SOLD
Sold on 13 Jun 2024 for $1,400,000

72-74 Adelaide Street
Gol Gol NSW 2738

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2023m2
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Property Details for 72-74 Adelaide St, Gol Gol

Building Type
Commercial
Land Size
2023m2
Local Government
Wentworth
Lot/Plan
1/11/DP758456

Last Listing description (September 2017)

Overlooking the Murray River at Gol Gol is an opportunity to acquire a 20 room 4 star FREEHOLD motel and business where no expense was spared in a refurbishment program completed in 2013. This clean and renewed property that sets a standard is located on a generous 2024 square metre allotment with high exposure highway access and just 8 minutes to Mildura's CBD. The business shows an ever improving trade with the interim June to December 2015 figures almost surpassing the 2014-15 financial year takings, scope for increased turnover and now enjoys a regular loyal clientele. Reception is conveniently located on King Street and adjoins the 2 bedroom owner's residence. There's ample-off street parking, additional visitor parking plus on-street parking for coaches and trucks and a salt water swimming pool. This outstanding prospect delivers a new operator the foundation to build on what already is a quality establishment.

Property History for 72-74 Adelaide St, Gol Gol, NSW 2738

A timeline of how this property has performed in the market
Last Sold
$1,400,000
13 Jun 2024
  • 13 Jun 2024
    Sold for $1,400,000
  • 31 Aug 2023
    Listed for Sale FHGC $2,250,000
  • 07 Mar 2019
    Sold for $700,000
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About Gol Gol 2738

The size of Gol Gol is approximately 19.7 square kilometres. It has 3 parks covering nearly 0.9% of total area. The population of Gol Gol in 2011 was 1,595 people. By 2016 the population was 1,528 showing a population decline of 4.2% in the area during that time. The predominant age group in Gol Gol is 0-9 years. Households in Gol Gol are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gol Gol work in a managers occupation. In 2011, 76.5% of the homes in Gol Gol were owner-occupied compared with 80.8% in 2016.

Gol Gol has 1,264 properties. Over the last 5 years, Houses in Gol Gol have seen a 69.35% increase in median value, while Units have seen a 73.60% increase. As at 30 September 2024:

  • The median value for Houses in Gol Gol is $509,805 while the median value for Units is $299,120.
  • Houses have a median rent of $470 while Units have a median rent of $248.
There are currently 44 properties listed for sale, and no properties listed for rent in Gol gol on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in Gol gol.

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