Munro StreetBabinda QLD 4861
Property Details for 65-87 Munro St, Babinda
Last Listing description (July 2024)
Babinda Real Estate is pleased to present to the market this unique opportunity to purchase the freehold land and iconic BABINDA STATE HOTEL.
The 3564 m2 - 2 Title property is situated in the middle of the main street of Babinda and was built in approx. 1916. It is the only hotel at the time constructed and operated by the Queensland Government. The property was added to the Queensland Heritage Register on 22nd February 2002.
There are 2 Titles included in the sale, 1 with the State Hotel Building and 1884 m2 block of land and the other with a 3 bedroom house and 1679m2 block of land with 2 street access.
There is a council carpark on the western side of the building for extra off street parking.
The magnificent timber, two storey hotel buildings, includes restaurant, cafe, function rooms, main bar with deck overlooking the main street, accommodation wings and staff quarters, with wrap around timber verandah's.
Our property highlights:
Downstairs
- Fully licenced Bar
- Bottle Shop
- Restaurant
- Cafe
- Pool Tables
- Keno
- Projector
- Cold Rooms/fridges
- Offices
- Commercial Kitchen
- Dining room
- Function room
- Timber deck
- 6 bedrooms accommodation
- Multiple Bathrooms and Toilets
- Pokie room with 7 licenced pokies
- Under floor Cellar
Upstairs
- Accommodation wings with 10 separate rooms, ensuites and bathrooms
- 4 bedroom Main residence with kitchen and bathroom
- Multiple Bathrooms and ensuites
- Timber verandah's overlooking township
- Solar Panel System
2nd Title
- 3 bedroom house
- 1679m2 block of land
- 2 street access
This is an outstanding unique opportunity for a prime investment with huge potential.
The multi-revenue business is being offered for sale with a motivated vendor and is a rare opportunity to secure this iconic valuable property.
Contact Babinda Real Estate for a private inspection, further details or the Information Memorandum.
Property History for 65-87 Munro St, Babinda, QLD 4861
- 16 Jul 2024Listed for Sale $2.8 MILLION
- 13 May 2023Listed for Sale $3.6 MILLION
- 06 Jan 2004Transferred for $270,000
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0About Babinda 4861
The size of Babinda is approximately 40 square kilometres. It has 9 parks covering nearly 2.1% of total area. The population of Babinda in 2011 was 1,068 people. By 2016 the population was 1,257 showing a population growth of 17.7% in the area during that time. The predominant age group in Babinda is 60-69 years. Households in Babinda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Babinda work in a labourer occupation. In 2011, 62.7% of the homes in Babinda were owner-occupied compared with 61% in 2016.
Babinda has 739 properties. Over the last 5 years, Houses in Babinda have seen a 102.64% increase in median value, while Units have seen a -53.93% decrease. As at 30 September 2024:
- The median value for Houses in Babinda is $378,542 while the median value for Units is $254,347.
- Houses have a median rent of $285.
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