8 Elgin Road, Beechworth, Victoria

Auction Friday 8th November 2019

Property Description

UNDER INSTRUCTIONS FROM THE MORTGAGEE

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.

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Bed and Breakfast Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent


Marketing Agency

Devlin

Rod Devlin
Devlin

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Map Location ( get directions )

8 Elgin Road, Beechworth, Victoria 3747

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