13 Nicholson StreetPorepunkah VIC 3740
Property Details for 13 Nicholson St, Porepunkah
Last Listing description (March 2013)
Porepunkah Hotel - Near Bright - Leasehold
Situated in the delightful little village of Porepunkah only 7 minutes drive from the large tourist town of Bright. The Porepunkah Hotel is surrounded by 5 caravan parks and numerous other forms of accommodation which bring numerous tourists and locals to the Pub for a delicious meal or sparkling conversation in the bar. There is a bistro and commercial kitchen, with staff in place, 2 bars and outside seating, there are 12 motel style rooms and can sleep up to 26 people. Business is consistent with being a 4 season holiday location and is currently turning over in excess of $800,000. There is a 3 bedroom residence, 2 bathroom and large living area. The village itself is on the Ovens River and is a delightful spot for family picnics and as it is located on the rail trail ( bike track ) lots of visitors come to the park. The town is growing and this business offers somebody with drive, enthusiasm and motivation an opportunity to secure a business lifestyle second to none. Asking price $330,000 plus stock or best offer
Property History for 13 Nicholson St, Porepunkah, VIC 3740
- 29 Jan 2016Sold for $700,000
- 14 Mar 2013Listed for Sale $330,000 LEASEHOLD PLUS STOCK, OR BEST OFFER
- 28 Jan 2012Listed for Sale $330,000 PLUS SAV
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About Porepunkah 3740
The size of Porepunkah is approximately 71.9 square kilometres. It has 4 parks covering nearly 5.5% of total area. The population of Porepunkah in 2011 was 952 people. By 2016 the population was 954 showing a population growth of 0.2% in the area during that time. The predominant age group in Porepunkah is 60-69 years. Households in Porepunkah are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Porepunkah work in a managers occupation. In 2011, 77.1% of the homes in Porepunkah were owner-occupied compared with 71% in 2016.
Porepunkah has 654 properties. Over the last 5 years, Houses in Porepunkah have seen a 78.01% increase in median value, while Units have seen a 37.97% increase. As at 31 October 2024:
- The median value for Houses in Porepunkah is $1,069,630 while the median value for Units is $499,618.
- Houses have a median rent of $550.
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