17 King George StreetLeitchville VIC 3567
Property Details for 17 King George St, Leitchville
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
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
- 08 May 2024Sold for $700,000
- 06 Dec 2019Listed for Sale $795,000 + SAV
- 23 Apr 2019Listed 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 152.48% increase in median value. As at 31 July 2024:
- The median value for Houses in Leitchville is $347,928 while the median value for Units is $230,944.
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