54 Kiewa East RoadTangambalanga VIC 3691
Property Details for 54 Kiewa East Rd, Tangambalanga
Last Listing description (September 2023)
EXCLUSIVE TO MHB
A Ripper VIC Country Pub!
Popular country hotel set within the charming Victorian township of Tangambalanga, known locally as Kiewa-Tangam, nestled within the picturesque surroundings of the stunning Kiewa Valley.
Perfectly located on the main street of town, the Union Hotel is well supported by loyal locals, sporting clubs and passing visitors and tourists alike.
Offering many features including a public bar, bistro, large dining area, function space, lounge, undercover outdoor area / beer garden, plenty of off-street parking, 3 x lettable hotel style accommodation rooms plus a spacious 3 x bedroom family residence.
Situated within close proximity of Lake Hume and just a short 15 minute drive to the major regional twin cities of Albury / Wodonga and with ongoing housing developments in the Kiewa-Tangam locale, this is an excellent business opportunity not to be missed!
Key Features:
* Excellent 63.6% (approx.) Buyers Yield
* One hotel township in booming growth corridor close to Albury/Wodonga
* Secure 13 x year lease remaining currently (1 + 1 x 6 + 1 x 6)
* Excellent refurbishment across the venue with quality plant & equipment
* Relaxing outdoor undercover beer garden
* Community village heartbeat with strong local support
* Multiple income streams across bar, food and accommodation
* 62 x Solar Panels installed significantly reducing electricity costs
* Picturesque village setting
* Strong turnover with over approx. $768K across the 2022/2023 financial year
A terrific lifestyle or tree-change opportunity for the enthusiastic hotelier awaits. A must to inspect.
Contact Dan McDonald at MHB direct on 0437 838 368 to discuss and book your inspection.
Property History for 54 Kiewa East Rd, Tangambalanga, VIC 3691
- 11 May 2023Listed for Sale Leasehold $195,000
- 26 Nov 2022Sold for $705,000
- 25 Oct 2022Listed for Sale AUCTION
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About Tangambalanga 3691
The size of Tangambalanga is approximately 30.7 square kilometres. The population of Tangambalanga in 2011 was 449 people. By 2016 the population was 533 showing a population growth of 18.7% in the area during that time. The predominant age group in Tangambalanga is 0-9 years. Households in Tangambalanga are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tangambalanga work in a professional occupation. In 2011, 85.2% of the homes in Tangambalanga were owner-occupied compared with 78% in 2016.
Tangambalanga has 633 properties. Over the last 5 years, Houses in Tangambalanga have seen a 121.78% increase in median value. As at 30 September 2024:
- The median value for Houses in Tangambalanga is $665,301 while the median value for Units is $355,048.
- Houses have a median rent of $573.
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