OFF MARKET

1280 Princes Highway
Killarney VIC 3283

Bedrooms: 10
Bathrooms: 5
Car spaces: 10
Floor area: 751m2
Land area: 3604m2
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Last updated 18 Nov 2024
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Property Details for 1280 Princes Hwy, Killarney

1280 Princes Hwy, Killarney is a 10 bedroom, 5 bathroom House with 10 parking spaces and was built in 1850. The property has a land size of 3604m2 and floor size of 751m2. While the property is not currently for sale or for rent, it was last sold in November 2020.

Building Type
House
Year Built
1850
Floor Size
751m2
Land Size
3604m2
Local Government
Moyne
Lot/Plan
1/PS513354

Last Listing description (January 2021)

EXPRESS YOUR INTEREST TO BUY THIS FREEHOLD AND BUSINESS FOR SALE

This motel with a home and business presents a rare opportunity to enjoy a sea change in the wonderful Killarney area in the Western District. Located on the Princes Highway and only five minutes from Killarney Beach the establishment is positioned centrally between the city of Warrnambool and famous townships of Port Fairy and Koroit.

The large two storey bluestone building was originally the Killarney Hotel and now operates as a motel business. Huge potential for upgrade or change of business. The premises still retains a full liquor licence and is situated on a prime highway site. The property comes with a chattels inventory.

Fully equipped commercial kitchen, a variety of multiple accommodation rooms, large recreational rooms, separate dining room, small bar facility area, function room, 3 bedrooms upstairs, owners residence and outdoor patio with views of adjoining farmland.

The owners have decided to retire and now offer this large historic building and business by expression of interest.

Contact Brian Hancock 0408 529 580 for an inspection or for further information.

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Property History for 1280 Princes Hwy, Killarney, VIC 3283

A timeline of how this property has performed in the market
Last Sold
$550,000
24 Nov 2020
Listed for Rent
$185/w
11 Oct 2018
  • 24 Nov 2020
    Sold for $550,000
  • 24 Oct 2019
    Listed for Sale Contact Agent
  • 26 Sep 2018
    Listed for Rent - Price not available
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About Killarney 3283

The size of Killarney is approximately 13.6 square kilometres. It has 1 park. The population of Killarney in 2011 was 312 people. By 2016 the population was 194 showing a population decline of 37.8% in the area during that time. The predominant age group in Killarney is 10-19 years. Households in Killarney are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Killarney work in a professional occupation. In 2011, 83.2% of the homes in Killarney were owner-occupied compared with 96.9% in 2016..

Killarney has 127 properties. Over the last 5 years, Houses in Killarney have seen a 71.48% increase in median value, while Units have seen a 189.18% increase. As at 31 October 2024:

  • The median value for Houses in Killarney is $1,071,118 while the median value for Units is $552,366.
There are currently 2 properties listed for sale, and no properties listed for rent in Killarney on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Killarney.

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