67 Midland HighwayStanhope VIC 3623
Property Details for 67 Midland Hwy, Stanhope
Last Listing description (November 2023)
EXCLUSIVE TO MHB
Freehold with Vacant Possession - VIC Hotel Motel For Sale
* Urgent sale required due to vendor ill health.
Huge Development Potential Opportunity!
Just stock up and start trading. Everything is still in place and ready to go for the new owners!
Currently closed due to family reasons, this hotel motel would greatly benefit from a freshen-up and would be an ideal first-time property for energetic operators.
Key Features:
* Accommodation and VIC liquor license still current
* 6 x Motel Units (2 x currently active, 2 x under refurbishment)
* 165 Solar panels & 2 x 25 litre water tanks
* Large garage + 5 x car double carport
* Dining with seating for 100 plus, large commercial kitchen
* Beer garden with decking, large carpark
* Drive through bottle shop, large cool room
* Outdoor smoking area, closed back yard
* 2 x security systems
* 166 panel / 65 KW solar system on roof
* Situated upon approx. 3,610m2 of (TZ) Township Zoned land
During Covid and for family reasons, the hotel has operated on reduced hours and also many capital works have been undertaken across the property.
For Sale at $450K, this is well below replacement cost.
Contact Dan McDonald at MHB direct on 0437 838 368 to book an inspection on this property.
Property History for 67 Midland Hwy, Stanhope, VIC 3623
- 03 May 2024Sold for $300,000
- 10 Mar 2023Listed for Sale Freehold with Vacant Possession - $450,000
- 26 Feb 2019Sold for $400,000
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0About Stanhope 3623
The size of Stanhope is approximately 72.2 square kilometres. The population of Stanhope in 2011 was 915 people. By 2016 the population was 820 showing a population decline of 10.4% in the area during that time. The predominant age group in Stanhope is 50-59 years. Households in Stanhope are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Stanhope work in a managers occupation. In 2011, 78.2% of the homes in Stanhope were owner-occupied compared with 83% in 2016.
Stanhope has 499 properties. Over the last 5 years, Houses in Stanhope have seen a 142.17% increase in median value, while Units have seen a 99.11% increase. As at 31 August 2024:
- The median value for Houses in Stanhope is $351,120 while the median value for Units is $358,208.
- Houses have a median rent of $208.
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