OFF MARKET

2 Ward Street
Karumba QLD 4891

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3037m2
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Property Details for 2 Ward St, Karumba

Building Type
Commercial
Land Size
3037m2
Local Government
Carpentaria
Lot/Plan
60/RP818020

Last Listing description (March 2023)

Savills Hotels are delighted to present the Freehold Going Concern of the Sunset Tavern, located at 2 Ward Street, Karumba QLD 4891, for sale via Expressions of Interest closing Wednesday the 14th of September 2022 at 4pm.

Karumba is a town located in the Gulf of Carpentaria with a base population of approximately 600 which swells in the "dry" season with approximately 55,000 visitors to the region per year (as at 2018). This number has been increasing year-on-year due to the influence of the "in-vogue" self-drive tourism market. In recent years the town has developed in two sections, with the port / main town centre and the tourist centre (where the Sunset Tavern is located). The town's economy is driven by the well-known and lucrative commercial fishing industry as well as the pastoral industry. In addition to this, Karumba's economy is currently benefiting from New Century's zinc mining & exports via the port.


The Sunset Tavern fronts the Gulf of Carpentaria foreshore featuring extensive ocean views on a 3,037sq m* corner site. The tavern's facilities comprise of Main Bar & Bistro (TAB & Keno), Alfresco Dining Area / Verandah, Beer Garden, Gaming Room (12 EGMs), Manager's Residence, DOSA, Over the Bar Bottleshop and Staff Accommodation (24 Col Kitching Drive, Karumba QLD 4891).

For further information regarding the Sunset Tavern, please contact one of the exclusive marketing agents listed.

*Approximately.

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Property History for 2 Ward St, Karumba, QLD 4891

A timeline of how this property has performed in the market
Last Sold
$2,100,000
27 Sep 2022
  • 27 Sep 2022
    Sold for $2,100,000
  • 18 Jul 2022
    Listed for Sale EOI closing Wednesday the 14th of September at 4pm
  • 21 Feb 2005
    Sold for $2,196,000
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About Karumba 4891

The size of Karumba is approximately 136.9 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Karumba in 2011 was 587 people. By 2016 the population was 522 showing a population decline of 11.1% in the area during that time. The predominant age group in Karumba is 50-59 years. Households in Karumba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karumba work in a labourer occupation. In 2011, 50% of the homes in Karumba were owner-occupied compared with 57.4% in 2016.

Karumba has 410 properties. Over the last 5 years, Houses in Karumba have seen a 4.74% increase in median value, while Units have seen a -4.36% decrease. As at 31 October 2024:

  • The median value for Houses in Karumba is $157,178 while the median value for Units is $288,166.
There are currently 7 properties listed for sale, and no properties listed for rent in Karumba on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Karumba.

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