111 Clive StreetKatanning WA 6317
Property Details for 111 Clive St, Katanning
Last Listing description (December 2023)
The Federal Hotel complex is up for sale after ownership of 28 years. situated on 4 titles, the first two titles contain the 3 story hotel & lounge complete with 35 accommodation rooms, a manager's 2 bedroom apartment, the main bar complete with an operating TAB and a large function room with an industrial kitchen leading to the dining area and beer garden. The third title contains a 4 unit ensuite motel and the fourth title has a detached drive-in bottle shop complete with cool and storerooms.
The hotel is central to the CBD and has more than required off-street car parking. The current owners have been operating the hotel for 28 years and intend on retiring. The business needs new energy that will increase its gross annual income of approximately over $1 million by promoting the accommodation and reopening the function room with live bands Thursday, Friday, Saturday nights and Sunday afternoons. The purchase price is being offered at less than the current owners paid 28 years ago.
Property History for 111 Clive St, Katanning, WA 6317
- 21 Oct 2023Sold for $430,000
- 25 Aug 2021Listed for Sale RECENT SALES
- 06 Jun 2018Listed for Sale $795,000 Plus Stock at Value
Commute Calculator
Recent sales nearby
See more recent sales nearby
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
0
About Katanning 6317
The size of Katanning is approximately 136.3 square kilometres. It has 21 parks covering nearly 1.8% of total area. The population of Katanning in 2011 was 4,182 people. By 2016 the population was 3,688 showing a population decline of 11.8% in the area during that time. The predominant age group in Katanning is 50-59 years. Households in Katanning are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Katanning work in a labourer occupation. In 2011, 61.7% of the homes in Katanning were owner-occupied compared with 60.2% in 2016.
Katanning has 2,287 properties. Over the last 5 years, Houses in Katanning have seen a 101.46% increase in median value, while Units have seen a 45.49% increase. As at 31 October 2024:
- The median value for Houses in Katanning is $264,583 while the median value for Units is $221,215.
- Houses have a median rent of $400 while Units have a median rent of $180.
Suburb Insights for Katanning 6317
Market Insights
Katanning Trends for Houses
N/A
N/A
View TrendN/A
N/A
Katanning Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
