123 Dandaloo StreetNarromine NSW 2821
Property Details for 123 Dandaloo St, Narromine
Last Listing description (December 2020)
The Royal Hotel is a charming country pub located in Narromine, a short minute drive from the busy regional city of Dubbo, NSW.
Well supported by locals, passing holiday makers and tourists, this is a fantastic and affordable opportunity to enter the tightly held passive investment market.
The Hotel is set upon 2,750m2* of combined land over two land parcels.
- Excellent return on investment of 8%
- Good location on Narromine's main street
- Strong rural tourist area close to the city of Dubbo
- Lease in place until August 2029 with 2x5 year option periods
- Great tenant in place
- Potential to expand the current business
- An affordable freehold opportunity for the savvy investor
Contact Richard Tegart for an appointment to inspect today!
*approx. Outlines indicative only
Property History for 123 Dandaloo St, Narromine, NSW 2821
- 29 Jul 2022Sold for $500,000
- 21 Dec 2020Sold for $492,500
- 26 Aug 2020Listed for Sale $520,000
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About Narromine 2821
The size of Narromine is approximately 1920.8 square kilometres. It has 13 parks covering nearly 0.3% of total area. The population of Narromine in 2016 was 4689 people. By 2021 the population was 4608 showing a population decline of 1.7% in the area during that time. The predominant age group in Narromine is 10-19 years. Households in Narromine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Narromine work in a managers occupation.In 2021, 71.60% of the homes in Narromine were owner-occupied compared with 67.80% in 2016.
Narromine has 2,752 properties. Over the last 5 years, Houses in Narromine have seen a 99.14% increase in median value, while Units have seen a 30.05% increase. As at 31 March 2026:
- The median value for Houses in Narromine is $454,579 while the median value for Units is $420,245.
- Houses have a median rent of $460 while Units have a median rent of $320.
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