FOR AUCTION FRIDAY 18th SEPTEMBER 2020 at 1:00PM
Iconic Kilcunda Hotel Freehold "The Killy" with a front view position over looking the beautiful blue waters of Bass Strait. Land size 2326 sqm. The building has a good sized public bar, dining room with great water views, plus large lounge, beer garden out back, full commercial kitchen and owners/managers residence. Best also mention the large deck out front that looks out over these blue ocean waters. Securely leased out with annual rental of $74,163.50 plus GST and outgoings.
This is the right time and an opportunity to secure an investment in a sought after coastal rural town only 120 kilometres from the City.
Register for the Online Auction by contacting the agent Patrick Barry 0418 124 100 or patrickbarry@scre.com.au
The size of Kilcunda is approximately 19.7 square kilometres. It has 4 parks covering nearly 0.2% of total area. The population of Kilcunda in 2011 was 319 people. By 2016 the population was 400 showing a population growth of 25.4% in the area during that time. The predominant age group in Kilcunda is 50-59 years. Households in Kilcunda are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kilcunda work in a professional occupation. In 2011, 74.1% of the homes in Kilcunda were owner-occupied compared with 79.7% in 2016.
Kilcunda has 565 properties. Over the last 5 years, Houses in Kilcunda have seen a 52.30% increase in median value. As at 31 October 2024:
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