172 Beryl StreetBroken Hill NSW 2880
Property Details for 172 Beryl St, Broken Hill
Last Listing description (November 2023)
The property is no longer trading and is being placed on the market to sell as vacant possession. The total area of the allotments is 3,083 sqm and sits on three individual titles (freehold). In the hey day the property was trading as a hotel and motel operation with commercial kitchen and dining facilities. All existing motel units/ kitchen/ dining rooms/ hotel are all inclusive. The property requires capital works to bring the assets back up to a commercial operation. Pls note there is no liquor license attached to the sale.
There is an abundance of potential with this property and would ideally suit a commercial operator to house employees or maybe a government agency to house clients.
The decor and building is very much in its original condition and even has a bit of quirkiness too it in the main bar/ lounge areas.
A total of 30 motel units with ensuites are available once renovated. Assorted sheds, garages, vacant land and further building infrastructures are all inclusive.
Council rates are approx $17k per annual, water rates approx $4k per annual plus water usage.
The asset has so many diverse usages stca. An inspection will give you a full picture.
Please consult your accountant if GST is applicable on sale price.
Agents Note:
1. It is highly recommended that all purchasers have pre-approved finance before booking inspections. This is a requirement for all inspections.
2. All offers are to be in writing with the terms and conditions of the offer.
3. All properties will stay on the market and all offers will be presented to vendors right up until an exchange of contract.
4. The agent is obliged to submit all offers to a vendor even though there might be an offer and acceptance between buyer and seller. This is known as guzumping and it is legal in NSW.
5. It is the responsibility of the purchaser to efficiently exchange a contract of sale, otherwise guzumping can occur.
Gazumping
Gazumping occurs when you have a verbal agreement with an agent or seller to buy a property at an agreed price but the property is not sold to you in the end. This usually happens when the vendor (the person selling the property) has decided to sell the property to someone else, usually for a higher amount or better sale conditions. The agent is legally obliged to pass on to the vendor any further offers received for the property up until the exchange of contracts.
If you are gazumped, neither the agent nor the vendor is obliged to compensate you for any money you may have spent on legal advice, inspection reports, finance application costs or inquiries.
In NSW, a property sale is generally only binding on the vendor and buyer when contracts are exchanged between the two parties. Exchange occurs when the vendor signs their copy of the sale contract; the purchaser signs their copy, and the two parties exchange' their signed contracts. It is usual at this time for the purchaser to pay a deposit, usually 10% of the purchase price.
https://www.fairtrading.nsw.gov.au/housing-and-property/buying-and-selling-property/buying-a-property/gazumping
Property History for 172 Beryl St, Broken Hill, NSW 2880
- 15 Dec 2022Sold for $700,000
- 16 Apr 2020Listed for Sale $850,000
- 14 Jan 2020Listed for Sale $850,000
Recent sales nearby
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0About Broken Hill 2880
The size of Broken Hill is approximately 13004.9 square kilometres. It has 43 parks covering nearly 2.2% of total area. The population of Broken Hill in 2016 was 17814 people. By 2021 the population was 17706 showing a population decline of 0.6% in the area during that time. The predominant age group in Broken Hill is 60-69 years. Households in Broken Hill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broken Hill work in a professional occupation.In 2021, 72.20% of the homes in Broken Hill were owner-occupied compared with 71.90% in 2016.
Broken Hill has 11,320 properties. Over the last 5 years, Houses in Broken Hill have seen a 96.42% increase in median value, while Units have seen a 64.76% increase. As at 31 December 2025:
- The median value for Houses in Broken Hill is $206,420 while the median value for Units is $167,489.
- Houses have a median rent of $360 while Units have a median rent of $240.
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