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1-15 Princes Highway
Wurruk VIC 3850

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 5000m2
Land area: 4.39ha
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"A GENERATIONAL OPPORTUNITY KNOCKS BUT ONCE"

AN OUTSTANDING 60 ROOM MOTEL & HOTEL COMPLEX WITH MULTIPLE UNTAPPED REVENUE STREAMS.
RAINE & HORNE LAND VICTORIA is pleased to offer this Freehold & Leasehold property situated on 4.39 hectares of premium mixed use and farming zoned land known as :
THE RIVERS HOTEL & MOTEL COMPLEX
1-15 PRINCES HIGHWAY, WURRUK, VICTORIA.
Features include an idyllic outlook to a sweeping lagoon, and surrounding rustic landscape, the built complex comprises significant infrastructure and offers a truly unique blend of untapped potential, existing ongoing secure income from seasonal workers who work at local vegetable farms on rotating 9 months contracts, and outstanding commercial opportunity.
The subject property is situated on the southern side of the Princes Highway, located on the highest profile site in Wurruk on the Princes Highway.
The 'Mixed Use' zoned portion of the property is situated at the north-eastern section of the title and comprises approximately 1.6 hectares (16,000 sqm). The site provides an easterly outlook and water views to the south over a large lagoon together with the surrounding and well-maintained parklands.
A selection of the property features are listed below:
> The Rivers Motel comprises 60 rooms, all of which are a mix of twin, bunk, or double beds together with ensuite bathroom, storage and air-conditioning/heating.
> Permits for permanent, long, and/or short-term accommodation.
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Property Details for 1-15 Princes Hwy, Wurruk

Building Type
Commercial
Floor Size
5000m2
Land Size
4.39ha

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About Wurruk 3850

The size of Wurruk is approximately 9.7 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Wurruk in 2011 was 1,077 people. By 2016 the population was 1,110 showing a population growth of 3.1% in the area during that time. The predominant age group in Wurruk is 10-19 years. Households in Wurruk are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wurruk work in a professional occupation. In 2011, 72.6% of the homes in Wurruk were owner-occupied compared with 72% in 2016.

Wurruk has 613 properties. Over the last 5 years, Houses in Wurruk have seen a 73.78% increase in median value, while Units have seen a 51.62% increase. As at 30 September 2024:

  • The median value for Houses in Wurruk is $651,978 while the median value for Units is $317,112.
  • Houses have a median rent of $365 while Units have a median rent of $220.
There are currently 20 properties listed for sale, and no properties listed for rent in Wurruk on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Wurruk.

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Anthony C Zammit
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Pushpinder P Bajwa
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Raine & Horne Land Victoria
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