OFF MARKET

28 Peppercorn Way
Serpentine VIC 3517

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4000m2
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Property Details for 28 Peppercorn Way, Serpentine

Building Type
Commercial
Land Size
4000m2
Local Government
Loddon
Lot/Plan
2/LP124439

Last Listing description (September 2023)

Bendigo Ballarat Real Estate are pleased to offer for sale, a landmark with over 150 years of history. This Freehold of the Serpentine Hotel (Business is not for sale) & 4 bedroom Residence offers an outstanding opportunity in regional Victoria with a large parcel of land that can be further developed (STCA).

There is a secure lease already in place providing immediate returns. Don't miss this outstanding opportunity that offers potential for additional business with greater returns for savvy investors.

LOCATION

Only 50km from Bendigo, the hotel is a popular stop over for travellers between Melbourne, Mildura and Echuca
Only pub and restaurant facility in a 20km radius, in a peaceful countryside location
Strategic location at the intersection of 3 major highways with direct access from two major highways (Loddon Valley Highway and Echuca-Serpentine Highway)
Walking distance from Loddon Shire council office, public reserves, post office, and petrol station
Geographical center of Loddon Shire

HOTEL
Cement Brick hotel and bar which seats up to 75 people, with a brand new kitchen, interior, split systems, fans, range hood, beer chiller, flooring and more
Includes a cool room, beer lines, an office room, separate male and female toilets, covered back veranda, and an outdoor covered beer garden
Large street frontage of 100m along two highways, with convenient and ample parking
Landmark building in Serpentine, brightly lit up at night
Currently rented for $510/week, on a 3+5+5+5 basis, with 3% yearly increments

HOUSE
4 bedrooms, 2 toilets, 1 bathroom with tub and shower, kitchen, large living room, and an outhouse with electricity and plumbing connected
Private secure backyard with 2 sheds, 3 pet coops and a carport
An opportunity for finishing as preferred by the buyer
Potential returns of at least $400/week for private rental
Front of the house suitable for short-stay accommodation (e.g. AirBnB), of which there are none north of Bridgewater (20km away) towards Mildura and Echuca, which are very popular travel routes. Or as a retail outlet capitalising on foot traffic from the hotel

LAND
Additional about 3,000 sqm of land with Township zoning vacant, with 2 large gates facing Loddon Valley Highway

TH0206

Property History for 28 Peppercorn Way, Serpentine, VIC 3517

A timeline of how this property has performed in the market
Last Sold
$135,000
16 May 2017
  • 26 May 2023
    Listed for Sale $695,000 + GST (if Applicable)
  • 21 Oct 2022
    Listed for Sale $500,000 - $550,000
  • 16 May 2017
    Sold for $135,000
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About Serpentine 3517

The size of Serpentine is approximately 168 square kilometres. It has 5 parks covering nearly 0.7% of total area. The population of Serpentine in 2011 was 304 people. By 2016 the population was 175 showing a population decline of 42.4% in the area during that time. The predominant age group in Serpentine is 0-9 years. Households in Serpentine are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Serpentine work in a managers occupation. In 2011, 61.9% of the homes in Serpentine were owner-occupied compared with 67.2% in 2016..

Serpentine has 149 properties. Over the last 5 years, Houses in Serpentine have seen a 60.22% increase in median value. As at 30 November 2024:

  • The median value for Houses in Serpentine is $316,554 while the median value for Units is $173,255.
There are currently 1 property listed for sale, and no properties listed for rent in Serpentine on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Serpentine.

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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.