1 Albert PlaceVictor Harbor SA 5211
Property Details for 1 Albert Pl, Victor Harbor
Last Listing description (May 2022)
JLL Hotels & Hospitality Group is delighted to present to market the Freehold Going Concern opportunity of the Hotel Victor, prominently located in the heart of the popular seaside town of Victor Harbor, just an hour's drive south of the Adelaide CBD.
Presented for sale by long-term family owners of 30 years, the Hotel Victor provides one of the best accommodation & hospitality opportunities to come the South Australian market.
Investment highlights include:
3.5 star hotel featuring 33 guest rooms (all en-suited), large public bar, restaurant/bistro, gaming lounge, conference/function facilities, on-site car parking and separate 3-lane/drive-through bottle shop ('SipnSave' branded)
34 gaming machines (permit for 40)
Prime corner site in in the heart of the gorgeous Victor Harbor, offering spectacular ocean views
Significant combined site area of 4,490sqm* (Hotel 3,087sqm*; Bottle Shop 1,403sqm*)
Future high-rise mixed use development site (STCA) with favourable zoning controls
Consistent trading history demonstrating security and stability of hotel operation
Multiple holding income options - operate, place under management, sell a lease and collect rent and/or develop in the future
Excellent underlying fundamentals with further development potential (STCA)
Late 2:00am trading licence
*Approx.
Don't miss out on this exciting opportunity to secure a wonderful accommodation and hospitality offering in a tightly held location.
For sale by Expressions of Interest closing 4:00pm (AEST) Thursday 3 October
Property History for 1 Albert Pl, Victor Harbor, SA 5211
- 03 Sep 2019Listed for Sale Contact Agent
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About Victor Harbor 5211
The size of Victor Harbor is approximately 8.7 square kilometres. It has 32 parks covering nearly 16.5% of total area. The population of Victor Harbor in 2011 was 4,122 people. By 2016 the population was 4,240 showing a population growth of 2.9% in the area during that time. The predominant age group in Victor Harbor is 60-69 years. Households in Victor Harbor are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Victor Harbor work in a trades occupation. In 2011, 62.5% of the homes in Victor Harbor were owner-occupied compared with 60.4% in 2016.
Victor Harbor has 3,619 properties. Over the last 5 years, Houses in Victor Harbor have seen a 82.94% increase in median value, while Units have seen a 92.82% increase. As at 31 October 2024:
- The median value for Houses in Victor Harbor is $684,168 while the median value for Units is $453,887.
- Houses have a median rent of $495 while Units have a median rent of $425.
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