OFF MARKET

1 Bluff Road
Whitemark TAS 7255

Bedrooms: 10
Bathrooms: -
Car spaces: -
Floor area: 94m2
Land area: 16516m2
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Property Details for 1 Bluff Rd, Whitemark

Building Type
Commercial
Year Built
1981
Floor Size
94m2
Land Size
16516m2
Local Government
Flinders
Lot/Plan
1/147000

Last Listing description (November 2015)

Lifestyle Accommodation & Car Hire Business with Excellent Growth Potential.
This lifestyle business is centrally located on Flinders Island in the Bass Strait, one of the few remaining pristine areas of Australia. It is easily accessed from Tasmania and Victoria and caters for holiday makers and business travellers alike. Currently run by a husband and wife team with 2 casual employees the business has demonstrated strong continued growth over the past 5 years. As it is still to reach its full potential it is perfectly suited to future development and expansion. Set on 4 acres of land on 2 titles this includes 1.5 acres of undeveloped land with prime main road frontage.
2 BUSINESSES IN ONE:- 8 FULLY SELF CONTAINED CABINS & FLEET OF HIRE VEHICLES.

The ability to offer a one stop accommodation and vehicle hire packages to guests is a major asset and sets this business apart from.
EXCELLENT REPUTATION SHOWING STEADY GROWTH OVER THE PAST 5 YEARS.
With cabin upgrades and improvements to the grounds completed the current owners have taken the business to a new standard for accommodation on Flinders Island. Strong forward bookings show further continuation in the growth of the business.
UNTOLD POTENTIAL.
The business is yet to reach its full potential and has room for expansion in a number of areas, especially with the addition of in cabin meals which would make it the only venue of its kind on the island. Addition of more cabins would automatically increase revenue.
EASILY RUN BUSINESS.
Currently operated by husband and wife team with casual workers during the busy season. The opportunity is on hand to take the business to the next level or enjoy a very relaxed and layback lifestyle.
GOOD RETURNS.
Providing around 14% net return on investment the business is ideally set for 2 couples or an extended family.
NOTHING TO SPEND.
With all of the necessary hard work already accomplished the new owners need only to move in and put their own touches on the business.
SEASONAL BUSINESS.
The seasonal nature of the business allows the owners time off during the winter months.
LANDSCAPED GROUNDS & ESTABLISHED GARDENS.
The landscaping of the grounds over the past 5 years have transformed the park providing a very scenic and relaxing environment of peace, privacy and fresh air.
MANAGERS RESIDENCE.
Very comfortable 2 bedroom solid block owners/managers residence with large lounge with wood heater, large kitchen that opens up onto a private courtyard and a large fenced backyard with veggie gardens and fruit trees.
WELL LOCATED.
The park is situated 4 kilometres from the main township of Whitemark and only 300 metres to the main airport. This is an advantage with airport pickups and as the location is central to the island it provides a perfect base for travellers to explore the island.
Owners are selling this business and property FREEHOLD on a WIWO basis. For those seeking a unique business and lifestyle opportunity this is a MUST SEE! Price has been reduced to $848,000 for a quick sale. For further information, please contact Colin Wilson of Roberts Real Estate, Flinders Island.

Property History for 1 Bluff Rd, Whitemark, TAS 7255

A timeline of how this property has performed in the market
Last Sold
$545,000
07 May 2015
  • 07 May 2015
    Sold for $545,000
  • 12 Mar 2014
    Listed for Sale $848,000
  • 25 Oct 2013
    Listed for Sale $942,000 NEGOTIABLE
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About Whitemark 7255

The size of Whitemark is approximately 105.5 square kilometres. It has 5 parks covering nearly 45.6% of total area. The population of Whitemark in 2011 was 447 people. By 2016 the population was 286 showing a population decline of 36.0% in the area during that time. The predominant age group in Whitemark is 60-69 years. Households in Whitemark are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Whitemark work in a trades occupation. In 2011, 71.5% of the homes in Whitemark were owner-occupied compared with 60.4% in 2016.

Whitemark has 306 properties. Over the last 5 years, Houses in Whitemark have seen a 49.27% increase in median value. As at 31 October 2024:

  • The median value for Houses in Whitemark is $391,046 while the median value for Units is $1,665,539.
There are currently 3 properties listed for sale, and no properties listed for rent in Whitemark on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Whitemark.

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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.