17 Mitchell StreetAvenel VIC 3664
Property Details for 17 Mitchell St, Avenel
Last Listing description (October 2023)
Offers are invited for the separate freehold and business interests with the hotel for sale as a "going concern".
Substantial 2 storey building situated in a growth area approximately 1.5 hours from Melbourne.
The recently renovated premises comprises a rural themed public bar, bar lounge and games room, bistro dining areas, well equipped commercial kitchen, attractive beer garden, proprietor's large residence on the first floor. The hotel also has a craft brewery. The present licensee will provide instruction regarding the brewery operation (if required).
Prominent corner block of approximately 3,000 square metres.
Prospective purchasers are to offer separate amounts in respect of both the freehold and the business interests which may then be subject to negotiation with the respective vendors.
This is a rare opportunity to acquire a hotel which has rarely come onto the market. It will suit buyers in the vicinity of $1,000,000.
For further details and inspections by appointment please contact Warren Young 0407 042 407.
Property History for 17 Mitchell St, Avenel, VIC 3664
- 20 Dec 2023Sold for $700,000
- 23 Mar 2023Listed for Sale Suit buyer in the vicinity of $1m
- 04 Sep 2004Sold for $300,000
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About Avenel 3664
The size of Avenel is approximately 205.7 square kilometres. It has 3 parks covering nearly 0.2% of total area. The population of Avenel in 2011 was 1,047 people. By 2016 the population was 1,052 showing a population growth of 0.5% in the area during that time. The predominant age group in Avenel is 60-69 years. Households in Avenel are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Avenel work in a labourer occupation. In 2011, 77.2% of the homes in Avenel were owner-occupied compared with 78% in 2016.
Avenel has 859 properties. Over the last 5 years, Houses in Avenel have seen a 65.45% increase in median value. As at 31 July 2024:
- The median value for Houses in Avenel is $587,020 while the median value for Units is $395,827.
- Houses have a median rent of $495.
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