***BUSINESS FOR SALE*** Well established and viable business in the busy mining town of Southern Cross. This leasehold property is a great buying opportunity for a hard working couple or alternatively two couples. Strong financials and excellent client base with more mining projects on the horizon for local area.
28 x Accommodation Rooms - all ensuited including 2 x family rooms (sleeps 5), 4 x Double rooms, 22 x Twin rooms. Brick and tile 3 x 2 Managers residence. Additional rear Dongas and ablution block currently only used for extra staff and storage. Commercial kitchen and licensed dining area. Loads of space for clients parking and room for trucks if needed.
Contact exclusive selling agents Elders Real Estate, phone Will Morris 0448 415 537 for a confidential discussion.
The size of Southern Cross is approximately 555.2 square kilometres. It has 8 parks covering nearly 2% of total area. The population of Southern Cross in 2011 was 842 people. By 2016 the population was 680 showing a population decline of 19.2% in the area during that time. The predominant age group in Southern Cross is 50-59 years. Households in Southern Cross are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Southern Cross work in a trades occupation. In 2011, 56.9% of the homes in Southern Cross were owner-occupied compared with 60.1% in 2016.
Southern Cross has 830 properties. Over the last 5 years, Houses in Southern Cross have seen a 70.74% increase in median value, while Units have seen a 49.69% increase. As at 31 October 2024:
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