177 River StreetBallina NSW 2478
Property Details for 177 River St, Ballina
Last Listing description (April 2014)
25 Year Lease Expiring 2036 Circa 9.5% Yield
Securely leased freehold hotel investment sale.
As new tilt up panel construction built in 2009.
Sale incl. Hoteliers Licence and 15 poker machine entitlements.
Hotel areas comprise central bar area, bistro, outdoor dining, verandah seating, conference/meeting areas, split gaming room and smoking area.
On site parking for 9 vehicles.
Net lease, tenant pays all outgoings as per lease.
Annual rent increases to greater of 3% or CPI (& market 5 yearly).
Net Income: $348,140 pa + GST.
Offers over $3,550,000 are invited (circa 9.5% net yield).
Deadline for Offers 3pm Thurs 3 April
Dean Venturato 0412 840 222
dventurato@burgessrawson.com.au
CO AGENT
John Parsons Hotels
Greg Haines 0407 623 199
greg@jphotels.com.au
Property History for 177 River St, Ballina, NSW 2478
- 01 Sep 2025Sold for $3,360,000
- 04 Mar 2014Listed for Sale Not Disclosed
- 01 May 2013Sold for $3,551,300
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About Ballina 2478
The size of Ballina is approximately 21.5 square kilometres. There are 21 parks, covering nearly 29.4% of the total area. The population of Ballina in 2016 was 8655 people. By 2021 the population was 9735 showing a population growth of 12.5% in the area during that time. The predominant age group in Ballina is 70-79 years. Households in Ballina are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ballina work in a professional occupation.In 2021, 53.20% of the homes in Ballina were owner-occupied compared with 51.30% in 2016.
Ballina has 6,958 properties. Over the last 5 years, Houses in Ballina have seen a 19.34% increase in median value, while Units have seen a 27.22% increase. As at 31 May 2026:
- The median value for Houses in Ballina is $1,006,478 while the median value for Units is $765,636.
- Houses have a median rent of $780 while Units have a median rent of $620.
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