This Australian country pub is selling for less than it cost to build
If you are looking for the quintessential Australian business and home among the gum trees, with lots of plum trees, a beer or two and a kangaroo — you are in luck.
The Quinninup Tavern and a separate two-bedroom cottage, situated on a 2907sqm block and among the giant karri trees of the southern forest region of Western Australia, have hit the market.
Simon Mills of Ray White says the the modern and stylish building was completed in 2019 at a cost of $1.2 million, including the separate two-bedroom cottage.
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By continuing you agree to our Terms and Privacy Policy.And this is partly why the deal is worth a news article — because the owners are seeking offers from $899,000. Yes, that’s LESS than it cost to build in the first place.
The Wheatley Coast Road address is also a potential development site as it is zoned town centre, and there is also the potential to purchase the neighbouring property, which is also on the market.
The tavern has a modern commercial kitchen, full bar facilities, an indoor restaurant with a sports bar, as well as outdoor seating and a beer garden.
It is close to the Karri Lake recreational development and subdivision in Quinninup in the South West, which is known as the “Jewel of the South”.
Mr Mills said it is experiencing decent growth and is a popular holiday spot.
Originally published on The Nightly
