OFF MARKET

5 Foster Street
Railton TAS 7305

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4440m2
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Property Details for 5 Foster St, Railton

Building Type
Commercial
Land Size
4440m2
Local Government
Kentish

Last Listing description (February 2017)

Brilliant 28% Free hold Going Concern Return On Investment.
Massive Price Reduction, character brick building, plenty of upside to be had,Once Only Opportunity
- A land mark brick hotel in a one pub town

- The existing owners have improved the property and business
- Your chance to purchase a freehold hotel as a going concern
- Many dollars spent by existing owner, on improvements and upgrades
- Large building with potential to take to the next level, capitalise on the increasing tourist numbers
- Comfortable owners residence and 6 income generating bed rooms
- Kitchen upgraded, modernised with new equipment, paint ,vinyl, electrics and plumbing
- This pub enjoys a strong local following,within the topiary township,future entrepreneurial ownership will go all out to increase tourism patrons
- The colourbond roof was renewed in recent years, extensively repainted, new campers toilet, shower facilities and new undercover side patio/veranda
- Earn a significant income, lower your cost of living and enjoy the capital gains you will make from improving the business further
Ref#14117
Broker : Paul Scott
Phone: 0477 771 098
To complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/14117
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

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Property History for 5 Foster St, Railton, TAS 7305

A timeline of how this property has performed in the market
  • 29 Mar 2016
    Listed for Sale $599,000 Offers Over

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About Railton 7305

The size of Railton is approximately 70.9 square kilometres. It has 5 parks covering nearly 30.2% of total area. The population of Railton in 2011 was 1,230 people. By 2016 the population was 1,010 showing a population decline of 17.9% in the area during that time. The predominant age group in Railton is 50-59 years. Households in Railton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Railton work in a labourer occupation. In 2011, 80.7% of the homes in Railton were owner-occupied compared with 79.7% in 2016.

Railton has 593 properties. Over the last 5 years, Houses in Railton have seen a 105.95% increase in median value. As at 31 October 2024:

  • The median value for Houses in Railton is $442,794 while the median value for Units is $411,881.
  • Houses have a median rent of $385.
There are currently 5 properties listed for sale, and no properties listed for rent in Railton on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Railton.

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