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 542 properties. Over the last 5 years, Houses in Merrijig have seen a 73.97% increase in median value, while Units have seen a 57.60% increase. As at 30 November 2024:

  • The median value for Houses in Merrijig is $775,765 while the median value for Units is $655,061.
  • Houses have a median rent of $500.
There are currently 16 properties listed for sale, and 1 property listed for rent in Merrijig on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Merrijig.

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