2 Mary StreetCygnet TAS 7112
Property Details for 2 Mary St, Cygnet
Last Listing description (July 2023)
Located in the beautiful township of Cygnet, 55 kilometres* south of Hobart.
Operating since 1884 the hotel contains a public bar, lounge bar, dining room, drive-in bottle shop, bakery/cafe with external deck, and on the first floor there are 6 accommodation rooms, manager's flat, function room and guest lounge.
Containing some 5,096 square metres* there is over 2,400 square metres* of surplus land in the town centre which has development possibilities (STCA).
Annual revenue around $3m.
*Approximately
Property History for 2 Mary St, Cygnet, TAS 7112
- 23 Jun 2023Sold for $1,950,000
- 08 Mar 2023Listed for Sale $2.5 million plus SAV
- 10 Feb 2015Sold for $875,000
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0About Cygnet 7112
The size of Cygnet is approximately 57.5 square kilometres. It has 8 parks covering nearly 18% of total area. The population of Cygnet in 2011 was 1,453 people. By 2016 the population was 1,547 showing a population growth of 6.5% in the area during that time. The predominant age group in Cygnet is 60-69 years. Households in Cygnet are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cygnet work in a trades occupation. In 2011, 71.8% of the homes in Cygnet were owner-occupied compared with 71.1% in 2016.
Cygnet has 1,044 properties. Over the last 5 years, Houses in Cygnet have seen a 59.11% increase in median value, while Units have seen a 100.49% increase. As at 31 October 2024:
- The median value for Houses in Cygnet is $621,797 while the median value for Units is $487,296.
- Houses have a median rent of $490 while Units have a median rent of $375.
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