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Sold on 21 Oct 2024 - Price Unavailable

11 Old Bunga Road
Lake Bunga VIC 3909

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 20000m2
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Property Details for 11 Old Bunga Rd, Lake Bunga

Building Type
Commercial
Land Size
20000m2
Local Government
East Gippsland

Last Listing description (October 2024)

Situated on 5 acres for expansion, future development or Hop growing as well as other business potential or even a new home site.
Ample space to operate not only beer manufacturing but Gin/Whiskey distilling, wine, RTD's and Nonalcoholic beverages,
Existing brewhouse is ready for beer and Hard Seltzer making all ready to go.

All stock included in price for a turnkey open and start serving business.
Also includes a Commercial food van kitchen fitted out with multiple friers, a large hot plate, fridges, freezers for that food chef or passionate cook.
Opportunity for new owners to sub lease out food van to others as separate business.
Office space and storage areas.
Ample off-street parking for cars, busses, caravans, boat trailers, helicopters.
Current 5hL brewhouse capable of producing at least 26000L of product PA
Full cool room Andale beer/beverage tap system.
Extra product cool rooms
Potential Cafe/Garden Centre opportunity with a liquor licence
The opportunities are endless
Located in the biggest growth part of Lakes Entrance
Contact King & Heath for more information.

Property History for 11 Old Bunga Rd, Lake Bunga, VIC 3909

A timeline of how this property has performed in the market
Last Sold
21 Oct 2024
  • 21 Oct 2024
    Sold
  • 30 Apr 2024
    Listed for Sale $845,000
  • 03 Nov 2023
    Listed for Sale $950,000 + SAV

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About Lake Bunga 3909

The size of Lake Bunga is approximately 2 square kilometres. It has 1 park covering nearly 2.3% of total area. The population of Lake Bunga in 2011 was 451 people. By 2016 the population was 310 showing a population decline of 31.3% in the area during that time. The predominant age group in Lake Bunga is 60-69 years. Households in Lake Bunga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lake Bunga work in a professional occupation. In 2011, 78.3% of the homes in Lake Bunga were owner-occupied compared with 84.6% in 2016.

Lake Bunga has 338 properties. Over the last 5 years, Houses in Lake Bunga have seen a 71.86% increase in median value, while Units have seen a 81.94% increase. As at 31 October 2024:

  • The median value for Houses in Lake Bunga is $655,934 while the median value for Units is $394,672.
  • Houses have a median rent of $285.
There are currently 21 properties listed for sale, and 1 property listed for rent in Lake bunga on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Lake bunga.

Suburb Insights for Lake Bunga 3909

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Contact agent
Chris Howlett
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Sam Palmer
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KING & HEATH FIRST NATIONAL - Bairnsdale
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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.