OFF MARKET

44 Heber St
Moree NSW 2400

Bedrooms: 16
Bathrooms: -
Car spaces: -
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Last updated 22 Jul 2024
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Property Details for 44 Heber St, Moree

44 Heber St, Moree is a 16 bedroom, 0 bathroom House.

Building Type
House
Local Government
Moree Plains

Last Listing description (January 2024)

The Imperial (44 Heber St)
*Established in 1929, the Imperial is arguably the most recognisable building in Moree, presenting old world charm at every turn. With considerable opportunity available in every department within the hotel, the undeniable strength of attributes will entice any astute operator.

*Located in the centre of Moree CBD the Imperial has 16 rooms consisting of double/single bed, wardrobe, vanity, air-conditioning and shared laundry bathroom. All rooms have their own double doors onto a balcony. The rooms upstairs are rented out at $210 per week each.

*The downstairs area used to be a pub and still has the bar area, two cool rooms, a large commercial kitchen, a lot of storge space, both men's and women's toilets and back lane access. Would make for a great restaurant. The pub area is Currently vacant.

*Also down stairs is a 120m shop space with street frontage and kitchenette currently tenanted till the 29/02/2024. At $1,646 per month.

*So with the rent from the shop and the upstairs rooms the yearly returns are $194,472 that's not including the pub.

*Total Strata levies for the Imperial are $21,681 per year.

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Property History for 44 Heber St, Moree, NSW 2400

A timeline of how this property has performed in the market
  • 16 Aug 2023
    Listed for Sale $1,300,000

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About Moree 2400

The size of Moree is approximately 3,870 square kilometres. It has 37 parks covering nearly 1.1% of total area. The population of Moree in 2011 was 9,346 people. By 2016 the population was 9,324 showing a population decline of 0.2% in the area during that time. The predominant age group in Moree is 0-9 years. Households in Moree are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Moree work in a professional occupation. In 2011, 55.3% of the homes in Moree were owner-occupied compared with 52.6% in 2016.

Moree has 5,513 properties.

    There are currently 68 properties listed for sale, and 34 properties listed for rent in Moree on OnTheHouse. According to CoreLogic's data, 217 properties were sold in the past 12 months in Moree.

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