OFF MARKET

125 Olivia Terrace
South Carnarvon WA 6701

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 6103m2
Land area: 4484m2
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Property Details for 125 Olivia Tce, South Carnarvon

Building Type
Commercial
Year Built
1913
Floor Size
6103m2
Land Size
4484m2
Local Government
Carnarvon
Lot/Plan
1/D042487

Last Listing description (September 2017)

HISTORIC COASTAL HOTEL

CBRE Hotels on behalf of Receivers and Managers ('Receivers') of Gascoyne Management Services Pty Ltd (Receivers and Managers Appointed) ('Seller') is pleased to present for sale The Carnarvon Hotel, Carnarvon, WA.


Developed over two lots, with a total land area of approximately 6,103sqm*, the Hotel with 27 accommodation rooms is being sold by the Offers to Purchase process as a Walk in Walk Out, Going Concern interest, plus stock.

Highlights of the property include:
- Excellent location at the intersection of Olivia Terrace and Baston Street overlooking the Gascoyne River inlet known as "The Fascine"
- Approx. 200 metres from the main commercial / retail precinct of Carnarvon
- Large land area of over 6,000sqm*
- Single level hotel which has been a focal point of Carnarvon since 1913
- A population of over 10,000* persons in the Gascoyne Region and Carnarvon being the administrative centre of the region. *Source: Government of WA
- Includes 27 rooms as well as main bar, TAB, pool room, bistro and bistro bar

We believe the timing is ideal to acquire and grow this fantastic hotel and accommodation business, which could ultimately become one of the town's best performing premises for a new owner.

Under instructions from RSM Australia Partners as the Receivers and Managers appointed, Offers to Purchase close Friday 12th February 2016 at 2pm (if not sold prior) at the offices of CBRE Perth unless sold prior.

*approx

Property History for 125 Olivia Tce, South Carnarvon, WA 6701

A timeline of how this property has performed in the market
Last Sold
$800,000
12 Apr 2016
  • 12 Apr 2016
    Sold for $800,000
  • 07 Dec 2015
    Listed for Sale Not Disclosed
  • 11 Nov 2015
    Listed for Sale ALL OFFERS ACCEPTED
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About South Carnarvon 6701

The size of South Carnarvon is approximately 2.1 square kilometres. It has 2 parks covering nearly 0.7% of total area. The population of South Carnarvon in 2011 was 1,037 people. By 2016 the population was 970 showing a population decline of 6.5% in the area during that time. The predominant age group in South Carnarvon is 50-59 years. Households in South Carnarvon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Carnarvon work in a clerical occupation. In 2011, 56.6% of the homes in South Carnarvon were owner-occupied compared with 55.8% in 2016.

South Carnarvon has 473 properties. Over the last 5 years, Houses in South Carnarvon have seen a 60.16% increase in median value, while Units have seen a -32.64% decrease. As at 31 October 2024:

  • The median value for Houses in South Carnarvon is $262,828 while the median value for Units is $173,573.
  • Houses have a median rent of $350.
There are currently 3 properties listed for sale, and no properties listed for rent in South carnarvon on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in South carnarvon.

Suburb Insights for South Carnarvon 6701

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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.