OFF MARKET

23 King Street
Paterson NSW 2421

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 107m2
Land area: 3605m2
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Property Details for 23 King St, Paterson

Building Type
Commercial
Floor Size
107m2
Land Size
3605m2
Local Government
Dungog
Lot/Plan
101/DP996509

Last Listing description (June 2020)

Knight Frank is pleased to present an outstanding opportunity to acquire a freehold hotel with accommodation on a 3,690 sqm* site with further development potential.

The Court House Hotel is located in the idyllic rural township of Paterson in the Lower Hunter Valley only 2 hours north of Sydney and 1 hour from the beaches of Newcastle:


* Freehold Title 2 lots
* Liquor Licence included
* Site Area 3,690 sqm*
* Public Bar & cool room
* Outdoor & BBQ areas
* Kitchen
* 4 x bed-sit accommodation units
* 2 Bedroom managers residence
* Enormous rear yard & development envelope

The historic Court House Hotel occupies a high profile, main street position with excellent exposure in the beautiful township of Paterson, only 25 minutes drive from the Maitland CBD. Fantastic potential to create a destination Hotel and develop the remainder of the site.

The property is For Sale with vacant possession and is submitted for Online Auction, Thursday, July 2nd, with bidding closing at 2pm.

View online at www.soldonline.com.au OR call Knight Frank to register to bid.

Vendor willing to consider offers to purchase prior to auction.

*Approximately

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Property History for 23 King St, Paterson, NSW 2421

A timeline of how this property has performed in the market
Last Sold
$698,500
24 Jun 2020
  • 24 Jun 2020
    Sold for $698,500
  • 28 May 2020
    Listed for Sale Contact Agent

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About Paterson 2421

The size of Paterson is approximately 41.4 square kilometres. The population of Paterson in 2011 was 801 people. By 2016 the population was 887 showing a population growth of 10.7% in the area during that time. The predominant age group in Paterson is 50-59 years. Households in Paterson are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paterson work in a professional occupation. In 2011, 79.8% of the homes in Paterson were owner-occupied compared with 85.7% in 2016.

Paterson has 493 properties. Over the last 5 years, Houses in Paterson have seen a 60.08% increase in median value, while Units have seen a -2.17% decrease. As at 30 September 2024:

  • The median value for Houses in Paterson is $682,838 while the median value for Units is $367,651.
There are currently 8 properties listed for sale, and no properties listed for rent in Paterson on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Paterson.

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