OFF MARKET

97 Lewis Street
Port Welshpool VIC 3965

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2001m2
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Property Details for 97 Lewis St, Port Welshpool

Building Type
Commercial
Year Built
1990
Land Size
2001m2
Local Government
South Gippsland
Lot/Plan
6~12/PP5652

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

A timeline of how this property has performed in the market
Last Transferred
01 Jan 2004
  • 13 May 2015
    Listed for Sale Not Disclosed
  • 01 Jan 2004
    Transferred

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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 348 properties. Over the last 5 years, Houses in Port Welshpool have seen a 64.30% increase in median value, while Units have seen a 1.86% increase. As at 30 September 2024:

  • The median value for Houses in Port Welshpool is $479,334 while the median value for Units is $533,711.
  • Houses have a median rent of $250.
There are currently 5 properties listed for sale, and no properties listed for rent in Port welshpool on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Port welshpool.

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