28 Musgrave AvenueLucindale SA 5272
Property Details for 28 Musgrave Ave, Lucindale
Last Listing description (February 2022)
McGees Property is delighted to present to the market the freehold going concern of the well known Lucindale Hotel located in the farming and wine regions of the South-East of South Australia.
Located approximately 3 hours drive south-east of Adelaide and 90 minutes* north of Mount Gambier, the Lucindale Hotel offers the astute buyer the opportunity to benefit from a completely refurbished hotel.
The current owner has redeveloped and refurbished this Hotel over the last two years to offer a modern and profitable operation. There is not a cent to spend.
Lucindale hosts the annual South East Field Days for the region every year in March which attracts over 25,000 people to the township, as well as the Yakka Park Music Festival in April. The Easter Tennis Tournament is held on the Limestone Coast's only lawn courts in Lucindale . The annual Lucindale Campdraft is held in March - a uniquely Australian horse sport, as well as artistic exhibitions and workshops with live music and local food and wines at "Art in the Sticks" in October. The Hotel is located opposite Centenary Park which features playground, skate park, basketball halfcourt and the Lucindale War Memorial and Hall.
Highlights of the Hotel offering include:
- Back-to-back bar facilities
- Dining room
- Separate function/meeting rooms
- 6 gaming machines
- 5 hotel rooms
- Alfresco dining
- Beautiful fireplaces throughout
- Excellent 2 bedroom private residence with kitchen and bathroom
- Huge rear land to further develop beer gardens
The current owner has been meticulous in the upgrade of this Hotel and it represents a great opportunity for an owner/operator to maintain and improve the business.
We highly recommend this Hotel to you and encourage you to inspect the property to truly appreciate the offering.
To arrange an inspection of the Lucindale Hotel contact Grant Clarke of McGees Property (RLA 1722).
(*approx)
Property History for 28 Musgrave Ave, Lucindale, SA 5272
- 20 Jun 2024Transferred
- 01 Dec 2023Transferred
- 14 Feb 2022Sold for $495,000
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About Lucindale 5272
The size of Lucindale is approximately 572.7 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Lucindale in 2011 was 978 people. By 2016 the population was 540 showing a population decline of 44.8% in the area during that time. The predominant age group in Lucindale is 50-59 years. Households in Lucindale are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Lucindale work in a managers occupation. In 2011, 70.3% of the homes in Lucindale were owner-occupied compared with 68.3% in 2016.
Lucindale has 490 properties. Over the last 5 years, Houses in Lucindale have seen a 112.39% increase in median value, while Units have seen a 177.91% increase. As at 30 September 2024:
- The median value for Houses in Lucindale is $323,878 while the median value for Units is $642,900.
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