61 Merivale StreetTumut NSW 2720
Property Details for 61 Merivale St, Tumut
Last Listing description (October 2010)
MERIVALE MOTEL-TUMUT
Available for the first time is Tumuts latest accommodation consisting of 13 guest rooms, with two standards of rooms incorporating the well appointed classic rooms & the stylish refurbished executive suites.
Strong following with corporate clients, growing occupancies and strong returns on this managed complex. You can retain as a managed investment or simply look after this terrific business yourself. Freehold with a land area of 1681m2 in a commercially zoned area.
Property History for 61 Merivale St, Tumut, NSW 2720
- 04 Jul 2024Sold for $1,500,000
- 21 Oct 2011Sold for $470,000
- 26 Jul 2010Listed for Sale $740,000
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0About Tumut 2720
The size of Tumut is approximately 30.2 square kilometres. It has 22 parks covering nearly 12.5% of total area. The population of Tumut in 2011 was 6,239 people. By 2016 the population was 6,210 showing a population decline of 0.5% in the area during that time. The predominant age group in Tumut is 50-59 years. Households in Tumut are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tumut work in a trades occupation. In 2011, 64.5% of the homes in Tumut were owner-occupied compared with 66.3% in 2016.
Tumut has 3,725 properties. Over the last 5 years, Houses in Tumut have seen a 87.71% increase in median value, while Units have seen a 53.40% increase. As at 31 October 2024:
- The median value for Houses in Tumut is $422,676 while the median value for Units is $322,147.
- Houses have a median rent of $420 while Units have a median rent of $285.
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