THE RAILWAY HOTEL SITS PROMINENTLY ON THE CORNER OF GEORGE AND PEARSON STREETS IN HEYFIELD - SOME 206 KILOMETRES EAST OF MELBOURNE. THE CHARACTER FILLED PUB FEATURES A CLASSIC CORNER PUBLIC BAR AND A LARGE FAMILY BISTRO WITH AMPLE FUNCTION SPACE, COMMERCIAL KITCHEN AND KIDS PLAY AREA. SITUATED AT THE REAR OF THE PROPERTY ARE NINE RECENTLY CONSTRUCTED MOTEL UNITS, AN OPERATOR S RESIDENCE AND HOTEL CAR PARK. THE PROPERTY IS APPROXIMATELY 1,812SQM IN SIZE AND IS ZONED COMMERCIAL 1 (C1Z). WHILE OFFERED FOR SALE WITH VACANT POSSESSION, THE HOTEL HAS A CURRENT GENERAL LIQUOR LICENCE (1AM) AND IS READY TO TRADE. THE PROPERTY OWNER OFFERS A BRAND NEW LEASE TO AN APPROVED TENANT.FEATURES:- AMPLE PARKING AND STORAGE.- NINE RECENTLY CONSTRUCTED MOTEL SUITES.- OPERATOR'S RESIDENCE.- PUBLIC BAR AND LARGE FAMILY BISTRO.
The size of Heyfield is approximately 75.7 square kilometres. It has 9 parks covering nearly 9.6% of total area. The population of Heyfield in 2011 was 1,937 people. By 2016 the population was 1,978 showing a population growth of 2.1% in the area during that time. The predominant age group in Heyfield is 60-69 years. Households in Heyfield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Heyfield work in a labourer occupation. In 2011, 76.3% of the homes in Heyfield were owner-occupied compared with 74.4% in 2016.
Heyfield has 1,261 properties. Over the last 5 years, Houses in Heyfield have seen a 80.76% increase in median value, while Units have seen a 61.99% increase. As at 31 July 2024:
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