20 Happy Go Lucky Road, Walhalla, VIC 3825

Price: $595,000

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Beautiful Holiday House And Cottage - Business and Investment Opportunity

The Coach House and Stringers Cottage together provide a unique business opportunity for a smart buyer. The successful purchaser will not only be buying two unique properties, but also a very successful holiday rental accomodation business built up over 12 years, and with that, all the infrastructure, clients, and goodwill that comes with it.

Occupancy rate averages 75% for both properties across any given year and ROI is 12% gross, 6% net (2018/19 financial year). Even during the 2019/20 bushfires and Covid-19 (2019/20 financial year) this property has performed well, with ROI of 11% gross, 6% net. Records are available on application to serious buyers.

This property is on an ongoing license holding issued by Victorian Department of Environment, Land, Water and Planning. The land is not freehold, but the right to occupy the land in perpetuity is government guaranteed. The department is currently negotiating a land agreement with the native titleholders, which will lead to eventual freehold land. This means that there is no stamp duty currently applicable on the purchase of the property. You will be buying the house and cottage and the government licence to the land on which it all stands, plus the intangible goodwill value of the successful business. The properties come fully furnished, plus generator shed, water tanks, solar and gas power generation infrastructure newly installed in 2021, with a backup 8KVA Generac Generator. Gas bottles are filled, maintained and serviced automatically by Elgas.

The Walhalla Coach House is a double storey, 3 bedroom, 2 bathroom family holiday home located in the beautiful Walhalla valley, and will accommodate up to 8 people comfortably. It is private and secluded, yet only a short walk to the historic town centre. It is solar powered and eco friendly with gas appliances including gas hot water and heating. Cosy in Winter and cool in Summer, it is nestled in the shady Stringer's Gorge overlooking the historic Walhalla train line and tourist train.

The property also includes a 2nd residence and very popular rental, the single bedroom free-standing Stringer's Cottage. This cosy cottage has its own kitchen, with gas oven, cooktop and fridge. There is a separate bathroom and toilet, and a cosy bedroom with a wood fire and undercover porch overlooking Stringer's Creek, famous for its alluvial gold during the gold-rush heydays in Walhalla.

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Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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View Original Listing: For Sale By Owner