1-3 School RoadErica VIC 3825
Property Details for 1-3 School Rd, Erica
Last Listing description (May 2019)
Hotel & Service Station & 4 Bedroom Home Three properties to be sold as a package
- the freehold only of the Erica Hotel/Motel, currently on a long lease at $62,000pa rental, including the bar/bistro and 7 motel rooms
- a separate service station freehold ready to owner operate or lease out - PLUS a 4 bedroom brick veneer home in excellent condition
This package is on 3 separate titles and is an outstanding investment opportunity.
Property History for 1-3 School Rd, Erica, VIC 3825
- 16 Mar 2016Listed for Sale $1,300,000 + GST
- 11 Dec 2011Listed for Sale UNDER CONTRACT
- 04 Jun 2009Listed for Sale 71000
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0About Erica 3825
The size of Erica is approximately 14.3 square kilometres. It has 1 park covering nearly 42.3% of total area. The population of Erica in 2011 was 324 people. By 2016 the population was 186 showing a population decline of 42.6% in the area during that time. The predominant age group in Erica is 60-69 years. Households in Erica are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Erica work in a trades occupation. In 2011, 80.5% of the homes in Erica were owner-occupied compared with 80.8% in 2016..
Erica has 155 properties. Over the last 5 years, Houses in Erica have seen a 92.23% increase in median value. As at 31 October 2024:
- The median value for Houses in Erica is $459,846 while the median value for Units is $610,574.
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