OFF MARKET

1615 Snow Road
Milawa VIC 3678

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 8045m2
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Property Details for 1615 Snow Rd, Milawa

Building Type
Commercial
Land Size
8045m2
Local Government
Wangaratta
Lot/Plan
CP157787

Last Listing description (September 2022)

Offered to the market for the first time in 10 years, this boutique-style motel is immaculately presented and the current owners have built an enviable reputation for a comfortable, home-like stay that continues to attract return clientele year-on-year. This opportunity would suit first-time buyers looking to enter the accommodation industry and/or couples alike. With facilities including the inground pool, barbecue area and pizza oven, there are minimal maintenance duties

A very attractive net profit of over $234,000 for the 2021/22 year, confirms that astute buyers will be putting this opportunity atop their list of properties for inspection.

- Easily run by two-person team with no staff required
- Adjusted net profit of over $234k for the 2021/22 FY
- Beautiful park-like surrounds
- Ideally located to continue to attract gourmet food lovers
- Potential to upscale income from under utilised restaurant
- Spacious rooms with nothing to spend
- Property inspections are by appointment only

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Property History for 1615 Snow Rd, Milawa, VIC 3678

A timeline of how this property has performed in the market
Last Sold
$750,000
22 Aug 2012
  • 24 Aug 2022
    Listed for Sale $1,600,000
  • 16 Oct 2019
    Listed for Sale FHGC - $1,195,000
  • 22 Aug 2012
    Sold for $750,000
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About Milawa 3678

The size of Milawa is approximately 67 square kilometres. The population of Milawa in 2011 was 591 people. By 2016 the population was 587 showing a population decline of 0.7% in the area during that time. The predominant age group in Milawa is 50-59 years. Households in Milawa are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Milawa work in a managers occupation. In 2011, 84.1% of the homes in Milawa were owner-occupied compared with 84.4% in 2016..

Milawa has 312 properties. Over the last 5 years, Houses in Milawa have seen a 56.14% increase in median value. As at 31 August 2024:

  • The median value for Houses in Milawa is $767,006 while the median value for Units is $357,263.
  • Houses have a median rent of $320.
There are currently 1 property listed for sale, and 1 property listed for rent in Milawa on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Milawa.

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