3 Foley StreetTerang VIC 3264
Property Details for 3 Foley St, Terang
3 Foley St, Terang is a 3 bedroom, 20 bathroom Unit. The property has a land size of 17600m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom Unit sold in Terang in the last 12 months.
Last Listing description (December 2023)
MULTI USE POTENTIAL SITE
The May Noonan Hostel served the Terang and wider community as an aged care facility for many years until it ceased recently. The facility is now available for sale and will be transformed for an alternative use. This facility has great potential for purposes such as worker or backpacker accommodation, school camps, or tourism/ hospitality businesses.
Comprising 40 single accommodation rooms, 32 with shared dual bathroom facilities and eight with ensuite bathrooms. It features a well-equipped commercial kitchen, commercial laundry, a large dining area and several lounges plus numerous office and utility rooms. All services are connected and the facility is well appointed with extensive heating/ cooling throughout and security systems.
The hostel features a very attractive rural setting, with a lovely vista across farm land to the township of Terang. Situated 40 minutes from Warrnambool, 35 minutes from Great Ocean Road and 2.5 hours from Melbourne.
FOR SALE BY EXPRESSION OF INTEREST: closing on Wednesday, 18th October at 1pm.
Property History for 3 Foley St, Terang, VIC 3264
- 14 Nov 2023Sold for $1,485,000
- 30 Aug 2023Listed for Sale EOI closing Wed 18th Oct at 1pm
- 01 Oct 2018Sold for $2,200,000
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About Terang 3264
The size of Terang is approximately 119.2 square kilometres. It has 4 parks covering nearly 0.5% of total area. The population of Terang in 2011 was 2,348 people. By 2016 the population was 2,281 showing a population decline of 2.9% in the area during that time. The predominant age group in Terang is 50-59 years. Households in Terang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Terang work in a managers occupation. In 2011, 71.2% of the homes in Terang were owner-occupied compared with 72.6% in 2016.
Terang has 1,349 properties.
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