SOLD
Sold on 24 Oct 2023 for $2,700,000

204-232 Grampians Road
Halls Gap VIC 3381

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 188500m2
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Property Details for 204-232 Grampians Rd, Halls Gap

Building Type
Commercial
Land Size
188500m2
Local Government
Northern Grampians
Lot/Plan
2/PS444994

Last Listing description (October 2023)

For Sale as Freehold Going Concern - Expression of Interest Invited

Xcllusive Business Sales and Australian Business Sales are pleased to offer to the market this unique property at 204-232 Grampians Road, Halls Gap Victoria 3381

The property is owned by the Uniting Church and operates as a group accommodation offering with extensive buildings and facilities to accommodate 186 guests. The freehold land together will all associated business assets, buildings and improvements are offered for sale via an Expression of Interest.

Highlights:

- Worldwide recognised tourist destination within the amazing Grampians (Gariwerd) National Park

- There are extensive buildings that include guest accommodation, 2x commercial kitchens, 2x dining halls, 2x lounge/activity rooms, 3x onsite manager and staff accommodation.

- Substantial solid brick construction

- Excellent onsite and off-site activities

- Two separate complete campsites on the one property.

- Multiple income opportunities from school camps, social/interest/sports group accommodation, conferences, weddings, and the functions market.

- Significant upside potential to increase occupancy and revenue.

- Vacant procession for a new owner to put their stamp on these this prime asset and drive business growth.

The Uniting Church in Australia has decided that operation and management of campsites is not integral to the church's purpose and mission.

The business and freehold is being offered as Freehold Going Concerns Concern and is for sale via Expression of Interest

All offers must be submitted to the Agent by 3 pm, Tuesday 22nd August 2023.

The sale is for the Freehold property including the business as a going concern. Interested parties will need to sign a Confidentiality Agreement before further details and inspection can be arranged.

All site visits and inspections must be pre-arranged with the Agent.

The Agent and the Vendor may vary the dates and withdraw any or all the sites from the sale process before a binding agreement is entered into.

Video links:

Norval https://www.youtube.com/watch?v=s6NA2IhtIPs

Property Code: 3505

Property History for 204-232 Grampians Rd, Halls Gap, VIC 3381

A timeline of how this property has performed in the market
Last Sold
$2,700,000
24 Oct 2023
  • 24 Oct 2023
    Sold for $2,700,000
  • 01 Aug 2023
    Listed for Sale EXPRESSIONS OF INTEREST

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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 748 properties. Over the last 5 years, Houses in Halls Gap have seen a 84.90% increase in median value, while Units have seen a 49.12% increase. As at 31 July 2024:

  • The median value for Houses in Halls Gap is $491,083 while the median value for Units is $345,210.
  • Houses have a median rent of $400.
There are currently 8 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.