SOLD
Sold on 01 Oct 2024 for $3,250,000

212 Market Street
Mudgee NSW 2850

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7146m2
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Property Details for 212 Market St, Mudgee

Building Type
Commercial
Land Size
7146m2
Local Government
Mid-Western Regional
Lot/Plan
1/DP538712

Last Listing description (June 2022)

A rare opportunity to secure a solid investment, on offer is the Cudgegong Valley Motel Freehold. Located in Australia's number one tourism destination, Mudgee. Walking distance to the CBD, single story 16 fully furnished rooms and managers residence. The Cudgegong Valley Motel is a once in a lifetime opportunity for those seeking a country lifestyle or a tree-change with work/life balance. This property would be a great add on to any portfolio or would suit newcomers to the industry.

- 16 rooms at Cudgegong Valley Motel are located on the ground floor and include air conditioning, a refrigerator and ensuite bathroom.
- Three-bedroom managers residence with private courtyard & shedding

- Guests can relax by the swimming pool or stroll the gardens with a rural setting and views to the Cudgegong River
- Utilise a purpose-built function room and BBQ area- breakfast and sun room
- Large shedding and storage space
- Strong demand for accommodation in the area with a strong mix of tourist and work-related clientele
- Occupancy rate of 60% approx. (FY22)
- Very solid business with consistent trading that is growing
- Boasting three and a half star rating
- Large level 7148sqm block on two titles with main road exposure
- Additional features include back to grid solar system, surveillance cameras plenty of parking and procedures already in place
- Space available to extend and add more accommodation on site
- Freehold opportunity, owner occupy or lease out the choice is yours

The Cudgegong Valley Motel is ideally located and a base to the popular tourist destination of Mudgee. The Motel is a short walk to shops, cafes with vineyards and tourist attractions close by. Well established with ample opportunity for growth, this property is one not to be missed.

To arrange your own private inspection contact Alyse Pilley on 0421 648 155 or Jennaya Cook on 0412 232 576 at The Property Shop

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Property History for 212 Market St, Mudgee, NSW 2850

A timeline of how this property has performed in the market
Last Sold
$3,250,000
01 Oct 2024
  • 01 Oct 2024
    Sold for $3,250,000
  • 14 Apr 2022
    Listed for Sale EOI
  • 19 Jan 2006
    Sold for $722,000
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About Mudgee 2850

The size of Mudgee is approximately 29.7 square kilometres. It has 28 parks covering nearly 29.6% of total area. The population of Mudgee in 2011 was 9,829 people. By 2016 the population was 10,912 showing a population growth of 11.0% in the area during that time. The predominant age group in Mudgee is 0-9 years. Households in Mudgee are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mudgee work in a trades occupation. In 2011, 60.8% of the homes in Mudgee were owner-occupied compared with 59.7% in 2016.

Mudgee has 7,099 properties. Over the last 5 years, Houses in Mudgee have seen a 71.73% increase in median value, while Units have seen a 80.42% increase. As at 31 October 2024:

  • The median value for Houses in Mudgee is $677,170 while the median value for Units is $451,802.
  • Houses have a median rent of $580 while Units have a median rent of $450.
There are currently 76 properties listed for sale, and 42 properties listed for rent in Mudgee on OnTheHouse. According to CoreLogic's data, 297 properties were sold in the past 12 months in Mudgee.

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