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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 an ongoing license issued by Victorian Department of Environment, Land, Water and Planning. The land is not freehold, but the right to occupy the land has been guaranteed by the department. This also means that there is no stamp duty applicable on the purchase of the property. You will be buying the house and cottage fully furnished, generator shed and gas generator, water tanks, newly installed (2021) solar infrastructure and the licence to the land on which it all stands, plus the intangible goodwill value of the successful business.
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.
The Phone Code for this property is: 80287. Please quote this number when phoning or texting.
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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