SOLD
Sold on 29 Apr 2024 for $1,900,000

1983 Porongurup Road
Porongurup WA 6324

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 124907m2
Sold By
Mason Realty
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Property Details for 1983 Porongurup Rd, Porongurup

1983 Porongurup Rd, Porongurup is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1920. The property has a land size of 124907m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom Unit sold in Porongurup in the last 12 months.

Building Type
Unit
Year Built
1920
Land Size
124907m2
Local Government
Plantagenet
Lot/Plan
11/D076661

Last Listing description (September 2024)

Offering the opportunity to purchase a 32 acre retreat at the foot of the Porongurup Range with many buildings and even more potential!

Historic Karribank is nestled on the doorstep of the Porongurup National Park and provides accommodation, along with the "Karri On Bar". Its located 40kms north of Albany and 22kms East of Mount Barker. Karribank is the oldest continuously run guest establishment in Western Australia.

The original dining hall, now the "Karri on Bar" tavern, is the first building you see as you enter the property. This houses the tavern, restaurant, lounge areas, commercial kitchen, a small board room and private owners' dwelling of up to 3 bedrooms.

A separate function room can hold 100 guests seated - ideal for weddings, meetings and celebrations. It features views out to the ranges, commercial kitchen, and amenities to service the guests.

Karribank currently offers 10 family chalets, 4 historic cottages and 5 ensuite rooms as holiday accommodation. There is also a renovated 3-bedroom managers' residence. In addition, there is a block of 7 dormitory rooms (not currently utilised).

Numerous other buildings are on site that could be turned into any number of uses, including housing other complementary businesses i.e. chocolate shop, honey producer shop, art gallery, food or wine co-op. There are also several historic cottages that have not yet been renovated but could add to the accommodation offering or be repurposed.

Whatever your plans might be for this historical gem; tree change with income, larger scale hospitality and accommodation venture, workforce accommodation or potential redevelopment, this is a unique location to fulfill your ambitions. It is in close proximity to wineries, hiking in the ranges - including the magnificent Granite Skywalk at Castle Rock and not too far away from the Stirling Ranges with the well-known Bluff Knoll.

Features include:
- 32 acres zoned rural
- Historic lodge and cottages dating back to the early 1900's
- Existing food, beverage, and accommodation business
- 21 accommodation units currently available for guests, owners and managers
- 7 dormitories suitable for backpacker/ worker accommodation
- Numerous other cottages ripe for renovation
- Workshops and sheds
- Scheme and bore water, dam and winter creek
- 10kw solar system and 70kw backup generator
- Huge potential to expand business - micro brewery, expand bar and restaurant, weddings, markets, concerts, festivals, etc
- Redevelopment under the Porongurup Rural Village Structure Plan - potential for blocks of 400m2 - 1,000m2

Karribank is a special property and represents an enormous opportunity for prospective buyers. The current owners have invested a huge amount of time, money, and passion into the property over more than 25 years. It is now time for Karribank to enter a new phase under new ownership.

We invite you to register your interest. For further information, please contact Rob Mason on 0411 615 806. Viewing by appointment only and following a conversation with the agent.

Property History for 1983 Porongurup Rd, Porongurup, WA 6324

A timeline of how this property has performed in the market
Last Sold
$1,900,000
29 Apr 2024
  • 29 Apr 2024
    Sold for $1,900,000
  • 01 Feb 2024
    Listed for Sale Buyers Around $2.5million
  • 07 Jul 2022
    Listed for Sale $2,500,000
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About Porongurup 6324

The size of Porongurup is approximately 212.2 square kilometres. It has 1 park covering nearly 12.7% of total area. The population of Porongurup in 2011 was 260 people. By 2016 the population was 297 showing a population growth of 14.2% in the area during that time. The predominant age group in Porongurup is 40-49 years. Households in Porongurup are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Porongurup work in a managers occupation. In 2011, 78.7% of the homes in Porongurup were owner-occupied compared with 79% in 2016..

Porongurup has 335 properties. Over the last 5 years, Houses in Porongurup have seen a 101.83% increase in median value. As at 30 November 2024:

  • The median value for Houses in Porongurup is $653,424 while the median value for Units is $825,711.
There are currently 5 properties listed for sale, and no properties listed for rent in Porongurup on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Porongurup.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.