49 Tenterfield StreetDeepwater NSW 2371
Property Details for 49 Tenterfield St, Deepwater
Last Listing description (April 2022)
The Commercial Hotel Motel is situated in the village of Deepwater on a 3,746.9m2 corner block on the New England Highway. Deepwater is a short 50km drive South from Tenterfield and 42km drive North from Glen Innes.
Visitors will be able to explore and enjoy Deepwater's historic buildings, railway station, bushwalking, fossicking, picnics, scenic drives, or fishing along the popular Deepwater River. When guests have finished exploring, they can rest in one of the Commercial Hotel Motel's six units each with their own ensuite and quench their thirst at the bar or hunger in the dining room with an outstanding commercial kitchen.
The renown annual Deepwater Picnic Races in January also brings many visitors to the village.
Investment highlights include:
- Public Bar with Single Bar Service
- Dining Room with commercial kitchen
- Lounge seating
- Covered Beer Garden
- 6 Motel units each with own ensuite
- Separate 3 bedroom owners residence with private yard
Current Lease Terms :
- Current Rent : $33,883 per annum ex. GST
- Current Lease Term : Expires 10 October 2022
- Rent Reviews : Annual CPI
-Outgoings : Responsibility of the Lessee
To arrange an inspection or for further information please contact us today.
Property History for 49 Tenterfield St, Deepwater, NSW 2371
- 15 Jun 2022Sold for $435,000
- 28 Nov 2021Listed for Sale $425,000
- 24 Jan 2019Listed for Sale $385,000
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About Deepwater 2371
The size of Deepwater is approximately 506.3 square kilometres. It has 8 parks covering nearly 10.4% of total area. The population of Deepwater in 2011 was 319 people. By 2016 the population was 449 showing a population growth of 40.8% in the area during that time. The predominant age group in Deepwater is 60-69 years. Households in Deepwater are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Deepwater work in a managers occupation. In 2011, 76.4% of the homes in Deepwater were owner-occupied compared with 75.5% in 2016.
Deepwater has 428 properties. Over the last 5 years, Houses in Deepwater have seen a 92.90% increase in median value. As at 31 October 2024:
- The median value for Houses in Deepwater is $257,138.
- Houses have a median rent of $210.
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