Investment Hotel - 10% Return - CRE Ref# 50611V
Prominent hotel in the heart of a Victorian country town offered for sale as a tenanted freehold investment. Rental return approx $30,228 pa. A genuine 10% return to start or add to your investment portfolio.
The size of Culgoa is approximately 162 square kilometres. It has 1 park. The population of Culgoa in 2011 was 337 people. By 2016 the population was 91 showing a population decline of 73.0% in the area during that time. The predominant age group in Culgoa is 60-69 years. Households in Culgoa are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Culgoa work in a managers occupation. In 2011, 83.4% of the homes in Culgoa were owner-occupied compared with 79.6% in 2016..
Culgoa has 128 properties. Over the last 5 years, Houses in Culgoa have seen a 46.39% increase in median value. As at 31 October 2024:
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