SOLD
Sold on 22 Feb 2024 for $270,000

38 Federation Street
Patchewollock VIC 3491

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1550m2
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Property Details for 38 Federation St, Patchewollock

Building Type
Commercial
Land Size
1550m2
Local Government
Yarriambiack
Lot/Plan
11~2/LP10430

Last Listing description (March 2024)

Premier Sales Estate Agent Brett Driscoll at Ray White Mildura is proud to present for sale the freehold of the Patchewollock Hotel. Charming and inviting accommodation located in the heart of Patchewollock, Victoria. The hotel is nestled among the beautiful rolling hills and wide open spaces of the Mallee region, making it the perfect getaway for those looking to escape the hustle and bustle of city life.

The Patchewollock Hotel is spread across 3/4 acre. The hotel is currently leased to a successful operator, so as the new owner, you'll have the opportunity to take over as landlord to a business with a proven track record. With more than 4 years left on the lease, with the option for another five years.

The Patchewollock Hotel, affectionately known to locals as the 'Patche Pub', the town is well known for hosting several large annual events, including thethe Patchewollock Music Festival.

Built in the early 1900s, this charming property has been lovingly maintained over the years. The hotel itself is a beautifully preserved piece of Victorian architecture, with a charming facade that beckons guests to come and relax.

Inside, the hotel boasts a range of 7 comfortable and stylish rooms, all of which are equipped with modern amenities to ensure a comfortable and enjoyable stay. Guests can choose from a range of room types, including standard rooms, deluxe rooms, and suites, each of which is tastefully decorated and furnished. The block next door can also host up to 10 caravans on separate powered sites.

In addition to the guest rooms, the Patchewollock Hotel also offers a range of other facilities and services to ensure that guests have everything they need during their stay. These include a restaurant and bar, where guests can enjoy a delicious meal or a refreshing drink, along with a beer garden, where guests can relax and unwind after a day of exploring the local area.

Overall, the Patchewollock Hotel is a truly special place that offers guests a warm and welcoming atmosphere, comfortable and stylish accommodation, within easy reach of local attractions and activities, and has a strong customer base.

The sale also includes 23 Currawa Street, Patchewollock: a vacant 1,026m2 (1/4 acre) parcel of land to utilise as you please.

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Property History for 38 Federation St, Patchewollock, VIC 3491

A timeline of how this property has performed in the market
Last Sold
$270,000
22 Feb 2024
  • 22 Feb 2024
    Sold for $270,000
  • 12 Jan 2023
    Listed for Sale $295,000 - $324,500

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About Patchewollock 3491

The size of Patchewollock is approximately 1,144.2 square kilometres. It has 12 parks covering nearly 52.9% of total area. The population of Patchewollock in 2011 was 432 people. By 2016 the population was 119 showing a population decline of 72.5% in the area during that time. The predominant age group in Patchewollock is 50-59 years. Households in Patchewollock are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Patchewollock work in a managers occupation. In 2011, 81.9% of the homes in Patchewollock were owner-occupied compared with 72.8% in 2016..

Patchewollock has 193 properties. Over the last 5 years, Houses in Patchewollock have seen a 267.53% increase in median value. As at 31 August 2024:

  • The median value for Houses in Patchewollock is $97,855 while the median value for Units is $236,988.
There are currently 1 property listed for sale, and no properties listed for rent in Patchewollock on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Patchewollock.

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Brett Driscoll
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Ray White Mildura
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