232-236 Kiewa Valley HighwayTawonga South VIC 3698
Property Details for 232-236 Kiewa Valley Hwy, Tawonga South
Last Listing description (February 2021)
Established in 1985, Settlers Tavern has been adored by locals and tourists alike for decades. Located in a prime position along the Kiewa Valley Highway, in the heart of bustling Tawonga South and en route to Falls Creek Ski Resort, the opportunities are endless!
This multi-faceted venue features:
- Huge bistro dining area seating up to 150 people
with stage, green room & DJ room equipped for hosting live music
- Separate front bar or additional/separate dining venue,
- Stein bar & function room at the rear perfect for functions & events
- Drive through bottle-shop
- Fenced playground area
- Separate conference room with own entry
The property has very stable tenancy history and a great return on investment.
Currently being operated as hotel, the property has endless potential for redevelopment or scope to operate a number of different businesses from the same convenient location.
The hotel operator has also listed the business for sale (see other listing for details) so this is a prime opportunity to purchase and negotiate new terms. Flexible options with the freehold & leasehold available - please contact agent to discuss.
Property History for 232-236 Kiewa Valley Hwy, Tawonga South, VIC 3698
- 20 Feb 2021Sold for $940,000
- 28 Sep 2020Listed for Sale SOLD - $940,000
- 01 May 1985Sold for $120,000
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About Tawonga South 3698
The size of Tawonga South is approximately 48.7 square kilometres. It has 3 parks covering nearly 85.7% of total area. The population of Tawonga South in 2011 was 837 people. By 2016 the population was 857 showing a population growth of 2.4% in the area during that time. The predominant age group in Tawonga South is 60-69 years. Households in Tawonga South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tawonga South work in a managers occupation. In 2011, 81.2% of the homes in Tawonga South were owner-occupied compared with 83.6% in 2016.
Tawonga South has 762 properties. Over the last 5 years, Houses in Tawonga South have seen a 85.61% increase in median value, while Units have seen a 60.54% increase. As at 31 October 2024:
- The median value for Houses in Tawonga South is $687,197 while the median value for Units is $565,778.
- Houses have a median rent of $450.
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