SOLD
Sold on 22 Nov 2023 for $2,300,000

659 Hermitage Road
Pokolbin NSW 2320

Bedrooms: 16
Bathrooms: 8
Car spaces: 2
Land area: 61950m2
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Sold By
Cain Beckett
Jurds Real Estate
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Property Details for 659 Hermitage Rd, Pokolbin

Building Type
Commercial
Land Size
61950m2
Local Government
Singleton
Lot/Plan
71/DP1244452

Last Listing description (January 2024)

PROFITABLE INVESTMENT, LIFESTYLE CHANGE OR FULLY LEASED ASSET

Set in park-like grounds on one of Hunter Valley Wine Country's most sought-after tourist routes, these six cottages offer accommodation for up to 44 people and offers plenty of upside.

Spanning some 12 acres of land, the property is composed of a four bedroom, two bathroom Managers Residence, a four bedroom, two bathroom guest lodge sleeping up to twelve people and four two bedroom, one bathroom cottages which each sleep up to six. There is also a central pool with games room and guest bathroom and plenty of natural parkland for space and tranquillity.

The business is well established, completely managed by a fantastic external manager and profitable. It could also be owner operated with the owners residing in the Managers Residence.

It is located within walking distance to numerous cellar doors, a caf and a brewery and caters to the many thousands of people who visit the Hunter Valley each year for concerts, weddings, weekend breaks and other similar events. The property also has excellent access to the Hunter Expressway taking you direct to Newcastle and Sydney within 1 and 2 hours respectively.

Inspection by private appointment.

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Property History for 659 Hermitage Rd, Pokolbin, NSW 2320

A timeline of how this property has performed in the market
Last Sold
$2,300,000
22 Nov 2023
  • 22 Nov 2023
    Sold for $2,300,000
  • 23 Dec 2022
    Listed for Sale $2,500,000
  • 02 May 2018
    Sold for $1,360,000
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About Pokolbin 2320

The size of Pokolbin is approximately 132.8 square kilometres. It has 10 parks covering nearly 9.6% of total area. The population of Pokolbin in 2011 was 694 people. By 2016 the population was 955 showing a population growth of 37.6% in the area during that time. The predominant age group in Pokolbin is 60-69 years. Households in Pokolbin are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Pokolbin work in a managers occupation. In 2011, 69.3% of the homes in Pokolbin were owner-occupied compared with 77.5% in 2016.

Pokolbin has 1,580 properties.

    There are currently 9 properties listed for sale, and 1 property listed for rent in Pokolbin on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in Pokolbin.

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