2 Blackwood River DriveBalingup WA 6253
Property Details for 2 Blackwood River Dr, Balingup
Last Listing description (March 2021)
FPS Commercial Property is please to present for sale The Balingup Tavern and surrounding lots.
Primed to rise from the ashes quite literally, following a fire to the kitchen area in 2019, this tavern is beautifully located in a prime location in the South West tourist community of Balingup. The Balingup Tavern fronts the main Blackwood River Drive between the Towns of Balingup and Nannup and is a well known tourist drive.
The tavern consists of a 726 m2 building situated on a 3,103m2 corner lot and can be purchased as is or with the addition of further separate surrounding lots totaling 26,387m2 (2.6387 hectares).
The building is constructed from stunning local river stone. The electrical and plumbing services have been restored to the property however, the building requires some further restoration to some parts (including kitchen) in order to have the business back up and running again.
Balingup hosts the biggest Medieval Carnival in Australia, attracting over 10,000 people over two days. The Balingup Tavern is being offered as is, where is, (including business names, remaining furniture and equipment), ready for the next owner to reposition as they see fit, or potentially consider a more immediate redevelopment of the site.
Key investment considerations include:
Vacant Possession a true blank canvas
Large underlying land area of 26,387 m2
300 person liquor licence
Proven trader
Development potential (subject to Council approval).
Property Address and Total Land Area
a). Lot 201/2 Blackwood River Drive, Balingup 3,103 m2
b). Lot 202/6 Blackwood River Drive, Balingup 3,425 m2
c). Lot 21/53 Brockman Street, Balingup 18,919 m2 (1.8919 ha)
d). Lot 257 Brockman Street, Balingup 596 m2
e). Lot 23/86 Brockman Street, Balingup 344 m2
Total Area: 26,387 m2 (approx.)
Zoning: Zoned Tourism under Local Planning Scheme No. 7 (LPS7)
Property History for 2 Blackwood River Dr, Balingup, WA 6253
- 12 Feb 2021Sold for $438,900
- 16 Oct 2020Listed for Sale From $399,000
- 05 Jul 2017Listed for Rent - Price not available
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0About Balingup 6253
The size of Balingup is approximately 88.6 square kilometres. It has 3 parks covering nearly 17.3% of total area. The population of Balingup in 2011 was 560 people. By 2016 the population was 534 showing a population decline of 4.6% in the area during that time. The predominant age group in Balingup is 60-69 years. Households in Balingup are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Balingup work in a managers occupation. In 2011, 79% of the homes in Balingup were owner-occupied compared with 78.9% in 2016.
Balingup has 557 properties. Over the last 5 years, Houses in Balingup have seen a 76.38% increase in median value, while Units have seen a 427.99% increase. As at 30 September 2024:
- The median value for Houses in Balingup is $582,424 while the median value for Units is $254,786.
- Houses have a median rent of $320.
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