OFF MARKET

12 Moule Street
Pine Creek NT 0847

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5460m2
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Property Details for 12 Moule St, Pine Creek

Building Type
Commercial
Land Size
5460m2
Local Government
Victoria - Daly
Lot/Plan
Loc 620 Lot 227/LTO88/054B

Last Listing description (September 2024)

Pine Creek Hotel Motel owners are calling for last drinks after 50+ years of family ownership. They are selling the freehold as a going concern, on a walk-in walk-out basis which offers a unique opportunity in a great location.

Pine Creek Hotel Motel plays a pivotal role in the culture, tourism and social fabric of the Katherine region and beyond. A country feel with great meals, cold beer, and good cheer in a laid-back atmosphere.

Gateway to Kakadu National Park, located *225km south of Darwin and *90km north of Katherine.

Gross turnover 2022/2023 $1,670,000 with potential growth opportunity and excellent real estate fundamentals.
Functional layout, relaxing atmosphere, a main bar area with additional tropical beer garden seating 100.
Multi-income business incorporating a Pokies room with 10 machines, Keno and TAB betting area, a restaurant that seats 60, a caf/lounge next door, and accommodation covered with a 14-room well-appointed motel.
Commercial kitchen, large cool rooms, and freezers, 80kw solar system, undercover pool table area, plenty of space to enjoy a cold beverage. Modern 3-bedroom manager residence with outdoor entertainment area.
Well positioned on a corner block set on 5,460m2 in established gardens.

Disregard recently advertised price; vendors are motivated sellers, and all offers will be considered. With uncapped future potential, the options are endless.

Generational family asset with huge potential for modernisation and repositioning. An exceptional blend of business and freehold opportunity, creating a solid working foundation for a new operator. Lifestyle and a touch of history and rural charm. Inspections are highly recommended.

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Property History for 12 Moule St, Pine Creek, NT 0847

A timeline of how this property has performed in the market
  • 04 Sep 2024
    Listed for Sale $1,800,000
  • 09 May 2024
    Listed for Sale $1,800,000
  • 13 Nov 2023
    Listed for Sale Expressions of Interest - Close Thursday, 7th December 2023
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About Pine Creek 0847

The size of Pine Creek is approximately 402.1 square kilometres. It has 6 parks covering nearly 0.1% of total area. The population of Pine Creek in 2011 was 380 people. By 2016 the population was 319 showing a population decline of 16.1% in the area during that time. The predominant age group in Pine Creek is 0-9 years. Households in Pine Creek are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Pine Creek work in a managers occupation. In 2011, 33.9% of the homes in Pine Creek were owner-occupied compared with 39.3% in 2016..

Pine Creek has 208 properties. Over the last 5 years, Houses in Pine Creek have seen a -30.77% decrease in median value, while Units have seen a 79.41% increase. As at 31 August 2024:

  • The median value for Houses in Pine Creek is $149,900 while the median value for Units is $381,023.
There are currently no properties listed for sale, and no properties listed for rent in Pine creek on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Pine creek.

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