OFF MARKET

180 Wallace Street
Braidwood NSW 2622

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 77m2
Land area: 2075m2
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Property Details for 180 Wallace St, Braidwood

180 Wallace St, Braidwood is a 2 bedroom, 1 bathroom House and was built in 1850. The property has a land size of 2075m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
House
Year Built
1850
Floor Size
77m2
Land Size
2075m2
Local Government
Queanbeyan-Palerang Regional
Lot/Plan
2/DP711400

Last Listing description (May 2017)

Is an Historic Georgian hotel built in 1859 comprised of 4 levels, stone foundations, brick walls, shingled (bloodwood) roof.
This partially completed restoration project includes:
Newly constructed basement/cellar with brick walls and concrete floor.

New glycol beer system, refrigeration compressor, post mix compressor.
Ground level - 4 open fire places. Western red cedar bar with 6 beers on tap, commercial kitchen, 30 seater downstairs dining room, 30 seater upstairs dining room (above kitchen), 10 seater overflow dining room/lounge. Newly constructed male and female amenities. Pool room and jukebox. Storeroom with shelving, deep freezer. Spacious brick paved courtyard area.
Middle level - opening onto balcony with Function space/ballroom (unfinished). 8 inch oregan tongue and groove floor, walls hard plastered and French doors to balcony.
Top/Attic level - Accommodation (unfinished). 9 rooms, 3 bathrooms, Plumbing, water and electricity done.
EXISTING BUSINESS:
Low turnover existing business which basically covers holding costs.
Opening limited hours - with NO visible advertising or internet promotion.
Loyal local trade comprising of tradesmen, hipsters, artists, rural works, farmers and families.
Demographic 18-75 yo.
Good program of live music
Attracts a lot of passing trade out of interest in the building and interest in food.
Weddings in town attract a lot of wedding groups for pre-wedding dinner/drinks etc.
There is no catered/licensed function area of this size in the town
Food - Pub staples on offer (steak/parma) as well as interesting specials for our foodie clientele.
Would operate very well as a gastro pub as food is really important to the business, the quality drastically effects takings/sales.
Starting to attract Car Clubs
No website and hardly any signage so big potential here
Located in the quieter end of Main Street which results in ample parking which is a problem at the other end.
Customers like the 'traditional pub' feel and like that there are no pokies.
INTERESTING FACTS:
Originally called the Commercial Hotel as it was pitched at Commercial Travellers who did business out of 2 dedicated back rooms (now the toilets).
The blue cottage was the first building on the site built in the late 1830's. The shop building was built by William Booth (a tailor), a single storey, glass fronted timber shop on Wallace St. The kitchen building was originally a bakery, single storey and set back from Park Lane. When the pub was built by William booth it was extended to Park Lane and an extra level added. It is noted on a town map as the Mechanic Institute but never was. It was offered as a public space and used initially by the by the Literary Institute.
The first Royal Commission into Police Corruption was held as the result of event that occurred at the Hotel involving the Clarke Bros Bushrangers.
Mick Jagger drank and played the piano at the Hotel during the filming of Ned Kelly in the 1960's.
The Year My Voice Broke starring Noah Taylor and Ben Mendelson was filmed at the Hotel in the 1980's.
It is the only surviving 3 storey corner hotel building of the Georgian era with a cantilever verandah in Australia.
The provision of the ballroom appears to be unique in Australia.
For further details please contact Gregory May 0411 723 470 or Daniel Krobot 0411 215 339.

Property History for 180 Wallace St, Braidwood, NSW 2622

A timeline of how this property has performed in the market
Last Sold
$690,000
22 Aug 2017
  • 22 Aug 2017
    Sold for $690,000
  • 22 Aug 2017
    Sold for $450,000
  • 11 Aug 2016
    Listed for Sale Not Disclosed
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About Braidwood 2622

The size of Braidwood is approximately 234.6 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Braidwood in 2011 was 1,498 people. By 2016 the population was 1,641 showing a population growth of 9.5% in the area during that time. The predominant age group in Braidwood is 50-59 years. Households in Braidwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Braidwood work in a professional occupation. In 2011, 70.3% of the homes in Braidwood were owner-occupied compared with 65.7% in 2016.

Braidwood has 1,299 properties. Over the last 5 years, Houses in Braidwood have seen a 70.52% increase in median value, while Units have seen a 4.04% increase. As at 31 October 2024:

  • The median value for Houses in Braidwood is $716,790 while the median value for Units is $459,920.
  • Houses have a median rent of $525 while Units have a median rent of $410.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Braidwood on OnTheHouse. According to CoreLogic's data, 64 properties were sold in the past 12 months in Braidwood.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.