SOLD
Sold on 08 May 2024 for $700,000

17 King George Street
Leitchville VIC 3567

Bedrooms: 8
Bathrooms: -
Car spaces: -
Land area: 3100m2
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Property Details for 17 King George St, Leitchville

Building Type
Commercial
Land Size
3100m2
Local Government
Gannawarra
Lot/Plan
28/LP6881

Last Listing description (July 2022)

After 18 years ownership this hotel is now for sale W.I.W.O.
Estimated turnover for 2019/2020 is $632,376
A potential annual Gross Profit of $305,302 for an active couple

Immaculate presentation with Dining Room & Alfresco meals areas
8 Accommodation rooms with potential to expand
1 bedroom self-contained owner/managers residence
The area is booming with solar farm developments, diverse farming industries and proposed gold exploration from Providence/Hancock mining
Leitchville is minutes from many waterways including the Murray River and Gunbower creek.
Tourism is booming in this area, only a short drive to Echuca and forms part of the Koondrook/Cohuna/Kerang visitor triangle

An inspection of this very desirable freehold and profitable business comes highly recommended.

Property History for 17 King George St, Leitchville, VIC 3567

A timeline of how this property has performed in the market
Last Sold
$700,000
08 May 2024
  • 08 May 2024
    Sold for $700,000
  • 06 Dec 2019
    Listed for Sale $795,000 + SAV
  • 23 Apr 2019
    Listed for Sale $850,000
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About Leitchville 3567

The size of Leitchville is approximately 128.6 square kilometres. It has 2 parks covering nearly 24.8% of total area. The population of Leitchville in 2011 was 619 people. By 2016 the population was 550 showing a population decline of 11.1% in the area during that time. The predominant age group in Leitchville is 50-59 years. Households in Leitchville are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Leitchville work in a managers occupation. In 2011, 74.3% of the homes in Leitchville were owner-occupied compared with 70.9% in 2016.

Leitchville has 370 properties. Over the last 5 years, Houses in Leitchville have seen a 142.14% increase in median value, while Units have seen a 42.15% increase. As at 30 November 2024:

  • The median value for Houses in Leitchville is $316,616 while the median value for Units is $310,260.
There are currently no properties listed for sale, and no properties listed for rent in Leitchville on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Leitchville.

Suburb Insights for Leitchville 3567

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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.