116 High StreetAvoca VIC 3467
Property Details for 116 High St, Avoca
116 High St, Avoca is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 1022m2.
Last Listing description (June 2023)
Situated in the heart of Avoca, The Albion Hotel Circa 1868 offers an ideal Residential /Commercial opportunity for Hospitality or Bed & Breakfast operators to showcase their culinary flare and hospitality whilst capturing the taste buds of the surrounding districts and the many visitors touring the Pyrenees wine region.
Set on approx. 1181m2 of land , Creativity can easily allow the entire building to be transformed into a grand open plan residence with further development (STCA). The premises until June 2020 was operating as a successful Cafe which quickly become an institution for Barista coffee.
The Double door frontage opens to a floorplan which can accommodate 30-40 people, then another 3-4 rooms that can be used for private lunches/dinners with a further sidewalk seating for 20 - all serviced by the updated commercial kitchen which is centrally located.
The building itself complete with a cellar, original floorboards & Windows and period appearance also offers owners the opportunity to transform the original period dairy at the rear and facing Rutherford St into a standalone Accommodation ideal for Bed & Breakfast
Regional Victoria is a boom at the moment with many people now looking at escaping the city for the country fresh air and change of lifestyle. Here is an opportunity to do both - Pizzeria, Wine & Tapas Bar or Barista Coffee are some of the culinary delights along with Bed and Breakfast /Hospitality opportunities that will have the locals and its surrounds enjoying the atmosphere.
Please call for a Private inspection and list of fixtures and fittings.
Property History for 116 High St, Avoca, VIC 3467
- 19 Jun 2023Listed for Sale Not Disclosed
- 13 Sep 2022Listed for Sale $760,000
- 23 Mar 2021Listed for Sale $790,000- $850,000
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0About Avoca 3467
The size of Avoca is approximately 102.5 square kilometres. It has 3 parks covering nearly 17.8% of total area. The population of Avoca in 2011 was 1,263 people. By 2016 the population was 1,172 showing a population decline of 7.2% in the area during that time. The predominant age group in Avoca is 60-69 years. Households in Avoca are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Avoca work in a managers occupation. In 2011, 74% of the homes in Avoca were owner-occupied compared with 77.2% in 2016.
Avoca has 923 properties. Over the last 5 years, Houses in Avoca have seen a 67.82% increase in median value, while Units have seen a -14.48% decrease. As at 31 October 2024:
- The median value for Houses in Avoca is $355,276 while the median value for Units is $303,153.
- Houses have a median rent of $330.
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