428-440 High StreetLearmonth VIC 3352
Property Details for 428-440 High St, Learmonth
Last Listing description (July 2019)
This impressive single storey historical hotel is a great opportunity for any purchaser, only 15 minutes from Ballarat and the only hotel in town servicing a very large catchment area.
The Stag Hotel features a public bar with beer garden under beautiful shady trees, a bistro area with seating for 65, a separate lounge and an over the bar bottle shop, all set on over 3000 m2 of land.
The hotel also offers 6 rooms of renovated accommodation with impressive bathroom plus a well appointed private residence.
Secure tenant in place with 15 years remaining on the lease, with a rent of $50,244, the hotel is for sale with an impressive return of approx 8.8%.
The Stag Hotel has had extensive renovations over the last few years, leaving nothing to spend for an incoming investor.
This one ticks all the boxes. Book your inspection now, as this won't last long.
Property History for 428-440 High St, Learmonth, VIC 3352
- 19 Jun 2019Sold for $532,000
- 08 Mar 2019Listed for Sale INVESTMENT $570,000
- 01 May 2015Sold for $420,000
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About Learmonth 3352
The size of Learmonth is approximately 38.6 square kilometres. The population of Learmonth in 2011 was 301 people. By 2016 the population was 436 showing a population growth of 44.9% in the area during that time. The predominant age group in Learmonth is 60-69 years. Households in Learmonth are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Learmonth work in a trades occupation. In 2011, 74.6% of the homes in Learmonth were owner-occupied compared with 78.8% in 2016.
Learmonth has 266 properties. Over the last 5 years, Houses in Learmonth have seen a 68.71% increase in median value. As at 31 October 2024:
- The median value for Houses in Learmonth is $581,297 while the median value for Units is $231,756.
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