78 Cadell StreetTooleybuc NSW 2736
Property Details for 78 Cadell St, Tooleybuc
Last Listing description (January 2019)
EXCLUSIVE TO CRE BROKERS
NSW Freehold Going Concern Motel For Sale
Priced to sell.
This pleasant 14 room motel within walking distance to the picturesque Murray River is profitable and an excellent freehold opportunity.
The Motel boasts 14 well-appointed rooms with a diverse range of accommodation options including triple / twin / queen and family suites and a disabled unit. An added bonus is a 3 bedroom residence, perfect for the family also.
Tooleybuc is simply a beautiful town, with an idyllic community setting, great local school, sporting clubs as well as a thriving local agriculture and infrastructure developments in place and ongoing.
There are future short term and long term works planned for the area with a new solar plant and new bridge plus almond farming which will positively impact on future income for the Motel.
* Good location close to the Murray River
* Ample guest parking, BBQ area
* Repeat clientele from travellers and workman in the area
* Good annual turnover
* Situated on 2,023 m2 of land
* Buyers Yield of 20%
Contact Dan McDonald at CRE Brokers to arrange your inspection of this terrific country Motel.
Property History for 78 Cadell St, Tooleybuc, NSW 2736
- 22 Jun 2022Sold for $450,000
- 18 Jul 2018Listed for Sale FHGC - $595,000
- 26 Nov 2010Sold for $520,000
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About Tooleybuc 2736
The size of Tooleybuc is approximately 120.2 square kilometres. The population of Tooleybuc in 2011 was 178 people. By 2016 the population was 273 showing a population growth of 53.4% in the area during that time. The predominant age group in Tooleybuc is 70-79 years. Households in Tooleybuc are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Tooleybuc work in a managers occupation. In 2011, 66.6% of the homes in Tooleybuc were owner-occupied compared with 71.6% in 2016.
Tooleybuc has 191 properties. Over the last 5 years, Houses in Tooleybuc have seen a 63.13% increase in median value, while Units have seen a 105.32% increase. As at 31 October 2024:
- The median value for Houses in Tooleybuc is $232,741 while the median value for Units is $299,180.
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