OFF MARKET

33-35 Main Street
Warooka SA 5577

Bedrooms: -
Bathrooms: 2
Car spaces: 8
Floor area: 241m2
Land area: 3097m2
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Property Details for 33-35 Main St, Warooka

Building Type
Commercial
Year Built
2007
Floor Size
241m2
Land Size
3097m2
Local Government
Yorke Peninsula
Lot/Plan
A1/D453

Last Listing description (February 2019)

The freehold land and buildings of the Warooka Hotel Motel are offered for sale. This is an outstanding investment opportunity representing a return of 8.93% pa to the investor at the asking price.
The hotel is the only one in the township, sited in the Lower Yorke Peninsula at the gateway to the Innes National Park. The hotel is extremely well presented and features of the offering include:-
* Front bar with TAB/Lotteries and adjoining saloon bar

* Expansive dining room with bar facilities
* Gaming room with 15 machines
* Beer garden
* Walk in bottle shop
* 7 motel units and manager s residence
* Significant solar system reducing overheads for the Lessee
* Passing rental of $125,000 p.a.
* Long lease to highly experienced tenants
Inspection is by appointment only.
For further details contact the exclusive agents:-
Steele & Associates Hotel Brokers
243 Carrington Street, Adelaide SA 5000
Ph (08) 8232 1566
RLA 181492

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Property History for 33-35 Main St, Warooka, SA 5577

A timeline of how this property has performed in the market
Last Transferred
20 Mar 2023
  • 20 Mar 2023
    Transferred
  • 21 Apr 2020
    Transferred
  • 22 Jan 2019
    Sold for $1,300,000
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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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