49 Main RoadBuchan VIC 3885
Property Details for 49 Main Rd, Buchan
Last Listing description (November 2024)
With a storied history dating back to 1882, the Buchan Caves Hotel is now available for sale, including both the business and the freehold.
Located in the charming high-country township of Buchan, renowned for its extensive limestone cave system that draws an abundance of tourists each year, this hotel is a prime opportunity.
Following a devastating fire in 2014, the hotel was completely rebuilt in 2016. The new design blends modern amenities with historic charm, beloved by both locals and visitors.
The hotel boasts an open-plan public bar with spacious north facing outdoor decking, a central commercial kitchen, a large restaurant, plus a two-bedroom manager's residence on the first floor.
Perfectly suited for an owner-operator, this is the ideal opportunity for anyone who has ever dreamed of owning their own hotel.
Property History for 49 Main Rd, Buchan, VIC 3885
- 27 Nov 2024Sold
- 15 Jul 2024Listed for Sale $1,295,000 + SAV
- 01 Apr 2022Sold for $1,000,000
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About Buchan 3885
The size of Buchan is approximately 429.6 square kilometres. It has 5 parks covering nearly 88.6% of total area. The population of Buchan in 2011 was 386 people. By 2016 the population was 226 showing a population decline of 41.5% in the area during that time. The predominant age group in Buchan is 50-59 years. Households in Buchan are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Buchan work in a managers occupation. In 2011, 78.8% of the homes in Buchan were owner-occupied compared with 77.9% in 2016..
Buchan has 287 properties. Over the last 5 years, Houses in Buchan have seen a 71.05% increase in median value. As at 30 November 2024:
- The median value for Houses in Buchan is $361,357 while the median value for Units is $276,502.
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