149 Nicholson StreetOrbost VIC 3888
Property Details for 149 Nicholson St, Orbost
Last Listing description (May 2024)
HISTORIC COMMERCIAL FREEHOLD
Marshall's Commonwealth Hotel - A Historic Gem for Your Portfolio!
Seize the opportunity to own the most iconic building in Orbost - Marshall's Commonwealth Hotel! This solid brick masterpiece, standing since 1901, proudly graced the corner of Salisbury and Nicholson Streets for over 121 years.
Property Highlights:
• Extensive street frontage: Approx. 50m along Nicholson Street and 38m along Salisbury Street.
• Spacious land holding: Approximately 1800 sqm, offering versatility for your investment portfolio.
Investment Potential:
This freehold property comes loaded with potential! Envision the future:
• Revive and Prosper: Renovate and reopen as the 'Go-To Pub,' capturing the charm of its historic past. (Hotel retains all rights and liquor license to trade)
• Diversify Income Streams: Transform this majestic building into retail space, unlocking opportunities for multiple rental incomes as a passive investment.
• Orbost's Historical Landmark: Embark on a journey through Orbost's rich history with this significant property. The region eagerly awaits the revival of this iconic building, making it a project of community-wide support.
For further details on this unparalleled freehold opportunity, contact Luke Oakley with Orbost Real Estate. With convenient accessibility seven days a week, your path to a historic investment awaits!
Contact Luke Oakley:
Phone: 0457 600 895
Don't miss the chance to be a part of Orbost's legacy. Invest in a piece of history and give it a bright future, invest in Marshall's Commonwealth Hotel!
Property History for 149 Nicholson St, Orbost, VIC 3888
- 10 May 2024Sold for $625,000
- 13 Nov 2022Listed for Sale UNDER OFFER
- 30 Aug 2010Sold for $565,000
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0About Orbost 3888
The size of Orbost is approximately 208.6 square kilometres. It has 9 parks covering nearly 86.4% of total area. The population of Orbost in 2011 was 2,493 people. By 2016 the population was 2,231 showing a population decline of 10.5% in the area during that time. The predominant age group in Orbost is 60-69 years. Households in Orbost are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Orbost work in a labourer occupation. In 2011, 69% of the homes in Orbost were owner-occupied compared with 69.9% in 2016.
Orbost has 1,626 properties. Over the last 5 years, Houses in Orbost have seen a 95.00% increase in median value, while Units have seen a 34.92% increase. As at 31 July 2024:
- The median value for Houses in Orbost is $333,728 while the median value for Units is $271,544.
- Houses have a median rent of $370.
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