OFF MARKET

84 Midland Highway
Stanhope VIC 3623

Bedrooms: -
Bathrooms: 3
Car spaces: -
Land area: 978m2
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Property Details for 84 Midland Hwy, Stanhope

Building Type
Land
Land Size
978m2
Local Government
Campaspe
Lot/Plan
1/LP25941

Last Listing description (January 2016)

Midway between the burgeoning regional City of Greater Bendigo and the popular river Town of Echuca, Elmore's historic Shamrock Hotel has been a local landmark and community meeting place since 1865.
The freehold for this impressive hotel complex is on the market and presents a wonderful opportunity for a family business or an astute entrepreneur to breathe new life into a site with incredible potential.
Much of the hard work has been done by the current publican, with the front bar and dining room having had a full renovation less than a year ago.

It's a great venue for functions and events, such as conferences, weddings and twenty firsts, with the dining room able to be closed off from the public bar, a spacious beer garden and historic barn that can be used for private functions, and also a downstairs meeting/dining room with an open fireplace, ideal for private dinner parties, etc.
Renovations also included the spotless commercial kitchen with all infrastructure in place, as well as fully refurbished toilet facilities.
The potential of this venue continues upstairs with scope for up to eight private accommodation rooms and several bathrooms, or the possibility to create a lovely family home for live-in publicans.
There's also the iconic balcony with its timber floor, iron lacework, and commanding views of the streetscape and surrounding countryside. It would be perfect for guest dining and evening drinks.
It has special significance for the agent as his grandparents, Mr and Mrs Nott, ran the hotel from the late 1920's to the late 1940's and his mother grew up amid its high ceilings and grand rooms.
As the agents says, the upstairs would make perfect boutique B & B accommodation, and being on the route between Bendigo and the Murray River there's definitely no shortage of passing trade.
With excellent on-site parking and a bottle shop 'drive-thru' still in place, the Shamrock Hotel equals endless potential.

Property History for 84 Midland Hwy, Stanhope, VIC 3623

A timeline of how this property has performed in the market
Last Sold
$115,000
04 Jan 2005
  • 28 Nov 2014
    Listed for Sale $595,000
  • 04 Jan 2005
    Sold for $115,000
  • 01 Jan 2003
    Transferred

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About 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 502 properties. Over the last 5 years, Houses in Stanhope have seen a 111.77% increase in median value, while Units have seen a 29.05% increase. As at 31 October 2024:

  • The median value for Houses in Stanhope is $346,906 while the median value for Units is $303,157.
  • Houses have a median rent of $208.
There are currently 5 properties listed for sale, and no properties listed for rent in Stanhope on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Stanhope.

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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.