OFF MARKET

42 Bank Street
Port Fairy VIC 3284

Bedrooms: 4
Bathrooms: 3
Car spaces: -
Land area: 1535m2
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Property Details for 42 Bank St, Port Fairy

42 Bank St, Port Fairy is a 4 bedroom, 3 bathroom House and was built in 2007. The property has a land size of 1535m2. While the property is not currently for sale or for rent, it was last sold in March 2018.

Building Type
House
Year Built
2007
Land Size
1535m2
Local Government
Moyne
Lot/Plan
1/PS543657

Last Listing description (April 2024)

Robertson Port Fairy is exclusively retained to offer For Sale The Victoria Hotel Port Fairy.
This is a rare opportunity to acquire a significant Freehold commercial premises, in the heart of the thriving seaside township of Port Fairy.
The iconic town of Port Fairy attracts thousands of visitors yearly, not only because of its stunning natural landscape and charm filled historic architecture, but it is also host to renown festivals, including the world famous Folk Festival.

Port Fairys popularity is recognised through many awards including 2012s LivCom Most Liveable Community (population under 20,000), 2019s Wotif Best Tourist Town Award and the VTIC Victorias Top Tourism Small Town Award 2021 & 2022, which resulted in Port Fairys induction into the Hall of Fame.
Offered with vacant possession, The Victoria Hotel is a magnificent large holding, occupying a prominent corner allotment of 1,535 m2 (approximately) taking full advantage of wide street frontages on both Bank Street and James Street. The impressive proportions offer a variety of options ranging from an owner occupier to become part of the vibrant hospitality scene, or developers wishing to refurbish the site for residential or commercial development (STCA).
This landmark property also includes an extensive list of plant and equipment, which offers a future owner endless scope to utilise the multiple, separate spaces within the complex.
Constructed in 1874, The Victoria Hotel is a substantial two storey building which includes the adjoining heritage Drill Hall.
Combined, this substantial complex includes:
Main Bar with adjoining games room
Expansive Bistro Bar and restaurant
Family dining room and bar, with enclosed childrens playroom
Private and sheltered beer garden
The Drill Hall providing large function/conference space
Spacious 4 bedroom, 2 bathroom residence, plus staff facilities and office space
Large cellar
Extensive list of Plant and Equipment
High exposure corner site of 1,535m2
The Vendor has available for viewing, concept plans for a residential apartment development

The Victoria Hotel is offered For Sale by Expressions of Interest.

For further details, including inspection arrangements please contact Di MacKirdy 0400 625 501 or Rachel Ross 0429 197 196.

Property History for 42 Bank St, Port Fairy, VIC 3284

A timeline of how this property has performed in the market
Last Sold
$1,950,000
22 Mar 2018
  • 11 Jul 2023
    Listed for Sale Contact Agent
  • 22 Mar 2018
    Sold for $1,950,000
  • 21 Dec 2012
    Sold for $1,850,000
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About Port Fairy 3284

The size of Port Fairy is approximately 115.1 square kilometres. It has 14 parks covering nearly 1.6% of total area. The population of Port Fairy in 2011 was 3,092 people. By 2016 the population was 3,328 showing a population growth of 7.6% in the area during that time. The predominant age group in Port Fairy is 60-69 years. Households in Port Fairy are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Fairy work in a professional occupation. In 2011, 72.5% of the homes in Port Fairy were owner-occupied compared with 72.1% in 2016.

Port Fairy has 2,848 properties. Over the last 5 years, Houses in Port Fairy have seen a 55.42% increase in median value, while Units have seen a 3.46% increase. As at 31 October 2024:

  • The median value for Houses in Port Fairy is $907,849 while the median value for Units is $422,620.
  • Houses have a median rent of $480 while Units have a median rent of $463.
There are currently 29 properties listed for sale, and 1 property listed for rent in Port fairy on OnTheHouse. According to CoreLogic's data, 49 properties were sold in the past 12 months in Port fairy.

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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.