OFF MARKET

961 Coles Bay Road
Coles Bay TAS 7215

Bedrooms: 8
Bathrooms: 7
Car spaces: 40
Floor area: 141m2
Land area: 824600m2
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Property Details for 961 Coles Bay Rd, Coles Bay

Building Type
Land
Year Built
2000
Floor Size
141m2
Land Size
824600m2
Local Government
Glamorgan-Spring Bay
Lot/Plan
2/170107

Last Listing description (February 2023)

The often-used phrase "Once in a generation opportunity" is so appropriate in this instance.
This is only the second time this property has come to market!

This unique property blends the privacy of a semi-rural environment/ homestead with the opportunity to operate and expand an established iconic Tasmanian tourism business on your own doorstep.

Situated beside the world-renowned Freycinet National Park on 100 acres of pristine land overlooking the Moulting Lagoon Reserve.

The package for sale comprises a very comfortable 4-bedroom family home built in the early 2000s
Featuring:
? Vaulted ceiling
? Master with ensuite and walk-in robe
? Wooden floorboards with carpeted bedrooms
? Freestanding wood heater plus reverse cycle air conditioner
? Wrap around decks
? Majestic views over the bushland to the water from all angles
? 4 bedroom demountable ensuited guest/worker cabins

Adjoining the home is a huge rustic entertaining games room with a large stone open fireplace as the focal point. This is a magical area to meet, party, relax and entertain!

The Business:
? Income from the property is derived currently from the well-established, licensed paint and gel ball business which operates out of a Bali-inspired licensed bar.
? The recently established camping grounds cater for approximately 20 unpowered sites which are proving very popular in the growing Tourism market of Freycinet.

The current owners have only just tapped into the potential of this business.
Really this is almost a blank canvas to create/build your own 'Adventure Park', with the potential to incorporate Glamping, powered sites and additional amenities.

All the hard work has been done and licenses are in place. This is your 'generational' opportunity!




M Boutique Real Estate has no reason to doubt the accuracy of the information in this document which has been sourced from means considered reliable.
We cannot, however, guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 961 Coles Bay Rd, Coles Bay, TAS 7215

A timeline of how this property has performed in the market
Last Sold
$65,000
20 Dec 1999
  • 16 Dec 2022
    Listed for Sale Best offer over $2.2 million
  • 27 Apr 2015
    Listed for Sale $199,000
  • 20 Dec 1999
    Sold for $65,000

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About Coles Bay 7215

The size of Coles Bay is approximately 106.9 square kilometres. It has 3 parks covering nearly 47.6% of total area. The population of Coles Bay in 2011 was 307 people. By 2016 the population was 365 showing a population growth of 18.9% in the area during that time. The predominant age group in Coles Bay is 60-69 years. Households in Coles Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Coles Bay work in a managers occupation. In 2011, 64.1% of the homes in Coles Bay were owner-occupied compared with 71.7% in 2016.

Coles Bay has 901 properties. Over the last 5 years, Houses in Coles Bay have seen a 121.44% increase in median value, while Units have seen a 58.49% increase. As at 31 October 2024:

  • The median value for Houses in Coles Bay is $831,366 while the median value for Units is $377,270.
There are currently 17 properties listed for sale, and no properties listed for rent in Coles bay on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Coles bay.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.