24 Orchard StreetTaralga NSW 2580
Property Details for 24 Orchard St, Taralga
Last Listing description (October 2023)
Cabmon Property in conjunction with Southern Land Properties have the pleasure of offering The Taralga Hotel
For Sale via Public Auction on Friday 15th September 2023.
Born "the watering hole" for those who built the country on the sheep's back. The Taralga hotel has a single easy operation ground floor bar, beer garden, restaurant, lounge/sports area accommodation on a huge block of dirt and plenty of opportunity to give it your flavor and expand operations and other revenues. The first floor consists of seven (7) pub accommodation rooms with shared facilities and massive two bedroom fully self-contained manager's abode.
This iconic pub stands proud in the main street as the only one!
Currently trading as the only seven-day restaurant in the local area. Locals are the mainstay of the operation, with a consistent trade from travels. Travels include bike and car clubs from all over, grey nomads, weekend warriors and city folk from around the state on a regular basis.
The pub hosts many sporting bodies in the area who regularly use the pub for functions, meetings and after game events.
An easy one bar operation and operational kitchen makes this opportunity suitable for a couple seeking a tree change or hospitality group looking to expand as it is currently run under remote management. Trading figures are available upon written request.
Please note we are selling the Property all fixtures, fittings and Licence as a going concern at the Auction. Upon settlement the purchaser will also purchase the stock from the vendor at the vendors cost price in addition to the sale price.
We recommend your inspection and would encourage you to contact either Peter Seeto or David Lyons.
Property History for 24 Orchard St, Taralga, NSW 2580
- 27 Oct 2023Sold for $1,000,000
- 21 Aug 2023Listed for Sale Contact Agent
- 02 Jun 2017Sold for $715,200
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About Taralga 2580
The size of Taralga is approximately 119.4 square kilometres. The population of Taralga in 2011 was 283 people. By 2016 the population was 442 showing a population growth of 56.2% in the area during that time. The predominant age group in Taralga is 60-69 years. Households in Taralga are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Taralga work in a managers occupation. In 2011, 76.2% of the homes in Taralga were owner-occupied compared with 75.6% in 2016.
Taralga has 389 properties. Over the last 5 years, Houses in Taralga have seen a 51.91% increase in median value, while Units have seen a -17.36% decrease. As at 31 October 2024:
- The median value for Houses in Taralga is $509,971 while the median value for Units is $213,563.
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