25 Berrembed StreetGrong Grong NSW 2652
Property Details for 25 Berrembed St, Grong Grong
Last Listing description (August 2023)
EXCLUSIVE TO MHB
Only Motel in Town! NSW Freehold Motel For Sale.
Having undertaken a recent rejuvenation and refurbishment across the property, an incredible opportunity presents for the entry level motelier to purchase this 10 room motel well-situated adjacent to the busy Newell Highway.
A regrettable sale by vendors who have done all the hard work due to professional work opportunities.
A genuine offering to market for an immediate sale.
Well-presented the motel is set upon approx. 4,030m2 of Village Zoned land and features flexible room formatting with single, queen, twin and family options, fully fenced in-ground salt-water swimming pool, BBQ area, 2 x outdoor undercover pergola areas, ample parking for guest cars, licenced 50 x seat restaurant (not currently operating), reception area, on-site laundry with spacious storage capacity, large commercial kitchen with excellent plant & equipment plus a 2 bedroom residence.
Located in the NSW Riverina region, the township of Grong Grong is ideally situated alongside the Newell Highway, approx. 21kms east of the large regional NSW town of Narrandera.
The motel is conveniently situated approx. 500 metres off the highway in a tranquil setting.
Key Features:
* Neat as a pin 10 room motel
* Perfect for the entry level owner/operator
* Quiet location adjacent to the busy Newell Highway
* Significant rejuvenation undertaken over the last 12 x months
* Commercial kitchen with excellent plant & equipment
* On Premises NSW Liquor Licence
* 16kw solar panels with battery pack installed
* Only been trading for the last 11 x months
* Underutilized restaurant area and commercial kitchen
* Situated upon approx. 4,030m2 of RU5 Village Zoned land
Don`t miss this terrific opportunity. Sure not to last long at this price!
Contact Dan McDonald at MHB direct on 0437 838 368 to book a property inspection.
Property History for 25 Berrembed St, Grong Grong, NSW 2652
- 19 Jul 2023Sold for $217,500
- 24 Feb 2023Listed for Sale Freehold Going Concern $495,000
- 22 Dec 2021Sold for $350,000
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0About Grong Grong 2652
The size of Grong Grong is approximately 550.9 square kilometres. It has 1 park. The population of Grong Grong in 2011 was 394 people. By 2016 the population was 252 showing a population decline of 36.0% in the area during that time. The predominant age group in Grong Grong is 50-59 years. Households in Grong Grong are primarily childless couples and are likely to be repaying not stated per month on mortgage repayments. In general, people in Grong Grong work in a managers occupation. In 2011, 78.1% of the homes in Grong Grong were owner-occupied compared with 76.6% in 2016.
Grong Grong has 388 properties. Over the last 5 years, Houses in Grong Grong have seen a 70.66% increase in median value. As at 31 October 2024:
- The median value for Houses in Grong Grong is $364,883.
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