74-76 Towong RoadCorryong VIC 3707
Property Details for 74-76 Towong Rd, Corryong
Last Listing description (November 2023)
EXCLUSIVE TO MHB
Beautifully presented leasehold motel situated within spectacular scenery at the base of the Snowy Mountains in the High Country of north-east Victoria.
This charming motel features 18 x suites including queen, twin and family accommodation options, ample guest parking, laundry facilities, BBQ area and a 50 x seat breakfast room, perfect for outsourcing to functions, meetings or hosting bike groups etc.
A spacious 3 x bedroom family residence and in-ground salt-water swimming pool with amazing mountain views completes the package all within a short stroll to the vibrant town centre.
Corryong is undoubtedly the jewelled centrepiece of the magnificent region known as the Upper Murray. It is within close proximity to the pristine headwaters of the mighty Murray River and gateway to the NSW Snowy Mountains and Kosciuszko National Park making the township famed for its picturesque scenery and unspoiled natural beauty.
Industries in the area include agriculture, forestry and electricity generation (Snowy Hydro). The town itself services these industries and offers visitors a great variety of shopping, accommodation, eateries, self-drive tours and recreational sporting facilities.
Corryong is also home to the legendary "Man from Snowy River" and Elyne Mitchell's Silver Brumby. The area is a popular destination for rock climbing, rafting, horse riding, bushwalks, 4WD tours, cycling and fishing. And, with the proposed Corryong Circuit Trail project underway, this will create a shared walking and cycling trail which will provide valuable recreation opportunities for the community and visitors to the area.
Key Features:
* Brand new 25 x year lease direct from the owner
* Rent approx. 20.9% of turnover
* Profitable business with an excellent 40.4% (approx.) Buyers Yield
* 18 rooms with excellent repeat trade from corporate clients and tourists
* Magnificent views over the Snowy Mountains
* Well known area for Murray River fishing, wildlife scenery, tracks and trails
* 5 minute walk to main street of town
* Great local pub and community
* VIC Liquor Licence
* Iconic Snowy Mountain Hydro Electric Scheme power stations M1 & M2
The perfect place to work, relax and explore the beautiful upper Murray.
An inspection of this super business opportunity is highly recommended.
Contact Dan McDonald at MHB direct on 0437 838 368 for more information.
Property History for 74-76 Towong Rd, Corryong, VIC 3707
- 10 May 2024Sold for $1,267,000
- 10 Mar 2023Sold for $1,200,000
- 02 Jul 2019Listed for Sale Not Disclosed
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0About Corryong 3707
The size of Corryong is approximately 69.2 square kilometres. It has 6 parks covering nearly 26.8% of total area. The population of Corryong in 2016 was 1348 people. By 2021 the population was 1352 showing a population growth of 0.3% in the area during that time. The predominant age group in Corryong is 60-69 years. Households in Corryong are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corryong work in a managers occupation.In 2021, 72.10% of the homes in Corryong were owner-occupied compared with 64.10% in 2016.
Corryong has 982 properties. Over the last 5 years, Houses in Corryong have seen a 93.62% increase in median value, while Units have seen a 50.21% increase. As at 31 January 2026:
- The median value for Houses in Corryong is $398,996 while the median value for Units is $346,903.
- Houses have a median rent of $238.
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