Property in the Crookwell area is on the money

HOT PROPERTY: Taralga Hotel sold at auction for $745,000. Property in the Taralga, Golspie and Crookwell areas are in demand. Photo Supplied.
HOT PROPERTY: Taralga Hotel sold at auction for $745,000. Property in the Taralga, Golspie and Crookwell areas are in demand. Photo Supplied.

The Taralga Hotel has recently sold at auction.

David Medina from Elders Real Estate in Goulburn said the hotel was only listed with Elders for 28 days before it sold. The property sold for a healthy healthy price tag of $745,000.

The Sydney buyers are from the inner west Chippendale area, and currently have a bar operation.

Mr Medina said the new owners would bring their city expertise to the country pub, which was a popular stop for tourists.

They will continue to keep the pub as is, but may bring in a few changes.

Mr Medina also recently successfully sold the ‘Lochmaree Bike Park’ to the north of Taralga.

The bike park has been in operation for close to 17 years on a 2246 acre property on the Jerong Road. This property was also sold to Sydney buyers.

In addition, Mr Medina sold the 98-acre property ‘Lochani Winery’ on the outskirts of Taralga.

He has also been successful in selling lot-18 Chalkers Lane, 115-acres for $575,000 and lot-9 Wombeyan Caves Road, a vacant 100-acre block, for $205,000. He sold a 967-acre property in the Golspie area at the commencement of the year for $2 million.

Mr Medina said real estate in the Taralga, Golspie, Crookwell and surrounding areas was well sought after and Sydney dollars are healthy at present.

The road infrastructure for twelve 100-acre blocks, soon to come on the market north of Taralga, is going in now.

Crookwell Real Estate agent Jodie Anderson from MD and JJ Anderson said she has never seen the property market like this before. “There is a backlog of buyers from the Kiamma, Gerringong and Albion Park areas waiting on properties in this area. 

“There is also a demand for larger holdings and shops for new business,” she said.