11 Sharpe StreetCandelo NSW 2550
Property Details for 11 Sharpe St, Candelo
Last Listing description (October 2023)
The Candelo Hotel is situated in the picturesque Bega Valley on route to the Sapphire Coast NSW.
Positioned on a large double block this hotel has room to move with over 4000 sqm with development opportunities.
The hotel has a TAB, KENO, main bar, bistro (which can seat 100 for lunch and dinner) and a 2 bedroom residence with an additional 2 rooms which can be rented or used for the family. The hotel also has a rear beer garden and rear function area where patrons can utilise the space.
Showing growth each year despite the adversity of bush fire and Covid 19 the hotel is a great opportunity to start your new career within the Hotel Industry.
During the recent lockdown the hotel was repainted and new furnishings were purchased. The hotel is a popular stop for passing tourists, grey nomads, bike riders and motorcyclists who enjoy a cold beverage & meal. This hotel trades 7 days per week with limited operational hours earlier in the week.
The hotel is now open for inspection.
Property History for 11 Sharpe St, Candelo, NSW 2550
- 22 Feb 2023Listed for Sale FHGC - All Reasonable Offers Considered
- 08 Aug 2022Sold for $495,000
- 11 Sep 2014Sold for $500,000
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About Candelo 2550
The size of Candelo is approximately 96.9 square kilometres. It has 1 park covering nearly 4.5% of total area. The population of Candelo in 2011 was 733 people. By 2016 the population was 698 showing a population decline of 4.8% in the area during that time. The predominant age group in Candelo is 50-59 years. Households in Candelo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Candelo work in a professional occupation. In 2011, 78.5% of the homes in Candelo were owner-occupied compared with 79.1% in 2016.
Candelo has 457 properties. Over the last 5 years, Houses in Candelo have seen a 62.93% increase in median value, while Units have seen a 50.25% increase. As at 31 October 2024:
- The median value for Houses in Candelo is $842,498 while the median value for Units is $738,086.
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