SOLD
Sold on 19 Jan 2024 for $1,050,000

5909 Tweed Valley Way
Mooball NSW 2483

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2017m2
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Property Details for 5909 Tweed Valley Way, Mooball

Building Type
Commercial
Land Size
2017m2
Local Government
Tweed
Lot/Plan
1/DP123205

Last Listing description (October 2023)

The Victory Hotel Mooball is a rare opportunity not to be missed. After being held by the same family for over 50 years The Victory Hotel freehold is now presented for sale by expressions of interest.

The Victory Hotel has been operating without Gaming Machines since November 2021, when the 9 GME's were leased to other hotels. These leases concluded in September 2023. Today a purchaser can buy the 9 valuable Victory GMEs attached to the license or offer a price for the hotel excluding gaming (with the 9 GME's to be sold to outside hoteliers).


Even without the pokie income, the 2023 year has resulted in the lessee achieving in excess of $900,000 in sales through food and beverage income streams.

The charming village of Mooball, known for its community spirit, is nestled in the valley of the Mount Warning Caldera just 20 minutes north of Byron Bay and 10 minutes from the Tweed Coast. This little pub has much on offer with good old-fashioned country hospitality in a relaxed atmosphere.

The Victory Hotel is a 2-storey brick hotel with verandah overlooking the Tweed Valley Way. A hotel that blends the outdoors with the indoors, taking advantage of the great climate, all the patron facilities and more are provided. Bar, with TAB, separate gaming room, dining room and outdoor covered deck, swimming pool, tennis court, 6 guestrooms (not currently in use) and self-contained licensee's unit.

On February 13th 2017 The NSW Department of Planning and Environment gave permission for the rezoning of 50 hectares of land immediately behind the Victory Hotel, to a major residential development "Sunrise Mooball" www.sunrisemooball.com.au .

The rezoning allows for approx. 250 new homes which potentially will see the village population grow from 194 to 750 residents. These lots will be in varying sizes with mixed zoning across the site allowing blocks from 450m2 to 5ha.

Opened in March 2023 the Tweed section of The Northern Rivers Rail Trail is an exciting addition to the area. A drawcard for walkers, hikers, runners and cyclists, the rail trail follows the old North Coast railway line. It will offer a unique way to explore the region while helping to preserve the area's history and heritage.

With figures of 70,000 visitors utilising the trail in the first 4 months, this has already had a significant impact on The Victory Hotel's trade.

Act now to secure this rare opportunity, contact us today on 0417 252 199

MARKETING VIDEO https://www.hotelbroker.com.au/site/files/ul/data_text10/4712966.mp4

Property History for 5909 Tweed Valley Way, Mooball, NSW 2483

A timeline of how this property has performed in the market
Last Sold
$1,050,000
19 Jan 2024
Listed for Rent
22 Dec 2017
  • 19 Jan 2024
    Sold for $1,050,000
  • 18 Oct 2023
    Listed for Sale Expressions of Interest
  • 22 Sep 2017
    Listed for Rent - Price not available

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About Mooball 2483

The size of Mooball is approximately 11 square kilometres. The population of Mooball in 2011 was 377 people. By 2016 the population was 193 showing a population decline of 48.8% in the area during that time. The predominant age group in Mooball is 50-59 years. Households in Mooball are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mooball work in a managers occupation. In 2011, 69.1% of the homes in Mooball were owner-occupied compared with 71.9% in 2016.

Mooball has 78 properties. Over the last 5 years, Houses in Mooball have seen a 80.49% increase in median value. As at 30 September 2024:

  • The median value for Houses in Mooball is $1,084,729.
There are currently 2 properties listed for sale, and no properties listed for rent in Mooball on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Mooball.

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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.