OFF MARKET

8809 Princes Highway
Panmure VIC 3265

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1995m2
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Property Details for 8809 Princes Hwy, Panmure

Building Type
Commercial
Land Size
1995m2
Local Government
Moyne
Lot/Plan
2/PS621565

Last Listing description (November 2008)

HOTEL FREEHOLD
FREEHOLD INVESTMENT $340,000
SITUATED IN VICTORIA'S WESTERN DISTRICT THIS HOTEL IS PROMINENTLY LOCATED ON THE PRINCES HIGHWAY APPROX 30 MINUTES DRIVE FROM THE CITY OF WARNAMBOOL AND APPROX 3 HOURS DRIVE FROM MELBOURNE. THE HOTEL HAS CONTINUOUSLY OPERATED FOR OVER 80 YEARS AND SERVICES IN THE MAIN THE STRONG LOCAL FARMING COMMUNITY.

THE IMPROVEMENTS CONSIST OF A TWO STOREY BRICK BUILDING IN FAIR CONDITION COMPRISING:
GROUND FLOOR: MAIN BAR, LOUNGE, DINING-ROOM (SEATS APPROX 45 ) MALE AND FEMALE AMENITIES, COVERED OUTDOOR AREA.
FIRST FLOOR: 8 ROOMS, MANAGER€™S OFFICE AND SHARED AMENITIES.
LEASE DETAILS:
5 YEAR LEASE COMMENCING 18TH AUGUST, 2008 (NO FURTHER OPTIONS)
RENTAL $32,240 PER ANNUM + GST + OUTGOINGS
INCREASES 4% PER ANNUM
ZONING:
TOWNSHIP ZONE
AREA:
APPROX 2000M2 (1/2 AN ACRE)
FOR FURTHER INFORMATION OR TO ARRANGE AN INSPECTION PLEASE CONTACT:
FRANK TROOST
0418 884 733
FRANK@TOWERREALESTATE.COM.AU
5221 5000
RUSSELL SMITH
0419 109 781
RUSSELL@TOWERREALESTATE.COM.AU

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Property History for 8809 Princes Hwy, Panmure, VIC 3265

A timeline of how this property has performed in the market
Last Sold
$300,400
27 Aug 2009
  • 27 Aug 2009
    Sold for $300,400
  • 12 Sep 2008
    Listed for Sale FREEHOLD INVESTMENT $340,000

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About Panmure 3265

The size of Panmure is approximately 86.4 square kilometres. It has 1 park covering nearly 0.4% of total area. The population of Panmure in 2011 was 272 people. By 2016 the population was 405 showing a population growth of 48.9% in the area during that time. The predominant age group in Panmure is 50-59 years. Households in Panmure are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Panmure work in a managers occupation. In 2011, 73.1% of the homes in Panmure were owner-occupied compared with 76.7% in 2016.

Panmure has 271 properties. Over the last 5 years, Houses in Panmure have seen a 73.28% increase in median value. As at 30 November 2024:

  • The median value for Houses in Panmure is $607,886.
There are currently 10 properties listed for sale, and no properties listed for rent in Panmure on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Panmure.

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