20 Happy Go Lucky Road, Walhalla VIC 3825

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, fully furnished properties, but also a very successful holiday rental accomodation business built up over 15 years, and all the infrastructure, clients, and goodwill that comes with it. Inspection by appointment only.

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 currently on an ongoing License Holding issued by Victorian Department of Environment, Land, Water and Planning.
You will be buying the house and cottage fully furnished, water tanks, generator shed, gas and solar power infrastructure (upgraded in 2021), and the government licence to the land on which it all stands, plus the intangible goodwill of this successful business.

The Coach House is a two storey, 3 bedroom, 2.5 bathroom fully furnished 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, Stringers Creek and the local swimming hole. It is off grid and eco friendly and 4G provides mobile ultra-broadband Internet access if you need to work from home. Solar power and LPG gas appliances include HWS, stove, cooktop and heater (Gas bottles are automatically topped up monthly by Elgas). An 8KVA generator provides a power back up for the 240v electric lights and power and there is a Telstra phone line to the house.

The house is cosy in Winter and cool in Summer, and is nestled in the shady Stringer's Gorge overlooking the creek and the historic Walhalla railway line and tourist train. Like most of Walhalla, the land is not freehold, but the right to occupy the land in perpetuity is government guaranteed through the Licence agreement. The property is registered with the Shire of Baw Baw.

The property also includes a 2nd residence, also a very popular rental, the single bedroom free-standing Stringer's Cottage. This cosy cottage has a galley kitchen, with gas oven, cooktop and fridge. There is a bathroom with shower, and seperate toilet. The cosy bedroom/sitting room has a wood fire and 2 fireside chairs. There is a covered 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.