OFF MARKET

180 Badger Corner Road
Lady Barron TAS 7255

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 120m2
Land area: 60700m2
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Property Details for 180 Badger Corner Rd, Lady Barron

Building Type
Commercial
Year Built
1980
Floor Size
120m2
Land Size
60700m2
Local Government
Flinders
Lot/Plan
2/160220

Last Listing description (July 2023)

Elders Real Estate is delighted to present for sale 'Cooma House', one of Flinders Island's most unique lifestyle and business opportunities, boasting proven income capabilities, coupled with enormous scope for expansion.

The Island forms part of one of the 52 islands in the Furneaux group of Tasmanian Islands offering untouched coastlines and beaches, rugged mountain ranges, abundant wildlife and native flora to the crystal-clear sapphire waters, the lush green farming flats and granite headlands. The opportunity invites you to slow down and enjoy all that it has to offer through its natural pristine beauty.

'Cooma House' was first built by renowned artist John Parish and his influence is still obvious in the house. Ideally situated 7.2km* south west of Lady Barron, the principal seaport providing access to mainland Tasmania, this charming guesthouse is situated on 4.26 hectares* (10.52 acres*) and is nestled at the base of the Strzelecki Ranges National Park. 'Cooma House' is set within manicured lawns, sculptured bushland of gracious eucalypts and landscaped gardens, which frame views of Adelaide and Petrifaction Bays.

'Cooma House' and the commercial offering that is 'Flinders Island Retreat', was established in 2018 after the current owners built a second storey wing and completed extensive renovations to the original house. The renovation works were completed to a high standard with the accommodation now enjoying seven generously sized bedrooms (six bedrooms with ensuites, five with separate toilets) in addition to individual room heating and cooling, satellite and smart televisions.

A solid Tasmanian oak staircase connects to the upstairs floorplan, which comprises three bedrooms and a central common area. The lower level features four bedrooms, main bedroom with ensuite and walk-in wardrobe, in addition to a disabled access bedroom with fully compliant ensuite. The guesthouse further features multiple formal and informal common areas, open fireplace, sizeable office and spacious laundry.

The kitchen features stainless steel commercial sized sinks and benches. Drawers include a Fisher & Paykel refrigerator in a central jarrah timber bench. Quality SMEG appliances include 6 burner induction cooktop, combi-oven, stone oven, french pantry style refrigerator/freezer plus an under bench commercial dishwasher, complemented by a separate Chef stand-alone stove, a commercial exhaust canopy and a wood burning 'Gourmet' bakers oven with hot water wetback completes the kitchen package. There is also a large pantry room, a large crockery room plus a north facing cemented courtyard/BBQ area and additional verandah areas with blinds perfect for entertaining.

Other notable features of 'Cooma House' include:
5.5 kilowatt solar panels connected to mains power (with the ability to feed back to the grid)
Solar hot water with electric booster
Extensive kitchen garden with variety of established citrus and fruit trees underplanted with herbs, vegetables and flowers
Attached Carport and extensive car parking area
Work shed, woodshed, garage, lockable outdoor storage space
Labyrinth
67,500 litres* of fresh rainwater storage with UV filter
2 x electric hot water systems
Unique circulating water pump providing instant hot water to all taps.

Garden water is sourced via two catchment dams which service 2 x 22,500 litre* poly storage tanks and are fed via a 2-inch underground poly line to garden taps and toilets if necessary.

'Cooma House' holds an outstanding reputation for having hosted numerous local community events, workshops, presentations, executive style luncheons, cooking schools, in addition to live-in artists, bird-watching groups, family retreats and fully catered business conferences.

The property is zoned rural living and has a unique "site-specific qualification" where food services are permitted for guest's, however also presents the opportunity to conduct restaurant services to the broader public (STCA).

Ideally suited to a range of investor profiles, the property has historically benefitted from a favourable income stream with enormous scope for expansion by a purchaser with a hospitality background looking for a change in pace, an organisation looking for a conference retreat centre or a savvy tour operator with a vision in mind. 'Cooma House' would further be ideally suited to a large family/ies seeking a beautifully presented and spacious home on the Island.

Travelling to Flinders Island is via convenient daily flights which operate between mainland Tasmania (35 minute* flight), in addition to Melbourne Victoria (1 hour* flight). This easy accessibility adds to the significant appeal of Flinders Island.

'Cooma House' is a fully operating guesthouse offered for sale on a walk-in walk-out basis, including all high end furnishings, top quality linens, cookware, crockery, cutlery, fine art works etc.

Vendor finance terms available by negotiation.

For further information or to arrange a private inspection, please contact Michelle Hirchfield 0409 151 799 or Nick Myer 0427 610 278.

Property History for 180 Badger Corner Rd, Lady Barron, TAS 7255

A timeline of how this property has performed in the market
Last Sold
$70,000
15 Mar 2000
  • 06 Mar 2023
    Listed for Sale Price Reduced $3.65M - $3.95M
  • 20 Dec 2019
    Listed for Sale $130,000
  • 15 Mar 2000
    Sold for $70,000

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About Lady Barron 7255

The size of Lady Barron is approximately 41.2 square kilometres. It has 3 parks covering nearly 23.3% of total area. The population of Lady Barron in 2011 was 261 people. By 2016 the population was 162 showing a population decline of 37.9% in the area during that time. The predominant age group in Lady Barron is 60-69 years. Households in Lady Barron are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lady Barron work in a labourer occupation. In 2011, 66.4% of the homes in Lady Barron were owner-occupied compared with 55.2% in 2016.

Lady Barron has 196 properties. Over the last 5 years, Houses in Lady Barron have seen a 34.35% increase in median value, while Units have seen a 160.82% increase. As at 31 October 2024:

  • The median value for Houses in Lady Barron is $334,151 while the median value for Units is $99,221.
There are currently 4 properties listed for sale, and no properties listed for rent in Lady barron on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Lady barron.

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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.