households in Omeo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Omeo work in a managers occupation. In 2011, 69.6% of the homes in Omeo were owner-occupied compared with 70.3% in 2016.

Omeo has 652 properties. Over the last 5 years, Houses in Omeo have seen a 97.23% increase in median value, while Units have seen a 234.79% increase. As at 31 July 2024:

  • The median value for Houses in Omeo is $389,231 while the median value for Units is $347,036.
  • Houses have a median rent of $220.
There are currently 5 properties listed for sale, and 1 property listed for rent in Omeo on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Omeo.

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Steve Holmes
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LJ Hooker Bairnsdale
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