24 George StreetHeyfield VIC 3858
Property Details for 24 George St, Heyfield
Last Listing description (July 2016)
THE RAILWAY HOTEL SITS PROMINENTLY ON THE CORNER OF GEORGE AND PEARSON STREETS IN HEYFIELD - SOME 206 KILOMETRES EAST OF MELBOURNE. THE CHARACTER FILLED PUB FEATURES A CLASSIC CORNER PUBLIC BAR AND A LARGE FAMILY BISTRO WITH AMPLE FUNCTION SPACE, COMMERCIAL KITCHEN AND KIDS PLAY AREA. SITUATED AT THE REAR OF THE PROPERTY ARE NINE RECENTLY CONSTRUCTED MOTEL UNITS, AN OPERATOR S RESIDENCE AND HOTEL CAR PARK. THE PROPERTY IS APPROXIMATELY 1,812SQM IN SIZE AND IS ZONED COMMERCIAL 1 (C1Z). WHILE OFFERED FOR SALE WITH VACANT POSSESSION, THE HOTEL HAS A CURRENT GENERAL LIQUOR LICENCE (1AM) AND IS READY TO TRADE. THE PROPERTY OWNER OFFERS A BRAND NEW LEASE TO AN APPROVED TENANT.FEATURES:- AMPLE PARKING AND STORAGE.- NINE RECENTLY CONSTRUCTED MOTEL SUITES.- OPERATOR'S RESIDENCE.- PUBLIC BAR AND LARGE FAMILY BISTRO.
Property History for 24 George St, Heyfield, VIC 3858
- 02 Apr 2024Sold for $1,790,000
- 14 Jul 2016Sold for $1,122,000
- 08 Jul 2016Listed for Sale Not Disclosed
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About Heyfield 3858
The size of Heyfield is approximately 75.7 square kilometres. It has 9 parks covering nearly 9.6% of total area. The population of Heyfield in 2016 was 1993 people. By 2021 the population was 2050 showing a population growth of 2.9% in the area during that time. The predominant age group in Heyfield is 10-19 years. Households in Heyfield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Heyfield work in a labourer occupation.In 2021, 76.60% of the homes in Heyfield were owner-occupied compared with 74.40% in 2016.
Heyfield has 1,423 properties. Over the last 5 years, Houses in Heyfield have seen a 66.46% increase in median value, while Units have seen a 34.18% increase. As at 31 March 2026:
- The median value for Houses in Heyfield is $462,094 while the median value for Units is $344,525.
- Houses have a median rent of $410.
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