8 Elgin Road, Beechworth, Victoria
UNDER INSTRUCTIONS FROM THE MORTGAGEE
SOLD
Business Description
Take control of your work life balance with this substantial mutli-dwelling property ideal for use as a self-contained accommodation business or subdivision opportunity (stca)! Offered with vacant possession, the property known as Beechworth Cottages comprises four separate dwellings on a single parcel of land totalling some 8,386m2 all within an easy stroll to the centre of historic Beechworth.
The improvements consist of McNamara Cottage, a two storey four bedroom two bathroom property that can sleep up to 8; plus three separate two bedroom cedar cottages, Ah Yett, Drummond & Ingram cottages each catering for up to 4 people. Each of these cottages are very generous in size and provide clean and comfortable accommodation for future guests.
Beechworth Cottages, currently run under professional management but offered vacant possession is the ideal opportunity for an owner operator or self managed super fund investor to secure a flexible residential property and grow a solid income producing holiday accommodation business from a very solid foundation. It's all here, potential for immediate cash flow, excellent profits and location location location!
AUCTION TERMS: 10% Deposit Balance 30/60 days offered with vacant possession. BIDDING TERMS: Bidding will be conducted on a price plus GST basis, meaning GST (if any) must be paid in addition to the purchase price.
Business Summary
Key Investment Insights
1. Prime location in historic Beechworth, within easy walking distance to the town center.
2. Flexible property with potential for use as self-contained accommodation business or subdivision opportunity (stca).
3. Four separate dwellings on a single parcel of land, totaling 8,386m2.
4. McNamara Cottage is a two-storey, four-bedroom property that can sleep up to 8 people.
5. Three additional two-bedroom cedar cottages, each sleeping up to 4 people.
6. Currently run under professional management, but offered with vacant possession.
7. Ideal opportunity for owner-operator or self-managed super fund investor.
8. Potential for immediate cash flow and excellent profits.
9. Auction terms: 10% deposit, balance 30/60 days, offered with vacant possession.
10. Bidding will be conducted on a price plus GST basis, meaning GST (if any) must be paid in addition to the purchase price.
