OFF MARKET

1870 Mt Buller Road
Merrijig VIC 3723

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 670m2
Land area: 4940m2
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Property Details for 1870 Mt Buller Rd, Merrijig

Building Type
Commercial
Floor Size
670m2
Land Size
4940m2
Local Government
Mansfield
Lot/Plan
1/TP84145

Last Listing description (March 2022)

The freehold of this iconic hotel is for sale 4900m2 in four titles, 5 year lease with option of 4 further terms of 5 years each.
Currently returning $68,736 per annum excluding GST. Annual rent review to CPI capped at 4% and market review at renewal of each term of 5 years.
An outstanding opportunity to secure the freehold of this well known hotel with excellent frontage to Mt. Buller Road and perfectly placed for long term, year round attraction.

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Property History for 1870 Mt Buller Rd, Merrijig, VIC 3723

A timeline of how this property has performed in the market
Last Sold
$1,350,000
15 Dec 2021
Listed for Rent
24 Nov 2016
  • 15 Dec 2021
    Sold for $1,350,000
  • 18 May 2021
    Listed for Sale UNDER OFFER
  • 28 Oct 2016
    Listed for Rent - Price not available
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About Merrijig 3723

The size of Merrijig is approximately 157.3 square kilometres. It has 1 park covering nearly 46% of total area. The population of Merrijig in 2011 was 705 people. By 2016 the population was 539 showing a population decline of 23.5% in the area during that time. The predominant age group in Merrijig is 10-19 years. Households in Merrijig are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrijig work in a professional occupation. In 2011, 67.6% of the homes in Merrijig were owner-occupied compared with 73.4% in 2016.

Merrijig has 539 properties. Over the last 5 years, Houses in Merrijig have seen a 90.52% increase in median value, while Units have seen a 106.66% increase. As at 31 October 2024:

  • The median value for Houses in Merrijig is $905,746 while the median value for Units is $623,658.
  • Houses have a median rent of $500.
There are currently 18 properties listed for sale, and 1 property listed for rent in Merrijig on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Merrijig.

Suburb Insights for Merrijig 3723

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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.