44 Mary StreetDookie VIC 3646
Property Details for 44 Mary St, Dookie
Last Listing description (November 2020)
EXCLUSIVE TO CRE BROKERS
The iconic Gladstone Hotel, Dookie.
This Hotel offers a fantastic and affordable opportunity to enter the tightly held investment market.
Built in the 1880`s the Gladstone Hotel is ideally situated on a corner block on the main thoroughfare through town and features a spacious open plan public bar, lounge with open fire, restaurant / bistro with seating for up to 60, beer garden, footpath trade, plenty of parking for patrons plus a large 6 bedroom residence with 2 lounges.
Also affectionately known as the "The Dookie Pub", it is renowned for its excellent food within the region and is well patronised by loyal locals and sporting community groups.
* Secure 8.9% (approx.) return on investment
* Long lease with secure tenant
* Only Hotel in town
* Huge 6 bedroom residence
* Secure rental return of $41,208pa
* Situated on a 2,425m2 (approx.) of Township Zoned Land
This is a wonderful opportunity for a savvy investor.
Contact Dan McDonald at CRE Brokers to arrange an inspection.
Property History for 44 Mary St, Dookie, VIC 3646
- 28 Aug 2020Sold for $455,000
- 26 May 2020Listed for Sale Freehold Passive Investment - $465,000
- 08 May 2019Listed for Sale Freehold Passive Investment - $495,000
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About Dookie 3646
The size of Dookie is approximately 70.1 square kilometres. The population of Dookie in 2011 was 517 people. By 2016 the population was 333 showing a population decline of 35.6% in the area during that time. The predominant age group in Dookie is 0-9 years. Households in Dookie are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dookie work in a professional occupation. In 2011, 75.4% of the homes in Dookie were owner-occupied compared with 80.6% in 2016.
Dookie has 240 properties. Over the last 5 years, Houses in Dookie have seen a 57.13% increase in median value, while Units have seen a -10.75% decrease. As at 31 August 2024:
- The median value for Houses in Dookie is $431,616 while the median value for Units is $612,629.
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