FOR SALE
$2,400,000

851 Ironcliffe Road
Penguin TAS 7316

Bedrooms: 9
Bathrooms: 5
Car spaces: 5
Floor area: 205m2
Land area: 20.74ha
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RUSTIC HUT BUSH RETREAT

AWARD WINNING FARM ACCOMMODATION
Rustic Hut Bush Retreat is nestled at the base of the Dial Range and, sharing a boundary with the Parks & Wildlife Dial Range Reserve, the property offers an unrepeatable blend of farm life, native forest and 4 beautiful cabins providing a healthy income.
A short 8km drive from the seaside town of Penguin and just a half hour drive to the City of Devonport with its airport and Spirit of Tasmania shipping terminal, the combination of a convenient location and magnificent countryside is hard to beat!
Excellent farm land is divided into 17 paddocks and is serviced by a high capacity bore and a dam.
The four cabins are built using combinations of Tasmanian timbers and look out towards the Dial Range forests and through the valley to Bass Strait. The Dial Range offers extensive bush walking tracks to Mount Montgomery, Gnomon and Duncan along with mountain bike trails and the Penguin Mountain Bike Park, many accessible directly from the property. A short walk from the property boundary brings you to a permanent creek and two waterfalls.
The main house features four large bedrooms, three with built-ins, a large lounge and kitchen with a big walk-in pantry and a rumpus room. A huge wood heater in the lounge keeps things cosy in the winter.
An opportunity also presents to easily convert the current reception area into more accommodation if required.
There's way too much info to share here, contact us to request detailed information along with projected income figures. The cabins are fully equipped and ready for your guests. Expect a return of 11%/annum based on 75% occupancy.
What an opportunity!
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Property Details for 851 Ironcliffe Rd, Penguin

851 Ironcliffe Rd, Penguin is a 9 bedroom, 5 bathroom House with 5 parking spaces. The property has a land size of 20.74ha and floor size of 205m2. The place is currently for sale with Harcourts Ulverstone & Penguin.

Building Type
House
Floor Size
205m2
Land Size
20.74ha

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About Penguin 7316

The size of Penguin is approximately 45.4 square kilometres. It has 14 parks covering nearly 23.2% of total area. The population of Penguin in 2011 was 3,923 people. By 2016 the population was 3,847 showing a population decline of 1.9% in the area during that time. The predominant age group in Penguin is 50-59 years. Households in Penguin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penguin work in a professional occupation. In 2011, 74.7% of the homes in Penguin were owner-occupied compared with 75% in 2016.

Penguin has 2,103 properties. Over the last 5 years, Houses in Penguin have seen a 72.48% increase in median value, while Units have seen a 58.22% increase. As at 31 August 2024:

  • The median value for Houses in Penguin is $547,716 while the median value for Units is $382,942.
  • Houses have a median rent of $418 while Units have a median rent of $273.
There are currently 38 properties listed for sale, and no properties listed for rent in Penguin on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Penguin.

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Colin Tunn
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Jodi Tunn
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Harcourts Ulverstone & Penguin
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