SOLD
Sold on 10 Nov 2023 for $450,000

6 Second Street
Orroroo SA 5431

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2028m2
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Property Details for 6 Second St, Orroroo

Building Type
Commercial
Year Built
1876
Land Size
2028m2
Local Government
Orroroo Carrieton
Lot/Plan
A89/T311001

Last Listing description (April 2013)

Orroroo Hotel - Lease or Freehold & Business
A very profitable, beautiful hotel. This is also a great lifestyle hotel. Located in a popular mid north town buy this property and become part of a great community. The current owners have spent much moneyon the property bringing everything up to modern standards. They now wish to retire.
This is an opportunity to purchase a Freehold and Business or a good sized Lease. Orroroo is a large town, a service centre for the surrounding farming areas and new power station, and is on the tourist route to the Flinders Ranges. You will be pleasantly surprised by the modern decor and presentation of this hotel. Ideal for the first time publican and/or young family this is an easily run hotel. Only providing meals Thursday, Friday and Saturday nights make it a pleasant lifestyle. If you like the country life or looking for a cheap entry into the hotel business, this is a hotel you should look at.

???FREEHOLD AND BUSINESS OR LEASEHOLD AND BUSINESS
???Very well presented hotel with all modern decor throughout
???VERY PROFITABLE BUSINESS
???Great lifestyl;e - become part of a community
???Well presented, modern Front Bar
???Inviting Lounge Bar
???Attractive Dining Room, the owner has a real flair for decorating
???3 new rooms for public accommodation
???Pool Room
???For the family minded people this hotel has NO GAMING
???Spacious back yard
???Spacious living quarters
???Vendors wishing to retire
Asking Price
Leasehold & Business $120,000 + sav
Freehold & Business $580,000 + sav

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Property History for 6 Second St, Orroroo, SA 5431

A timeline of how this property has performed in the market
Last Sold
$450,000
10 Nov 2023
  • 10 Nov 2023
    Sold for $450,000
  • 11 Sep 2012
    Listed for Sale 120000 PLUS SAVING
  • 29 Apr 2010
    Sold for $210,000

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About Orroroo 5431

The size of Orroroo is approximately 357.3 square kilometres. It has 6 parks covering nearly 0.6% of total area. The population of Orroroo in 2011 was 541 people. By 2016 the population was 604 showing a population growth of 11.6% in the area during that time. The predominant age group in Orroroo is 60-69 years. Households in Orroroo are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Orroroo work in a managers occupation. In 2011, 79.5% of the homes in Orroroo were owner-occupied compared with 79.7% in 2016.

Orroroo has 533 properties. Over the last 5 years, Houses in Orroroo have seen a 146.60% increase in median value, while Units have seen a -11.64% decrease. As at 31 August 2024:

  • The median value for Houses in Orroroo is $263,168 while the median value for Units is $249,208.
There are currently 4 properties listed for sale, and no properties listed for rent in Orroroo on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Orroroo.

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