OFF MARKET

1 Main Street
Warooka SA 5577

Bedrooms: 5
Bathrooms: 2
Car spaces: 4
Floor area: 87m2
Land area: 4300m2
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Property Details for 1 Main St, Warooka

Building Type
Commercial
Floor Size
87m2
Land Size
4300m2
Local Government
Yorke Peninsula
Lot/Plan
A861/F195473

Last Listing description (October 2017)

Vendor says sell!
Price now substantially reduced for a quick sale!!!
We are pleased to offer for sale this extremely well performing hotel business sited in the Lower Yorke Peninsula at the gateway to the Innes National Park. The hotel has been recently refurbished with features including:-

* Front bar with TAB & Lotteries
* Saloon bar
* Expansive dining room & bar
* Gaming room with 15 machines
* Beer garden
* Walk in bottle shop
* 7 motel units
* Well presented manager s quarters
* Substantial shedding
The owners have installed a large solar panel system which has more than halved their energy costs.
Hotel trade is substantial across all departments and the financials demonstrate an impressive return to the owner operator.
A new long lease is available and inspection is highly recommended.
This is an offering that stands out from the crowd!
The freehold land and buildings are also available!
For further detail please contact:-
Steele & Associates Hotel Brokers
243 Carrington Street, Adelaide SA 5000
Ph (08) 8232 1566
RLA 181492

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Property History for 1 Main St, Warooka, SA 5577

A timeline of how this property has performed in the market
Last Sold
$280,000
27 Jul 2011
  • 25 Oct 2017
    Listed for Sale Substantially reduced price for quick sale - POA
  • 20 Sep 2016
    Listed for Sale Substantially reduced price for quick sale - POA
  • 27 Jul 2011
    Sold for $280,000
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About Warooka 5577

The size of Warooka is approximately 531.5 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Warooka in 2011 was 490 people. By 2016 the population was 346 showing a population decline of 29.4% in the area during that time. The predominant age group in Warooka is 50-59 years. Households in Warooka are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warooka work in a managers occupation. In 2011, 77.6% of the homes in Warooka were owner-occupied compared with 76.4% in 2016.

Warooka has 436 properties. Over the last 5 years, Houses in Warooka have seen a 97.70% increase in median value, while Units have seen a 140.71% increase. As at 30 September 2024:

  • The median value for Houses in Warooka is $382,899 while the median value for Units is $415,044.
There are currently 2 properties listed for sale, and no properties listed for rent in Warooka on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Warooka.

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