289 Armidale RoadSouth Grafton NSW 2460
Property Details for 289 Armidale Rd, South Grafton
Last Listing description (April 2024)
Hotel/Motel - South Grafton, NSW.
6 Motel rooms, 3 bedroom residence, 2 bar areas on 1.49 HA (3.6 acres).
Additional key features include;
- WILL BE SOLD - Forget previous pricing
- Owners committed to other projects
- FY2023 turnover $1.1m
- Operates noon-midnight, 6 days only
- Huge equipment list
- Strong food/catering potential
- Existing staff in place
- No gambling
- Massive potential for an owner operator
AUCTION: Thursday 18th April 2024 at 1:00pm AEST, on-live via livestream video.
Please contact The Edge Commercial to register to bid. Bidders must be registered by 5:00pm, one day prior 17/04/2024.
For further details contact our exclusive sales executive;
Kel Gibson
M: 0407 665 360
P: (02) 6659 9888
E: kel@theedgecommercial.com.au
Property History for 289 Armidale Rd, South Grafton, NSW 2460
- 08 Apr 2024Sold for $850,000
- 19 Oct 2023Listed for Sale Auction
- 28 Oct 2022Listed for Sale Contact Agent
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0About South Grafton 2460
The size of South Grafton is approximately 24.9 square kilometres. It has 17 parks covering nearly 6.9% of total area. The population of South Grafton in 2011 was 6,390 people. By 2016 the population was 6,085 showing a population decline of 4.8% in the area during that time. The predominant age group in South Grafton is 50-59 years. Households in South Grafton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Grafton work in a community and personal service occupation. In 2011, 60.4% of the homes in South Grafton were owner-occupied compared with 60.6% in 2016.
South Grafton has 3,360 properties. Over the last 5 years, Houses in South Grafton have seen a 65.26% increase in median value, while Units have seen a 17.25% increase. As at 31 October 2024:
- The median value for Houses in South Grafton is $426,317 while the median value for Units is $292,037.
- Houses have a median rent of $450 while Units have a median rent of $355.
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