74 Main StreetCressy TAS 7302
Property Details for 74 Main St, Cressy
Last Listing description (May 2012)
Always wanted a country pub?
Then the Ringwood Hotel at 74 Main Road Cressy is the perfect choice. Located 30 minutes from Launceston in a close knit farming and fishing community, the pub has a strong turnover and the freehold and business is now offered for reluctant sale. A popular drinking spot for the locals, the hotel also has a regular stream of contractors, fly fishermen and seasonal farm workers staying in the onsite accommodation, which ranges from standard hotel rooms to fully self-contained units. The land comprises some 4500m2 allowing for further development of additional accommodation or alfresco areas for the hotel. Sourcing it's income from bar sales, accommodation, meals and the bottle shop, the pub is well known in the area and the only one in Cressy. One of the last ''true locals'' the Ringwood Hotel offers a lifestyle opportunity with the security of a regular income and potential for growth.
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Property History for 74 Main St, Cressy, TAS 7302
- 14 Nov 2012Sold for $420,000
- 20 Mar 2012Listed for Sale Not Disclosed
- 15 Nov 2005Sold for $680,000
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0About Cressy 7302
The size of Cressy is approximately 585.1 square kilometres. It has 5 parks covering nearly 9.1% of total area. The population of Cressy in 2011 was 1,403 people. By 2016 the population was 1,131 showing a population decline of 19.4% in the area during that time. The predominant age group in Cressy is 0-9 years. Households in Cressy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cressy work in a managers occupation. In 2011, 68.1% of the homes in Cressy were owner-occupied compared with 66% in 2016.
Cressy has 579 properties. Over the last 5 years, Houses in Cressy have seen a 82.16% increase in median value. As at 31 October 2024:
- The median value for Houses in Cressy is $409,127 while the median value for Units is $397,826.
- Houses have a median rent of $420.
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