OFF MARKET

153 Grampians Road
Halls Gap VIC 3381

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3345m2
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Property Details for 153 Grampians Rd, Halls Gap

Building Type
Commercial
Land Size
3345m2
Local Government
Northern Grampians
Lot/Plan
4/LP116118

Last Listing description (January 2020)

If you are wanting to own your own motel in Halls Gap, with Victorias fastest growing tourism statistics. Here is your opportunity. On offer is the freehold and business aspect to this 10 room motel with 3 bedroom residence. Easy to operate for any owner/management couple.


- Massive 15% Return on Investment
- Consistent year-on-year growth with opportunity for further growth. Grampians, 34.4% increase room nights year end September 18. (Tourism Research Aust)
- Excellent entry level freehold with efficient, easy to manage operation.
- 10 ground floor motel suites and comfortable 3 bedroom residence.
- Central location, easy walking distance to shops
- Spacious grounds suitable for more units (STCA)
- Property inspections are by appointment only

Property History for 153 Grampians Rd, Halls Gap, VIC 3381

A timeline of how this property has performed in the market
Last Sold
$1,700,000
31 May 2023
  • 31 May 2023
    Sold for $1,700,000
  • 19 Dec 2019
    Sold for $900,000
  • 02 Jul 2019
    Listed for Sale $995,000
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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.

Suburb Insights for Halls Gap 3381

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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.