OFF MARKET

2-6 Mitchell Street
Mathoura NSW 2710

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 21090m2
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Property Details for 2-6 Mitchell St, Mathoura

Building Type
Commercial
Land Size
21090m2
Local Government
Murray River
Lot/Plan
1/DP816258

Last Listing description (June 2020)

The Redgum Country Motor Inn' a fantastic opportunity to purchase a smaller well priced business in the peaceful 'Red Gum' capital of Australia - Mathoura - just North of the thriving tourist town of Echuca - the heart of the Murray River and alongside the largest Redgum forest in the world and South of Deniliquin, Southern NSW. With the large surge in the general population looking to explore the ambience of the natural environment, fishing, bush walking or just a quiet weekend away this is a rare opportunity for the right purchaser to further develop and grow this well established business. This 4 star solid brick motel is set on 7 acres of picturesque land between the Bowling and golf clubs and consists of 16 large private rooms (12 x standard, 3 x family, and 1 extra large family room), 2 fully self contained 2 bedroom units, and a centrally located neat and tidy managers residence. Other features include front office, kitchen, laundry, in-ground pool and BBQ entertaining area. All rooms are extremely neat and tidy with drive up access for patrons. All rooms have newly installed split system AC and 8 of the rooms have undergone full refurbishment in the last 18 months with all other rooms bar one having full bathroom refurbishment. The vendor is ready for retirement after 20 years in the business and wishing to sell on a freehold, 'Walk in Walk out' basis. Public reviews on the motel are very favourable and the surrounding town, forest and river system provide the services, entertainment and activities to keep clients and patrons very satisfied and wanting to return. Ideally suited to owner occupiers with energy to explore and execute the growth opportunities available. Financials, floor plans and private inspections are available from the vendors exclusive agent.

Property History for 2-6 Mitchell St, Mathoura, NSW 2710

A timeline of how this property has performed in the market
Last Sold
$440,000
17 Apr 1997
  • 22 Aug 2024
    Sold for $1,000,000
  • 04 Jun 2020
    Listed for Sale $1,000,000 Negotiable
  • 17 Apr 1997
    Sold for $440,000

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About Mathoura 2710

The size of Mathoura is approximately 546.2 square kilometres. It has 8 parks covering nearly 50.6% of total area. The population of Mathoura in 2011 was 1,163 people. By 2016 the population was 930 showing a population decline of 20.0% in the area during that time. The predominant age group in Mathoura is 60-69 years. Households in Mathoura are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mathoura work in a managers occupation. In 2011, 76% of the homes in Mathoura were owner-occupied compared with 76.4% in 2016.

Mathoura has 692 properties. Over the last 5 years, Houses in Mathoura have seen a 20.30% increase in median value, while Units have seen a 66.95% increase. As at 31 October 2024:

  • The median value for Houses in Mathoura is $308,169 while the median value for Units is $234,784.
There are currently 9 properties listed for sale, and no properties listed for rent in Mathoura on OnTheHouse. According to CoreLogic's data, 30 properties were sold in the past 12 months in Mathoura.

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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.