SOLD
Sold on 11 Apr 2024 for $890,000

1 Sladen Street
Henty NSW 2658

Bedrooms: 12
Bathrooms: 4
Car spaces: 4
Land area: 1669m2
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Property Details for 1 Sladen St, Henty

1 Sladen St, Henty is a 12 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 1669m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 12 bedroom House sold in Henty in the last 12 months.

Building Type
House
Land Size
1669m2
Local Government
Hume
Lot/Plan
1/DP946953

Last Listing description (April 2023)

Only Hotel In Town!

MHB are pleased to offer for sale the Freehold Going Concern Business of the Doodle Cooma Arms Hotel located in Henty NSW.

The Doodle Cooma Arms Hotel first opened its doors in 1889 as the town's first pub and public meeting place, and 130 years later it remains the only pub in town.

Rebuilt in 1918, this historic two-storey pub boasts a public bar, commercial kitchen, dining room, bistro, beer garden, 11 accommodation rooms plus a great sized residence.

In 2017 the hotel underwent a vast and varied amount of capital works that included the repair of some structural issues, new roof, along with upgrading to a more successful kitchen operation, and upgrades to the accommodation rooms and facilities has brought the hotel forward into today`s standards and has now provided a far greater occupancy and customer satisfaction within the hotel's accommodation offering.

This wonderful example of a classic country hotel will not disappoint with many business options to enhance the existing turnover with the right motivated operator. These include the potential to operate a drive thru bottle shop via a roller door at the rear of the hotel adjoining the massive car park that also is the home of 2 x large sheds that could double as bulk purpose storage as well as housing the Toyota van and forklift that is also included in the hotel sale. Other recent upgrades encompass the most important part of any pub being the beer system which has been upgraded to a glycol system with all new FOBS, beer line cleaning system, new cool room condenser and of course the Andale glycol system itself.

This beautiful old pub also has a very tidy and larger than normal beer garden that houses an updated playground and near new outdoor stage and oversized undercover area at the rear of the building. Upstairs, the accommodation rooms offer a healthy mix of twin single, family and double options that are currently offered below the market rate. There is also a "managers" residence which has been recently updated with new kitchen and bathroom.

Being the only watering hole in the town that offers accommodation also it is always popular with the influx of workers required for the HUGE Henty field days held annually and is booked out for weeks both sides and during the event. The hotel has a very strong local following and enjoys a great amount of support from all the local sporting bodies in the area and of course the local street fair is another bigger trading period. Currently the kitchen offers 3 nights and 2 days of full kitchen menu with the remaining days offering a COGS friendly pizza menu 7 days a week. Like any great country pub, the focus is on the beverage side of the business with an approx. revenue split of 65/35 in favour of beverage over food.

Delivering consistent turnover this is a pub that has a TRUE captured market with zero direct competition and is primed and ready for owner operator or clever investor.

Key Features:

* Multiple income streams across food, beverage and accommodation
* Public bar, commercial kitchen, bistro, dining
* Large undercover beer garden, playground
* 11 x hotel style accommodation rooms
* Home of the famous annual Henty Field Days
* Strong local following/sports sponsor
* 11 x hotel style accommodation rooms
* Strong Pizza sales - currently run 7 x days per week
* Situated upon approx. 1,663m2 of Village (RU5) Zoned land

This is the perfect opportunity for an astute investor who could purchase the freehold and offer a long secure lease for a healthy return or the owner operator to continue the growth of this historic pub.

Contact Dan McDonald at MHB to arrange an inspection.

Property History for 1 Sladen St, Henty, NSW 2658

A timeline of how this property has performed in the market
Last Sold
$890,000
11 Apr 2024
  • 11 Apr 2024
    Sold for $890,000
  • 10 Feb 2023
    Sold for $520,000
  • 02 May 2022
    Listed for Sale INDICATIVE PRICE $870,000 plus SAV
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About Henty 2658

The size of Henty is approximately 354.1 square kilometres. It has 1 park covering nearly 3.1% of total area. The population of Henty in 2011 was 1,136 people. By 2016 the population was 1,238 showing a population growth of 9.0% in the area during that time. The predominant age group in Henty is 60-69 years. Households in Henty are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Henty work in a managers occupation. In 2011, 72.4% of the homes in Henty were owner-occupied compared with 71.3% in 2016.

Henty has 920 properties. Over the last 5 years, Houses in Henty have seen a 74.96% increase in median value, while Units have seen a 127.91% increase. As at 31 October 2024:

  • The median value for Houses in Henty is $317,309 while the median value for Units is $241,711.
  • Houses have a median rent of $350.
There are currently 6 properties listed for sale, and no properties listed for rent in Henty on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Henty.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.