OFF MARKET

125-127 Grampians Road
Halls Gap VIC 3381

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1094m2
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Property Details for 125-127 Grampians Rd, Halls Gap

Building Type
Commercial
Land Size
1094m2
Local Government
Northern Grampians
Lot/Plan
1/TP841516

Last Listing description (December 2018)

A once in a generation opportunity exists to purchase the Kookaburra Hotel Bar & Bistro, This extremely profitable business is being offered for sale by the original owners of more that 38 years. Located in the heart of Halls Gap, one of Victoria's iconic tourist destinations which is experiencing overwhelming growth in tourist numbers, this thriving destination is located just 2 & 1/2 hours drive from Melbourne. The Kookaburra has long been the preferred destination for locals and tourists spanning far and wide, the success underscored by the food, traditional full flavoured comfort food expertly prepared is what sets this venue apart. The vendors have built up an outstanding business model that would ensure immediate and ongoing profitability, with the option for a 'transitional period' with the new owners. Other features include:
* Business for sale including all plant and equipment, Major renovation in 2014 offering modern, comfortable bar and dining facilities which included refurbishment of bar, including full glycol beer system with 12 taps, new kitchen equipment & cool rooms and is licensed up to 150 patrons. Also offering alfresco dining, there is opportunity to expand the business further with an increase in trading hours. This is a terrific opportunity to purchase a vibrant business and uphold the enviable reputation the Kookaburra has built up over many years. Contact the Agent today for more information.

Property History for 125-127 Grampians Rd, Halls Gap, VIC 3381

A timeline of how this property has performed in the market
  • 28 Nov 2018
    Listed for Sale $505,000 + SAV
  • 23 Apr 2018
    Listed for Sale $505,000 + SAV

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About Halls Gap 3381

The size of Halls Gap is approximately 76 square kilometres. It has 6 parks covering nearly 76.9% of total area. The population of Halls Gap in 2011 was 613 people. By 2016 the population was 435 showing a population decline of 29.0% in the area during that time. The predominant age group in Halls Gap is 60-69 years. Households in Halls Gap are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Halls Gap work in a managers occupation. In 2011, 65.8% of the homes in Halls Gap were owner-occupied compared with 52.6% in 2016.

Halls Gap has 750 properties. Over the last 5 years, Houses in Halls Gap have seen a 56.48% increase in median value, while Units have seen a 97.18% increase. As at 31 October 2024:

  • The median value for Houses in Halls Gap is $419,380 while the median value for Units is $486,791.
  • Houses have a median rent of $400.
There are currently 10 properties listed for sale, and 1 property listed for rent in Halls gap on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Halls gap.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.