OFF MARKET

14433 New England Highway
East Greenmount QLD 4359

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11010m2
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Property Details for 14433 New England Hwy, East Greenmount

Building Type
Commercial
Year Built
1992
Land Size
11010m2
Local Government
Toowoomba Regional
Lot/Plan
1/RP178529

Last Listing description (April 2022)

Located right on the Highway at East Greenmount on 3 acres of land, just waiting for a new owner.

The Wheatsheaf Hotel has now ceased operating as an Hotel but could be returned to its original glory with fresh ideas and a fresh coat of paint.
The "Wheatsheaf" was an historic hotel established mid 1800's with great exposure to the New England Highway at East Greenmount about 15-20 minutes south of Toowoomba.

It is a two storey timber building and comprises on the ground level, a main bar, dining room, modern kitchen, office, store, ablutions, separate drive through bottle shop plus a lovely shady beer garden. The building also features a front verandah running the length of the bar area and the entrance to the building.
Upstairs contains 5 bedrooms, Owners/Managers residence, ablutions, lounge/tea making room and front verandah.

Prior to closing the Hotel the current owner has been operating the hotel for approximately 8 years and has genuine reasons for ceasing operations and listing the building for sale.

Great spot for a tree change - come along - buy a great old building.

It could be returned to an operating hotel if successful in obtaining a new licence.

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Property History for 14433 New England Hwy, East Greenmount, QLD 4359

A timeline of how this property has performed in the market
Last Sold
$450,000
22 Mar 2022
  • 22 Mar 2022
    Sold for $450,000
  • 21 Sep 2021
    Listed for Sale $450,000
  • 16 Nov 2020
    Listed for Sale $450,000
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About East Greenmount 4359

The size of East Greenmount is approximately 42.7 square kilometres. The population of East Greenmount in 2011 was 492 people. By 2016 the population was 370 showing a population decline of 24.8% in the area during that time. The predominant age group in East Greenmount is 60-69 years. Households in East Greenmount are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Greenmount work in a trades occupation. In 2011, 84.3% of the homes in East Greenmount were owner-occupied compared with 80% in 2016.

East Greenmount has 158 properties. Over the last 5 years, Houses in East Greenmount have seen a 102.11% increase in median value. As at 31 October 2024:

  • The median value for Houses in East Greenmount is $698,865 while the median value for Units is $125,572.
There are currently 1 property listed for sale, and no properties listed for rent in East greenmount on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in East greenmount.

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