387 Commercial RoadYarram VIC 3971
Property Details for 387 Commercial Rd, Yarram
Last Listing description (November 2019)
A very rare opportunity to purchase an established motel and family residence. The motel has been operated by the owners for 36 years and is easily run by a husband and wife team. It consists of 24 units and includes a swimming pool, there are 40 solar panels installed. The family residence has 4 bedrooms. Freehold $1,150,000. Leasehold $350,000 25 year lease. BE YOUR OWN BOSS.
View more images of the Tarra Motel at https://www.youtube.com/watch?v=A40mya6Ptvg&feature=youtu.be or visit the website http://tarramotel.com/
Inspection strictly by appointment only.
Property History for 387 Commercial Rd, Yarram, VIC 3971
- 13 Aug 2021Sold for $570,981
- 25 Jul 2019Listed for Sale $1,150,000
- 14 Jan 1983Sold for $300,000
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0About Yarram 3971
The size of Yarram is approximately 110.9 square kilometres. It has 9 parks covering nearly 5.6% of total area. The population of Yarram in 2016 was 2135 people. By 2021 the population was 2136 showing a population growth of 0.0% in the area during that time. The predominant age group in Yarram is 60-69 years. Households in Yarram are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Yarram work in a labourer occupation.In 2021, 73.40% of the homes in Yarram were owner-occupied compared with 67.70% in 2016.
Yarram has 1,518 properties. Over the last 5 years, Houses in Yarram have seen a 37.16% increase in median value, while Units have seen a 32.13% increase. As at 31 March 2026:
- The median value for Houses in Yarram is $427,684 while the median value for Units is $349,947.
- Houses have a median rent of $375 while Units have a median rent of $228.
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