97 Lewis StreetPort Welshpool VIC 3965
Property Details for 97 Lewis St, Port Welshpool
Last Listing description (February 2016)
Waterfront hotel in a growing tourist destination on Victoria's south east coast, this substantial property is available for sale on behalf of receiver manager Korda Mentha.
The hotel is currently trading on minimum hours which enables the incoming operator to build the business and its value by implementing a few simple changes. The town has experienced a huge increase in the number of holiday homes been constructed and resided in over the past 5 years increasing the demand on local business.
The hotel was built in the 1990's and includes, Bistro, function room, bar area, beer garden, off street parking, commercial kitchen, lofted dining area, open fire place, office and a non operational drive thru bottle shop.
Property History for 97 Lewis St, Port Welshpool, VIC 3965
- 13 May 2015Listed for Sale Not Disclosed
- 01 Jan 2004Transferred
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About Port Welshpool 3965
The size of Port Welshpool is approximately 8.8 square kilometres. It has 1 park covering nearly 3.4% of total area. The population of Port Welshpool in 2011 was 181 people. By 2016 the population was 197 showing a population growth of 8.8% in the area during that time. The predominant age group in Port Welshpool is 70-79 years. Households in Port Welshpool are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Port Welshpool work in a labourer occupation. In 2011, 88.1% of the homes in Port Welshpool were owner-occupied compared with 87.2% in 2016.
Port Welshpool has 349 properties. Over the last 5 years, Houses in Port Welshpool have seen a 53.48% increase in median value, while Units have seen a 1.86% increase. As at 30 November 2024:
- The median value for Houses in Port Welshpool is $455,170 while the median value for Units is $399,404.
- Houses have a median rent of $250.
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