OFF MARKET

52/52 Creek Road
Lenah Valley TAS 7008

Bedrooms: 3
Bathrooms: 1
Car spaces: 20
Floor area: 118m2
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Last updated 11 Nov 2024
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Property Details for 52/52-A Creek Rd, Lenah Valley

52/52-A Creek Rd, Lenah Valley is a 3 bedroom, 1 bathroom House with 20 parking spaces. The property has a floor size of 118m2.

Building Type
House
Floor Size
118m2
Local Government
Glenorchy

Last Listing description (November 2018)

FROM the turreted towers, heraldic carvings and shields to the curved walls, slate floors and gothic-style feature mirror, what is there not to love about this unique medieval style property. One of my favorite locations, the Castle is up for sale and looking for a new owner/s. If you have vision, a creative imagination, crave a new project and can think outside the square, then this property could very well be for you. This is an iconic building in its area, well loved by many and is as individual as Tasmania. With a back drop of Hobart's iconic Mt. Wellington and bordered by a creek, one could be mistaken for thinking you had awoken to survey the romantic sights of a castle in Belgium.
Built in the 1980s, it's former years have seen it in operation as a Doll museum and a Public Bar & Steak House, it is currently utilised as a Yum Cha restaurant. The future could include any variety uses; various flavours of restaurant, wedding and conference/function venue, a tourism development, a very inventive childcare centre, dance studio, night club or a fantasmal private residence. Potential for the Castle surpasses all imagination.
Set on 2773m of land, this unique property incorporates the fully licensed premises of 'The Castle' and a sandstone residential dwelling built in the 1850's, 'Brookside Cottage'. This dwelling has a covered verandah, separate living, kitchen and dining, both with wood fires, three bedrooms, bathroom, toilet and storeroom. Both buildings face north east and enjoy all day summer sun.

The restaurant comfortably seats up to one hundred guests but can accommodate up to one hundred and twenty. A full length bar spans both the restaurant and next door saloon. There is ample outdoor seating, both at the front and rear of the building with peaceful views of the creek or Mt Wellington. These areas have great potential for further development.
The commercial kitchen is overly well equipped, with adjoining large cool room and separate store room. Outside, adjacent to the kitchen is a free-standing freezer room (approx 9m square). The Castle is being sold with all fixtures, fittings, plant and equipment and SAV.
Property Details at a glance:
Brookside Castle, licensed restaurant, approximately 362m square on ground level, seats 80 to 100 guests.
Brookside Cottage, a sandstone 1850s three bedroom house that is currently leased at $350pw, approx 112m square
2773m square of prime land with plenty of car parking space.
Scope for further development or subdivision(STCA).
Returning close to 7% net, this property offers a secure real estate investment
A lease option is available, contact us for more details

Disclaimer: The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

Property History for 52/52-A Creek Rd, Lenah Valley, TAS 7008

A timeline of how this property has performed in the market
  • 01 Feb 2018
    Listed for Sale $975,000 plus Plant and Equipment and SAV

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About Lenah Valley 7008

The size of Lenah Valley is approximately 8.4 square kilometres. It has 10 parks covering nearly 3.3% of total area. The population of Lenah Valley in 2011 was 5,852 people. By 2016 the population was 5,934 showing a population growth of 1.4% in the area during that time. The predominant age group in Lenah Valley is 40-49 years. Households in Lenah Valley are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lenah Valley work in a professional occupation. In 2011, 75.1% of the homes in Lenah Valley were owner-occupied compared with 74% in 2016.

Lenah Valley has 3,089 properties. Over the last 5 years, Houses in Lenah Valley have seen a 37.83% increase in median value, while Units have seen a 32.83% increase. As at 31 October 2024:

  • The median value for Houses in Lenah Valley is $751,994 while the median value for Units is $535,979.
  • Houses have a median rent of $595 while Units have a median rent of $450.
There are currently 14 properties listed for sale, and 1 property listed for rent in Lenah valley on OnTheHouse. According to CoreLogic's data, 82 properties were sold in the past 12 months in Lenah valley.

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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.