2 Melrose StreetCulcairn NSW 2660
Property Details for 2 Melrose St, Culcairn
Last Listing description (June 2023)
EXCLUSIVE TO MHB
Rare NSW Entry Level Freehold Motel
Hard to find a better opportunity to enter the freehold and business motel marketplace!
Owner operated for the past 12 years, this beautifully presented 12 x unit motel is an absolute credit to its current owners.
Offering flexible room formatting with queen, twin and family options, swimming pool, BBQ area, ample parking for cars and larger vehicles, reception area, large on-site laundry, spacious commercial kitchen and outstanding plant & equipment.
As an added bonus, the property also provides a recently completely renovated 3 x bedroom family home with private yard and double garaging, all set within immaculately kept gardens and grounds.
The charming township of Culcairn is a popular stopover location of choice for travellers and the Culcairn Motor Inn has been blessed with its fortunate location upon a significant regional motorway linking the Riverina and Central Western regions.
Key Features:
* 12 x immaculately presented motel suites
* Recent refurbishment to all rooms with 40% of bathrooms renovated to date
* Ideally located upon a significant regional highway
* Recently refurbished 3 x bedroom family home with double garage
* Excellent plant & equipment
* 2022 Gold List achiever for NSW Motels as awarded by Star Ratings Australia
* Significant growth due to the construction of solar farms at Culcairn & Walla
Walla starting in 2023
* Situated upon approx. 4,059m2 of RU5 Village Zoned land
Don`t miss this outstanding opportunity. It simply won`t last!
Contact Dan McDonald at MHB direct on 0437 838 368 to discuss and inspect with total confidence.
Property History for 2 Melrose St, Culcairn, NSW 2660
- 28 Mar 2023Sold for $850,000
- 13 Dec 2022Listed for Sale Freehold Going Concern - $1,150,000
- 06 Oct 2010Sold for $560,000
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About Culcairn 2660
The size of Culcairn is approximately 321.6 square kilometres. It has 3 parks covering nearly 0.2% of total area. The population of Culcairn in 2011 was 1,423 people. By 2016 the population was 1,492 showing a population growth of 4.8% in the area during that time. The predominant age group in Culcairn is 10-19 years. Households in Culcairn are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Culcairn work in a managers occupation. In 2011, 76.8% of the homes in Culcairn were owner-occupied compared with 74.2% in 2016.
Culcairn has 934 properties. Over the last 5 years, Houses in Culcairn have seen a 81.01% increase in median value, while Units have seen a 77.87% increase. As at 31 October 2024:
- The median value for Houses in Culcairn is $306,354 while the median value for Units is $272,384.
- Houses have a median rent of $398.
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