671 Young StreetAlbury NSW 2640
Property Details for 671 Young St, Albury
671 Young St, Albury is a bedroom, 10 bathroom House with 32 parking spaces. The property has a land size of 3133m2 and floor size of 1610m2. While the property is not currently for sale or for rent, it was last sold in February 2024.
Last Listing description (September 2018)
EXCLUSIVE TO CRE BROKERS
Outstanding NSW Freehold Motel For Sale
Albury city central location. Fantastic 28 room Freehold Motel demonstrates excellent trading results across recent financial years after significant recent room refurbishment across 80% of the property.
The Motel offers a diverse range of room configurations and also features a conference/dining area with a fully licensed bar, commercial kitchen and a 3 bedroom, 2 bathroom residence. Restaurant space, not currently trading, but scope to sub-lease and / or owner operate.
The building is of solid brick construction with designated parking to all rooms. The exterior of the Motel is very well kept with attractive gardens.
Situated in a very strong tourist and corporate town this motel still has plenty of opportunity to increase profits without spending a lot of money.
* Priced to sell with 16% Buyers Yield
* Compact and easy to manage and maintain
* Strong corporate & leisure trade
* Newly installed 20KW Solar Panels
A rejuvenated Albury Burvale Motor Inn is priced to meet the market against annual returns.
Book your inspection now with Dan McDonald from CRE Brokers the Exclusive agents.
Property History for 671 Young St, Albury, NSW 2640
- 08 Feb 2024Sold for $2,615,000
- 25 Jun 2018Listed for Sale FHGC - $2,580,000
- 11 Mar 2016Listed for Sale Not Disclosed
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About Albury 2640
The size of Albury is approximately 5.7 square kilometres. There are 17 parks, covering nearly 30.8% of the total area. The population of Albury in 2016 was 4804 people. By 2021 the population was 4955 showing a population growth of 3.1% in the area during that time. The predominant age group in Albury is 60-69 years. Households in Albury are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albury work in a professional occupation.In 2021, 58.50% of the homes in Albury were owner-occupied compared with 59.10% in 2016.
Albury has 4,077 properties. Over the last 5 years, Houses in Albury have seen a 53.95% increase in median value, while Units have seen a 31.14% increase. As at 30 June 2026:
- The median value for Houses in Albury is $831,040 while the median value for Units is $456,390.
- Houses have a median rent of $558 while Units have a median rent of $450.
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