FOR SALE
$680,000

87 Napier Street
St Arnaud VIC 3478

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 501m2
Land area: 1164m2
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Two properties, two titles, UNLIMITED investment!

An incredible opportunity awaits!
Investors preach that diversity is key, and here lies the ability to own commercial, residential, and accommodation in the one offering. We present the Manchester Arms / ‘Lamartine’ plus the adjacent property at 11-13 Alma Street, St Arnaud.
Set over an impressive 1164.8m2 (approx.) of Commercial 1 Zoned land, the 1907 building offers a prominent position in St Arnaud, rich in history and many a story, though incredibly, no heritage overlay for future development.
St Arnaud is a town in the historic Northern Grampians Shire that has seen an influx of tree changers and tourism for nearby infrastructure projects and farming stays. On average St Arnaud sees over 100 drive-in/out workers per week, and more than 30 backpackers and farm stay workers with more required. With only three other Airbnb's in town, and limited other accommodation options, the diversity of this investment offers unparallelled returns for a savvy investor or owner-operator.
The hotel downstairs area with two dining areas (one with bar), two outdoor areas, inclusive of front footpath space, has been recently re-fitted with a commercial kitchen and updated tap room with three sets of four head taps & Vectron POS system.
Upstairs can be configured with up to three apartments each with own bathrooms, and five individual accommodation rooms with shared bathrooms, already fitted with compliant fire escape.
The property at 11-13 Alma Street is two converted shops turned residential premises, comprised of a completely renovated two bedrooms, two bathrooms and two living areas plus kitchen/dining. A palm tree planted by the original owners in 1800s isn’t the only feature of the extensive backyard, with an expansive deck, built-in 4-person spa, large firepit and outdoor lounge area, dayroom with full bathroom (making a great outdoor self-contained space), and enough lawn to kick the footy or add some additional airbnb rentals STCA. This dwelling is the perfect place to operate your hotel from or utilise as an Airbnb for additional income.
Offering vacant possession and a quick settlement, this opportunity for the right buyer has significant income generation:
• $5,000pm / $60,000pa for the commercial space.
• $30 per person per night for single/double rooms (perfect for the influx of backpackers and workers), and $250 p/n for each multi-room apartment, once refurbished.
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Property Details for 87 Napier St, St Arnaud

Building Type
Commercial
Floor Size
501m2
Land Size
1164m2

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About St Arnaud 3478

The size of St Arnaud is approximately 70 square kilometres. It has 8 parks covering nearly 29.1% of total area. The population of St Arnaud in 2011 was 2,618 people. By 2016 the population was 2,178 showing a population decline of 16.8% in the area during that time. The predominant age group in St Arnaud is 60-69 years. Households in St Arnaud are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in St Arnaud work in a labourer occupation. In 2011, 76% of the homes in St Arnaud were owner-occupied compared with 75.8% in 2016.

St Arnaud has 1,661 properties. Over the last 5 years, Houses in St Arnaud have seen a 77.87% increase in median value, while Units have seen a 11.44% increase. As at 31 August 2024:

  • The median value for Houses in St Arnaud is $274,855 while the median value for Units is $218,391.
  • Houses have a median rent of $338 while Units have a median rent of $175.
There are currently 17 properties listed for sale, and no properties listed for rent in St arnaud on OnTheHouse. According to CoreLogic's data, 53 properties were sold in the past 12 months in St arnaud.

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Wes Thornton
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Emilly Simmonds
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