OFF MARKET

59A Hanson Street
Corryong VIC 3707

Bedrooms: 5
Bathrooms: -
Car spaces: -
Land area: 810m2
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Property Details for 59a Hanson St, Corryong

Building Type
Commercial
Land Size
810m2
Local Government
Towong
Lot/Plan
1/TP299165

Last Listing description (September 2022)

The perfect opportunity for those looking for a tree change to the picturesque Upper Murray, nestled in the foothills of the Snowy Mountains.

Black Sheep has developed a strong loyal following of local customers over just shy of five years of operation. Business is boosted in tourism seasons through snow trade in winter and an influx over the summer school holidays, as well as long weekends and the Easter holidays.

This business provides the ability to decide your own hours and allows you to enjoy the fantastic day trips, hikes, and scenery that this area has to offer. Currently, the owners operate five to six days a week 8am-1pm for breakfast and lunch, depending on the season, with occasional, highly popular evening meals showing a possible expansion to the business if desired.

Takings approximately $360K, or $6100 a week with loads of upsides.

Long term lease with the progressive landlord.

Maximum capacity 50 patrons, with the potential for 38 seats inside and the remainder pavement dining.

Currently holds a cafe/restaurant liquor licence and a limited licence.

3 group La Marzocco coffee machine on lease with a strong, reliable relationship with AXIL coffee roasters in Melbourne.

Compact, functional kitchen with six-burner gas stove, oven and grill, dishwasher and chattels included in the sale.

Currently operating with a seasonal menu, the cafe can be run with three staff during the week with extra staff on weekends and holiday periods.

Property Code: 661

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Property History for 59a Hanson St, Corryong, VIC 3707

A timeline of how this property has performed in the market
Last Sold
$1,350,000
24 Apr 2022
  • 24 Apr 2022
    Sold for $1,350,000
  • 14 Dec 2020
    Listed for Sale OFFERS OVER $90,000
  • 31 May 2006
    Sold for $240,000

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About Corryong 3707

The size of Corryong is approximately 69.2 square kilometres. It has 6 parks covering nearly 26.8% of total area. The population of Corryong in 2011 was 1,441 people. By 2016 the population was 1,365 showing a population decline of 5.3% in the area during that time. The predominant age group in Corryong is 50-59 years. Households in Corryong are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corryong work in a managers occupation. In 2011, 66.8% of the homes in Corryong were owner-occupied compared with 64.1% in 2016.

Corryong has 975 properties. Over the last 5 years, Houses in Corryong have seen a 88.73% increase in median value, while Units have seen a 43.07% increase. As at 31 October 2024:

  • The median value for Houses in Corryong is $332,216 while the median value for Units is $337,119.
  • Houses have a median rent of $238.
There are currently 10 properties listed for sale, and no properties listed for rent in Corryong on OnTheHouse. According to CoreLogic's data, 25 properties were sold in the past 12 months in Corryong.

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