GOLDEN OPPORTUNITY
THIS IS A GOLDEN OPPORTUNITY TO PURCHASE A 12 ROOM MOTEL IN PRIME LOCATION AND SET ON 1400M2 GARDEN BLOCK. ADJOINING LAND AVAILABLE FOR FUTURE DEVELOPMENT. ZONING ALLOWS FOR A RANGE OF COMMERCIAL USAGES, SUBJECT TO BMCC APPROVAL.
The size of Mount Victoria is approximately 16.5 square kilometres. It has 14 parks covering nearly 22.5% of total area. The population of Mount Victoria in 2011 was 894 people. By 2016 the population was 1,005 showing a population growth of 12.4% in the area during that time. The predominant age group in Mount Victoria is 50-59 years. Households in Mount Victoria are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Victoria work in a professional occupation. In 2011, 77.5% of the homes in Mount Victoria were owner-occupied compared with 76.2% in 2016.
Mount Victoria has 924 properties. Over the last 5 years, Houses in Mount Victoria have seen a 41.19% increase in median value, while Units have seen a 12.03% increase. As at 31 October 2024:
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