OFF MARKET

20 Wallace Street
Meredith VIC 3333

Bedrooms: 4
Bathrooms: 3
Car spaces: 20
Floor area: 55m2
Land area: 2043m2
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Property Details for 20 Wallace St, Meredith

Building Type
Commercial
Floor Size
55m2
Land Size
2043m2
Local Government
Golden Plains
Lot/Plan
CP169068

Last Listing description (October 2024)

* Prime corner highway location
* Eat-in or takeaway service
* Ample on and offsite parking

* Support from local sports club
* 3 split systems plus open fire
* Capacity for 400-500 guests in outdoor beer garden
* Undercover stage for live music
* Exceptionally clean and well-presented
* Outdoor bar area
* Main dining for 50-60 people
* Bar, TAB area, and pool table
* 64-panel solar system
* Fully equipped kitchen with freezer and cool room
* 4-bedroom, 3-bathroom residence with private courtyard
* Longstanding ownership (11 years)

Discover an unparalleled commercial investment opportunity with this landmark establishment in the heart of Meredith.
The well-known venue offers a unique blend of modern amenities, rich history, and a prime location, making it a standout property for savvy investors.
Situated at the best position in town, The Royal Hotel Meredith enjoys high visibility and easy access, ensuring a steady stream of patrons from both locals and travellers.

The hotel provides both eat-in and takeaway services, demonstrating resilience and adaptability during Covid times, ensuring continuous revenue streams.
The outdoor beer garden can accommodate 400-500 guests and features an undercover stage for live music, making it a popular venue for events and gatherings. The main dining area comfortably seats 50-60 people, creating an intimate yet vibrant dining experience.

With plenty of on and offsite parking available, patrons can easily access the venue, enhancing its appeal and convenience.
The property is equipped with 3 split systems and an open fire, ensuring comfort throughout the year. The exceptionally clean and well-presented spaces include an outdoor bar area, a bar, TAB area, and a pool table, offering diverse entertainment options.

The 64-panel solar system significantly reduces energy costs, adding to the property's sustainability and appeal.

The well-sized kitchen includes an inside freezer and a second cool room for the bar, ensuring efficient operations. The sale includes the cool room and beer system, making it a turnkey opportunity.

Also on the premises is a spacious 4-bedroom, 3-bathroom residence with a private courtyard, open kitchen, and living area. The office seamlessly links with the bar and house, providing convenience and privacy for the owners.
The Royal Hotel Meredith enjoys strong support from the local sports club, fostering a loyal customer base and community presence.
With the current owners having successfully operated the hotel for 11 years, the property boasts a well-established reputation and a history of profitability.
Contact agent Chris Garlick.

Property History for 20 Wallace St, Meredith, VIC 3333

A timeline of how this property has performed in the market
Last Sold
$550,000
27 Nov 2012
  • 04 Sep 2024
    Listed for Sale Contact Agent
  • 02 Sep 2022
    Listed for Sale $1,275,000 to $1,350,000
  • 27 Nov 2012
    Sold for $550,000
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About Meredith 3333

The size of Meredith is approximately 209.4 square kilometres. It has 4 parks covering nearly 4.5% of total area. The population of Meredith in 2011 was 738 people. By 2016 the population was 804 showing a population growth of 8.9% in the area during that time. The predominant age group in Meredith is 50-59 years. Households in Meredith are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Meredith work in a managers occupation. In 2011, 83.3% of the homes in Meredith were owner-occupied compared with 81.4% in 2016.

Meredith has 498 properties. Over the last 5 years, Houses in Meredith have seen a 61.07% increase in median value, while Units have seen a -37.73% decrease. As at 31 October 2024:

  • The median value for Houses in Meredith is $1,426,894 while the median value for Units is $265,785.
  • Houses have a median rent of $295.
There are currently 4 properties listed for sale, and no properties listed for rent in Meredith on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Meredith.

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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.