6415 Newell HighwayGilgandra NSW 2827
Property Details for 6415 Newell Hwy, Gilgandra
Last Listing description (December 2020)
MAKE AN OFFER, we are offering for sale the leasehold business of the The Village Motor Inn located in central west NSW town of Gilgandra. Situated on a major highway this business is looking for an operator who can see the potential.
The motel comprises of 32 units in total comprising 8 motel rooms and 24 cabins which are built around a fully licensed Al-a-carte restaurant. The outdoor area is the ideal spot to enjoy pre-dinner drinks in the natural shade. Other facilities such as a pool and BBQ area are also available.
This business is priced to sell quickly, so for further information call now.
Property Code: 653
Property History for 6415 Newell Hwy, Gilgandra, NSW 2827
- 21 Dec 2023Sold for $500,000
- 29 Jul 2020Listed for Sale LEASEHOLD $100,000 MAKE AN OFFER
- 26 Mar 2019Listed for Sale $1,050,000
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About Gilgandra 2827
The size of Gilgandra is approximately 656.5 square kilometres. It has 18 parks covering nearly 0.5% of total area. The population of Gilgandra in 2011 was 3,144 people. By 2016 the population was 3,127 showing a population decline of 0.5% in the area during that time. The predominant age group in Gilgandra is 50-59 years. Households in Gilgandra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gilgandra work in a community and personal service occupation. In 2011, 65.4% of the homes in Gilgandra were owner-occupied compared with 64.1% in 2016.
Gilgandra has 1,895 properties. Over the last 5 years, Houses in Gilgandra have seen a 80.50% increase in median value, while Units have seen a 35.34% increase. As at 31 July 2024:
- The median value for Houses in Gilgandra is $234,046 while the median value for Units is $465,643.
- Houses have a median rent of $350.
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