SOLD
Sold on 17 Jun 2024 for $500,000

54-56 Commercial Street E
Kaniva VIC 3419

Bedrooms: 5
Bathrooms: -
Car spaces: -
Land area: 2285m2
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Property Details for 54-56 Commercial St E, Kaniva

Building Type
Commercial
Land Size
2285m2
Local Government
West Wimmera
Lot/Plan
1/TP414651

Last Listing description (February 2017)

Ever wanted to own your own Pub?
Located in the beautiful township of Kaniva, situated approximately halfway between Melbourne and Adelaide - on the busy Western Highway, this hotel is set up for success. It has a large bar area, with TAB facilities, SKY Channel, numerous teletext TV's and pool tables. Featuring tables and chairs undercover on the front footpath, this area is perfect for outdoor socialising.
A large lounge complete with Bain Marie, cappuccino and slushie machines help make dining a pleasurable experience. The projector screen TV is perfect for watching the footy or cricket while enjoying another frothie. A beer garden to the east of the room provides a wonderful setting for outdoor entertainment. The lounge bar connects with the main bar to help keep staffing to a minimum. It also features a well set out commercial kitchen. A five bedroom residence is attached to the rear of the kitchen, complete with its own separate lounge area.

This is an excellent opportunity to own a country hotel at country prices. Owners are moving on after six years and are wishing to sell the business and freehold. Alternatively, they are willing to sell just the business with a 25 year lease, with rent $450 p/w (ex GST)

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Property History for 54-56 Commercial St E, Kaniva, VIC 3419

A timeline of how this property has performed in the market
Last Sold
$500,000
17 Jun 2024
  • 17 Jun 2024
    Sold for $500,000
  • 14 Feb 2022
    Sold for $345,000
  • 12 Aug 2021
    Transferred
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About Kaniva 3419

The size of Kaniva is approximately 1,043.2 square kilometres. It has 3 parks covering nearly 8.3% of total area. The population of Kaniva in 2011 was 1,060 people. By 2016 the population was 815 showing a population decline of 23.1% in the area during that time. The predominant age group in Kaniva is 60-69 years. Households in Kaniva are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Kaniva work in a managers occupation. In 2011, 77.5% of the homes in Kaniva were owner-occupied compared with 79.5% in 2016.

Kaniva has 772 properties. Over the last 5 years, Houses in Kaniva have seen a 78.21% increase in median value. As at 31 August 2024:

  • The median value for Houses in Kaniva is $218,756 while the median value for Units is $329,654.
There are currently 4 properties listed for sale, and no properties listed for rent in Kaniva on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in Kaniva.

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