OFF MARKET

2051 Princes Highway
Nowa Nowa VIC 3887

Bedrooms: 10
Bathrooms: 12
Car spaces: 30
Land area: 5233m2
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Property Details for 2051 Princes Hwy, Nowa Nowa

Building Type
Commercial
Land Size
5233m2
Local Government
East Gippsland
Lot/Plan
1/TP551764

Last Listing description (January 2024)

THE ONLY HOTEL/MOTEL IN TOWN-12 ROOM MOTEL-2 BEDROOM RESIDENCE

FREEHOLD VACANT POSSESSION with multiple income streams.

Situated 340km East of Melbourne is a rare opportunity to secure the only hotel in town with adjoining 12 room motel and 2 bedroom residence in the heart of Nowa Nowa.

The 5220m2 (approx.) allotment on the Princes Highway between Lakes Entrance and Orbost and 200 meters from the boat ramp. Nowa Nowa is a small town in East Gippsland, near Lakes Entrance. Formerly a timber town and is fast becoming a popular tourist destination. Set on the banks of Lake Tyers and amidst State Forest, Nowa Nowa is a township that offers connections with nature; both land and water-based.

The motel consists of 10 ensuite rooms, 2 rooms with communal bathroom and toilets, 8 rooms are double rooms and have entrance door on each side, originally they were 16 rooms but previous owners opened up the wall to make them double rooms if reverted there would be 20 rooms in total. Onsite laundry room, all washing is done on-site. Each room comes with a flat-screen TV, a private bathroom, and a patio with a garden view

The hotel has been closed for the past couple of years but the motel has been operating well, it has a function room sits approx. 100, Bistro approx. 60, and Beer Garden sits approx. 40. The hotel consists of a bar area with seating and 2 dining rooms which can be closed off, a fully fitted out large kitchen, outdoor area at the rear of the hotel and outdoor area at front of the hotel, few cool rooms that can be of use if you operate a drive-through bottle shop.

The residence comprises two-bedroom, both bedrooms have a bathroom each, large living with slow combustion wood fire, open plan kitchen that has an adjoining door to the hotel, it has its own front entrance and rear yard and private parking, This residence is currently used as holiday accommodation/short terms stays.

Among the various facilities are a garden, barbecue facilities, as well as a terrace and private parking as well as 17kwh solar system on roof reduces power bill right down.

The motel caters to Group Accommodation and Getaways - perfect base camp for explorations to the Buchan Caves, Motorcycle and Bike Riding Groups or Fishing Getaways. Easy Access to East Gippsland Rail Trail; Nowa Nowa Mountain Bike Track.

For more information contact LJ Hooker Lakes Entrance today on 03 5155 6777

Property History for 2051 Princes Hwy, Nowa Nowa, VIC 3887

A timeline of how this property has performed in the market
Last Sold
$676,500
23 Aug 2022
Listed for Rent
$250/w
26 Oct 2020
  • 23 Aug 2022
    Sold for $676,500
  • 11 May 2022
    Listed for Sale Expression of Interest
  • 16 Jul 2021
    Listed for Rent $295 / week
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About Nowa Nowa 3887

The size of Nowa Nowa is approximately 237.9 square kilometres. It has 2 parks covering nearly 97.3% of total area. The population of Nowa Nowa in 2011 was 338 people. By 2016 the population was 195 showing a population decline of 42.3% in the area during that time. The predominant age group in Nowa Nowa is 50-59 years. Households in Nowa Nowa are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Nowa Nowa work in a labourer occupation. In 2011, 82% of the homes in Nowa Nowa were owner-occupied compared with 70.9% in 2016..

Nowa Nowa has 191 properties. Over the last 5 years, Houses in Nowa Nowa have seen a 121.73% increase in median value, while Units have seen a 364.08% increase. As at 31 October 2024:

  • The median value for Houses in Nowa Nowa is $577,720 while the median value for Units is $273,489.
There are currently 1 property listed for sale, and no properties listed for rent in Nowa nowa on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Nowa nowa.

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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.