SOLD
Sold on 02 Sep 2024 for $1,200,000

59 Grafton Street
Copmanhurst NSW 2460

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 10000m2
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Property Details for 59 Grafton St, Copmanhurst

Building Type
Commercial
Land Size
10000m2
Local Government
Clarence Valley
Lot/Plan
13/DP1039613

Last Listing description (April 2023)

Located approximately 30 km from the city of Grafton is the historic village of Copmanhurst and located in the village of Copmanhurst is the iconic Rest Point Hotel. Now, it can be all yours. Copmanhurst is a peaceful village, located on the banks of the Clarence River and is surrounded by beef cattle and timber properties; the village has a pre-school and primary school, parks and plenty of open space a great place to raise a family or just live a quiet life.

The hotel services not only the local village population but also a sprawling rural community beyond as well as day trippers and campers. The hotel is currently the only commercial premises operating in the village, serving drinks, sit down meals and take away, as well as being the local post office. With no other competition in the village and plenty of room both within the existing building and additional vacant land, there is also the opportunity for the new owner to offer a caf, convenience store, fuel, recreation hire, tours and accommodation STCA all from the one location what an opportunity for a family or group to buy it together and generate multiple income streams.

Being the only venue in town, a good flow of clientele has always been enjoyed or with a new owner and energy, it could be grown into something really big. The hotel is well presented both inside and out; it has a single bar operation, a new commercial kitchen has recently been installed, streamlining service efficiency and adjoining the intimate dining area, which flows through to a massive covered deck and beer garden with a sensational outlook. Additional spaces are available for further value adding if desired in the pool room, quiet room and a 2 bedroom managers quarters. With the current lease due to expire soon, the property is being offered for genuine sale with vacant possession and a full handover is available.

Opportunities like this don't come along very often so make sure you declare your interest quickly. $1,395,000

Property History for 59 Grafton St, Copmanhurst, NSW 2460

A timeline of how this property has performed in the market
Last Sold
$1,200,000
02 Sep 2024
  • 02 Sep 2024
    Sold for $1,200,000
  • 16 Sep 2022
    Listed for Sale $1,395,000
  • 19 Aug 2016
    Sold for $1,000,000

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About Copmanhurst 2460

The size of Copmanhurst is approximately 21.9 square kilometres. The population of Copmanhurst in 2011 was 489 people. By 2016 the population was 287 showing a population decline of 41.3% in the area during that time. The predominant age group in Copmanhurst is 60-69 years. Households in Copmanhurst are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Copmanhurst work in a clerical occupation. In 2011, 75.5% of the homes in Copmanhurst were owner-occupied compared with 73.6% in 2016.

Copmanhurst has 209 properties. Over the last 5 years, Houses in Copmanhurst have seen a 56.38% increase in median value. As at 31 October 2024:

  • The median value for Houses in Copmanhurst is $452,404 while the median value for Units is $214,042.
  • Houses have a median rent of $248.
There are currently 6 properties listed for sale, and no properties listed for rent in Copmanhurst on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Copmanhurst.

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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.