SOLD
Sold on 08 Mar 2024 for $800,000

7-11 Towong Road
Corryong VIC 3707

Bedrooms: 8
Bathrooms: -
Car spaces: -
Land area: 4291m2
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Property Details for 7-11 Towong Rd, Corryong

Building Type
Commercial
Land Size
4291m2
Local Government
Towong
Lot/Plan
CP166121

Last Listing description (November 2023)

Outstanding VIC Freehold Motel Offering!

Immaculately presented, this superb boutique Motel is rich with history and packed with charm.

Featuring 9 well-appointed ground floor motel suites with a diverse range of room configurations, ample on-site guest parking, large commercial kitchen, commercial laundry plus guest laundry facilities, outdoor seating area and very good motel signage.

A separate spacious 3 bedroom family residence, with a huge backyard, citrus trees and sheds completes the package all within a short stroll to the vibrant town centre and school.

Key Features:

* Motivated vendors keen to sell
* Quality boutique motel set within low maintenance lawns and gardens
* Strong corporate client base, and repeat trade from locals and tourists
* The Man From Snowy River Bush Festival and other yearly events
* Iconic Snowy Mountain Hydro Electric Scheme power stations M1 & M2
* Surrounded by mountains, rivers, waterfalls and national parks
* Permanent VIC liquor licence
* Private 3 bedroom family residence with huge backyard
* Short stroll to the main street and school
* Situated on 4,291m2 of General Residential Zoned land

A wonderful opportunity awaits a savvy operator wanting a business and lifestyle change within a fantastic community and popular location.

Guaranteed to impress the discerning buyer!

Contact Dan McDonald at MHB direct on 0437 838 368 to arrange an inspection of this superb property.

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Property History for 7-11 Towong Rd, Corryong, VIC 3707

A timeline of how this property has performed in the market
Last Sold
$800,000
08 Mar 2024
  • 08 Mar 2024
    Sold for $800,000
  • 08 Feb 2021
    Listed for Sale Freehold Going Concern - $1,690,000 (Negotiable)
  • 12 Jul 2019
    Sold for $500,000
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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 974 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 8 properties listed for sale, and no properties listed for rent in Corryong on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Corryong.

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