For Sale by Expressions of Interest
Positioned in the idyllic village of Morpeth, the two-storey historic River Royal Inn presents an excellent freehold opportunity. Built in 1876, 97 Swan Street is located just 14 minutes* from Maitland and 40 minutes* from Newcastle. The River Royal Inn is a beautifully renovated, historic hotel premises to be sold with vacant possession. The offering includes the freehold property on a walk in, walk out basis including the hotel liquor license, plant and equipment.
- 1,442sqm* site area
*Approximately
The size of Morpeth is approximately 4.8 square kilometres. It has 2 parks covering nearly 4.3% of total area. The population of Morpeth in 2011 was 1,261 people. By 2016 the population was 1,403 showing a population growth of 11.3% in the area during that time. The predominant age group in Morpeth is 60-69 years. Households in Morpeth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morpeth work in a professional occupation. In 2011, 74.8% of the homes in Morpeth were owner-occupied compared with 67.4% in 2016.
Morpeth has 891 properties. Over the last 5 years, Houses in Morpeth have seen a 56.47% increase in median value, while Units have seen a 55.74% increase. As at 31 August 2024:
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