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Overview
This property is an exceptional investment opportunity located in the heart of Mudgee's central business district. The site features a classic late 1800's double terrace facade, which is a landmark in the town centre and lends strong architectural and historical appeal. The offering comprises six meticulously renovated one- and two-bedroom self-contained boutique units, all presently operated as a successful short-stay accommodation business. This setup effectively attracts both leisure and corporate guests, ensuring a consistent income stream.
Positioned on a prominent 1,214 square metre site with dual access and off-street parking, the complex is within easy walking distance to a vibrant selection of cafes, boutique stores, and restaurants. The quality finishes throughout the units underscore the property's careful maintenance and upgrade by the current owners, who have balanced preservation of its historic charm with modern amenity standards.
This blue-chip investment is further bolstered by Mudgee's booming tourism sector and a current scarcity of accommodation supply, enhancing the potential for sustained income and capital growth. The property also offers flexibility for long-term letting or future strata subdivision, subject to council approval, providing avenues for future value uplift.
Surrounded by over 60 vineyards and 35 cellar doors, the location benefits from the draw of more than 690,000 annual visitors to the region, underpinning strong accommodation demand. The appeal of this property will resonate with investors seeking a well-located, income-generating asset with proven performance and future growth prospects in a thriving regional market.
Local Market Insights
In Mudgee, Quiet Listings observed 19 new houses entering the market over the last 30 days, down from 40 during the previous 30-day period, with an average advertised asking price of $900,789. The property type mix of listed properties is predominantly Houses at 70%, followed by land (15%), and units (11%). McGrath Estate Agents was the most active agency in this area, representing 84.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Mudgee NSW 2850
Market Insights for Mudgee NSW 2850
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