Looking for a break from the everyday? Ever fantasised about owning your own pub? Then this is the opportunity you have been waiting for. Currently set up as a residence and zoned township, it makes a fantastic home or weekend getaway but could easily be reinvigorated as a hotel or holiday accommodation.
Affordable and in good nick, this historical building offers a flexible floor plan that currently houses three bedrooms with their own bathroom/laundry and kitchenette, light filled sitting room, cosy lounge with wood heater and access to one of the two bar areas, a large dining room with open fire place, office/study, commercial kitchen and pizza oven, cool room and multiple storage areas. The sitting room opens onto the enclosed courtyard for private outdoor entertaining and the site is a generous 2000sqm with approximately half as open space perfect for further development (STCA).
Well positioned on the Creswick Road overlooking Memorial Park and close to the Railway Arts Hub it is pivotal to the Central Goldfields and Daylesford Spa tourist regions and just over 90 minutes from Melbourne.
The size of Newstead is approximately 46.7 square kilometres. It has 3 parks covering nearly 21.1% of total area. The population of Newstead in 2011 was 802 people. By 2016 the population was 750 showing a population decline of 6.5% in the area during that time. The predominant age group in Newstead is 60-69 years. Households in Newstead are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 78.5% of the homes in Newstead were owner-occupied compared with 82.6% in 2016.
Newstead has 606 properties. Over the last 5 years, Houses in Newstead have seen a 34.51% increase in median value. As at 31 October 2024:
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