SOLD
Sold on 27 Oct 2023 for $550,000

848 Seymour-Avenel Road
Mangalore VIC 3663

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 332m2
Land area: 5382m2
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Property Details for 848 Seymour-Avenel Rd, Mangalore

Building Type
Commercial
Year Built
1930
Floor Size
332m2
Land Size
5382m2
Local Government
Strathbogie
Lot/Plan
1/TP245812

Last Listing description (July 2023)

CRE Brokers are pleased to offer the Freehold with Vacant Possession of the Railway Hotel, Mangalore for sale by Auction 10/8/2023 @ 1.00pm.

The Railway Hotel was established in 1880 and rebuilt in 1935. The hotel has a very colorful history.

The current vendor bought the hotel with a vision to make it a venue for major events and functions.

Set on approximately 1.33 acres of Farm zoned land, there is huge potential here.

The building comprises of a large dining area, fully covered beer garden, public bar area and large commercial kitchen. Plenty of period features including 2 working fireplaces and even an old style order slip flying fox from the bar to the kitchen is in full operation.

the hotel also features a 3 bedroom residence attached to the back, with an office area.

The hotel has been re roofed, re stumped, re plumbed, beer lines refurbished (Temprite system) and renovated inside.

Restored to its former glory The Railway Hotel Mangalore is ready for a new owner/operator to create their own history.

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Property History for 848 Seymour-Avenel Rd, Mangalore, VIC 3663

A timeline of how this property has performed in the market
Last Sold
$550,000
27 Oct 2023
  • 27 Oct 2023
    Sold for $550,000
  • 08 Sep 2023
    Listed for Sale UNDER OFFER
  • 13 Jul 2023
    Listed for Sale AUCTION 10/8/2023
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About Mangalore 3663

The size of Mangalore is approximately 68 square kilometres. The population of Mangalore in 2011 was 210 people. By 2016 the population was 190 showing a population decline of 9.5% in the area during that time. The predominant age group in Mangalore is 50-59 years. Households in Mangalore are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Mangalore work in a labourer occupation. In 2011, 79% of the homes in Mangalore were owner-occupied compared with 66.7% in 2016..

Mangalore has 115 properties. Over the last 5 years, Houses in Mangalore have seen a 163.53% increase in median value. As at 30 September 2024:

  • The median value for Houses in Mangalore is $1,332,233 while the median value for Units is $511,151.
There are currently 3 properties listed for sale, and no properties listed for rent in Mangalore on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Mangalore.

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