Cornwall Hotel, Moonta - Lease
It is rare that a hotel of this calibre comes on the market. The Cornwall Hotel at Moonta is an excellent property consisting of a popular bar with TAB and Keno, 17 gaming machines, 13 rooms for public accommodation and the advantage of a kitchen sublet to a successful Indian Restaurant group. The hotel is currently run under management but would be very profitable and easily run by a working couple with a little casual assistance.
Moonta is located on the coast of the popular Yorke Peninsula. This is a rapidly growing area with much new housing happening in the surrounding areas of Wallaroo, Moonta Bay and Port Hughes. The town is a major centre and has all the facilities you would expect of a major centre.
The size of Moonta is approximately 4.6 square kilometres. It has 13 parks covering nearly 29.4% of total area. The population of Moonta in 2011 was 682 people. By 2016 the population was 629 showing a population decline of 7.8% in the area during that time. The predominant age group in Moonta is 60-69 years. Households in Moonta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Moonta work in a community and personal service occupation. In 2011, 63.1% of the homes in Moonta were owner-occupied compared with 61.3% in 2016.
Moonta has 583 properties. Over the last 5 years, Houses in Moonta have seen a 113.70% increase in median value, while Units have seen a 66.70% increase. As at 31 October 2024:
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