OFF MARKET

53 Marma Street
Murtoa VIC 3390

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3043m2
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Property Details for 53 Marma St, Murtoa

Building Type
Commercial
Year Built
1913
Land Size
3043m2
Local Government
Yarriambiack
Lot/Plan
1/PS429112

Last Listing description (November 2019)

CRE Brokers are delighted to offer for sale the freehold interest of the Marma Gully Hotel, Murtoa.

The Marma Gully Hotel is a fine red-brick double storey hotel with wrought-iron lacework that was built in 1913 by the Ballarat Brewery. The hotel is built to the street front with a wide verandah running around the front and side.


The hotel is situated on a large allotment of approximately 3042.7 m2 of township zoned land

The hotel features public bar, pool room, bottle shop, lounge, dining, private dining/lounge, kitchen, store rooms, coolroom, 19 accommodation rooms and a private manager's residence with 4 bedrooms.

This historical hotel has several period features including original tin pressed ceilings, and lead light windows.

The hotel has been closed for several years and is looking for a new owner to come in and and breathe new life into this grand old hotel. This opportunity may attract GST

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Property History for 53 Marma St, Murtoa, VIC 3390

A timeline of how this property has performed in the market
Last Sold
$235,000
24 Feb 2020
  • 24 Feb 2020
    Sold for $235,000
  • 25 Jul 2019
    Listed for Sale FH - Offers between $250K & $275K
  • 19 Mar 2019
    Listed for Sale Auction 2/5/2019 @ 1.00pm on site
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About Murtoa 3390

The size of Murtoa is approximately 305 square kilometres. It has 5 parks covering nearly 1.1% of total area. The population of Murtoa in 2011 was 991 people. By 2016 the population was 855 showing a population decline of 13.7% in the area during that time. The predominant age group in Murtoa is 60-69 years. Households in Murtoa are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Murtoa work in a managers occupation. In 2011, 74.4% of the homes in Murtoa were owner-occupied compared with 75.8% in 2016.

Murtoa has 670 properties. Over the last 5 years, Houses in Murtoa have seen a 78.28% increase in median value. As at 31 October 2024:

  • The median value for Houses in Murtoa is $189,599 while the median value for Units is $232,097.
  • Houses have a median rent of $240.
There are currently 6 properties listed for sale, and no properties listed for rent in Murtoa on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Murtoa.

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