This is an outstanding opportunity to secure this charming regional hotel.
The Wheatsheaf Hotel sits on a large corner block of over 2000 m2 in the heart of Terang which is located just 30km from the major regional city of Warrnambool.
This double storey rendered brick hotel boasts a comfortable public bar, very well patronised bistro, separate function area with its own bar facilities, large commercial kitchen, great north facing beer garden and the only drive through bottle shop in town.
The size of Terang is approximately 119.2 square kilometres. It has 4 parks covering nearly 0.5% of total area. The population of Terang in 2011 was 2,348 people. By 2016 the population was 2,281 showing a population decline of 2.9% in the area during that time. The predominant age group in Terang is 50-59 years. Households in Terang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Terang work in a managers occupation. In 2011, 71.2% of the homes in Terang were owner-occupied compared with 72.6% in 2016.
Terang has 1,345 properties.
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.