1 Conrod Straight Mount Panorama NSW 2795
Property Details for 1 Conrod Straight, Mount Panorama
Last Listing description (November 2011)
CITIGATE MOUNT PANORAMA BATHURST, NSW
CBRE Hotels is pleased to announce the sale of Citigate Mount Panorama Bathurst.
- 4 star hotel with 135 serviced apartments, each with uninterrupted views of the racing circuit and Bathurst region
- Facilities include rooftop function area, generous conferencing spaces, licensed bar and restaurant, pool and spa, gymnasium, tennis court, secure parking
- Currently operated by Mirvac Hotels & Resorts under the Citigate brand, with the option of vacant possession available
- Virtually new and offers substantial depreciation benefits and excellent income growth potential
- All apartments are strata titled, currently held 'in one line' - sell-down opportunity available for incoming owner
- Asset enjoys strong national and international profile, supported by an established local calendar of events and regional economy
For sale by Expressions of Interest, closing Thursday 16 June 2011.
Property History for 1 Conrod Straight, Mount Panorama, NSW 2795
- 20 May 2011Listed for Sale Not Disclosed
- 26 Mar 2004Sold for $165,000
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About Mount Panorama 2795
The size of Mount Panorama is approximately 6.9 square kilometres. It has 5 parks covering nearly 9.8% of total area. The population of Mount Panorama in 2011 was 871 people. By 2016 the population was 110 showing a population decline of 87.4% in the area during that time. The predominant age group in Mount Panorama is 30-39 years. Households in Mount Panorama are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Panorama work in a managers occupation. In 2011, 51% of the homes in Mount Panorama were owner-occupied compared with 88.6% in 2016..
Mount Panorama has 214 properties. Over the last 5 years, Houses in Mount Panorama have seen a 46.14% increase in median value, while Units have seen a 199.33% increase. As at 31 October 2024:
- The median value for Houses in Mount Panorama is $1,035,695 while the median value for Units is $467,778.
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