OFF MARKET

1 Stuart Highway
Katherine NT 0850

Bedrooms: -
Bathrooms: -
Car spaces: 12
Floor area: 180m2
Land area: 48562m2
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Property Details for 1 Stuart Hwy, Katherine

Building Type
Commercial
Floor Size
180m2
Land Size
48562m2
Local Government
Katherine

Last Listing description (August 2024)

Renner Springs Desert Inn is an independent Wayside Inn owned as a freehold business.

It has several separate business centres operating on the premises.

The premises cover 12 acres and is on 4 titles. It operates a caravan park, motel, restaurant, fuel browsers and a shop.

The business is situated 666 km north from Alice Springs and 839 km's from Darwin and 750 km east to Mt Isa in QLD and these distances mean that we are a major rest area on the Stuart Highway.

The operation is self contained and power is supplied by diesel powered generations. The park has two stand by generators.

Water is supplied with one bore and filled up into a 5000 gallon tank which is then pumped to the Roadhouse.

There is a two bedroom self contained residence along with a separate one bedroom manager's residence. The managers residence is to the rear of the main building and is also self contained.

The owner's residence opens onto the courtyard area with an external door and is close to the front of the building creating a separate entrance.

The swimming pool is 17 metres long and is salt chlorinated with two sand filters and holds 170,000 litres of water. There is a child's pool area under shade and a covered patio area with seating also under cover.

The staff quarters consist of 6 rooms which are air conditioned and with two toilets with showers and a common area.

There are four main outbuildings in the back of house area consisting of the following:-
1. Generator shed (holds 3 generators)
2. Storage shed
3. 5 bay shed two of which are lockable
4. 3 bay workshop shed
5. 1 bay locked shed for mowers
6. 1 double bay concreted floor shed with roller door, window and side door
7. 4 bay shed for car parking
8. 10,000 litre fuel tank for the generators

There are five major centres within the complex which are as follows:-
1. The motel consists of 27 ensuite motel rooms all air conditioned.
2. The caravan park/camping grounds have over 50 grassed unpowered sites and 14
powered sites
3. The amenities block that services the caravan park contains 4 x male toilets,
4 x female toilets. It has 4 x male showers and 4 x female showers. These
amenities also serve as the toilets for the bar and restaurant.
4. The fully licensed restaurant seats up to 60 guests with a small bar area which
can be serviced from the main bar.
5. Capacity greater than these numbers allows us to overflow into the cafe dining
area and beer garden.
6. The reception is housed within the main building at the front of the property
and is shared with combined shop, front bar, manager's office, restaurant and
cafe dining area, kitchen, dispatch and cold store.
7. Our general store (shop) sells basic essential items, take away food,
cigarettes, travel paraphernalia, souvenirs, "Renner Springs" Branded clothing,
a large range of commercial beers and spirits, ice creams, soft drinks,
confectionary etc.

We currently sell the following fuel through our browser:-
ULP - pulp - LPG - Diesel

For genuine sale

Contact Warren Andrews on 08 8582 2399 or 0418 700 600
Licensed Agent

Property History for 1 Stuart Hwy, Katherine, NT 0850

A timeline of how this property has performed in the market
  • 15 Oct 2019
    Listed for Sale $2,000,000 + SAV
  • 03 May 2018
    Listed for Sale $2,000,000 + SAV

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About Katherine 0850

The size of Katherine is approximately 4.2 square kilometres. It has 9 parks covering nearly 8.1% of total area. The population of Katherine in 2011 was 1,376 people. By 2016 the population was 1,490 showing a population growth of 8.3% in the area during that time. The predominant age group in Katherine is 20-29 years. Households in Katherine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Katherine work in a professional occupation. In 2011, 42.3% of the homes in Katherine were owner-occupied compared with 43.8% in 2016.

Katherine has 1,224 properties. Over the last 5 years, Houses in Katherine have seen a 10.63% increase in median value, while Units have seen a 10.24% increase. As at 30 September 2024:

  • The median value for Houses in Katherine is $346,112 while the median value for Units is $194,753.
  • Houses have a median rent of $500 while Units have a median rent of $385.
There are currently 24 properties listed for sale, and 7 properties listed for rent in Katherine on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Katherine.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.