8 Elgin Rd, Beechworth is a 0 bedroom, 0 bathroom Unit with 2 parking spaces. The property has a land size of 8199m2. While the property is not currently for sale or for rent, it was last sold in November 2019.
Take control of your work life balance with this substantial mutli-dwelling property ideal for use as a self-contained accommodation business or subdivision opportunity (stca)! Offered with vacant possession, the property known as Beechworth Cottages comprises four separate dwellings on a single parcel of land totalling some 8,386m2 all within an easy stroll to the centre of historic Beechworth. The improvements consist of McNamara Cottage, a two storey four bedroom two bathroom property that can sleep up to 8; plus three separate two bedroom cedar cottages, Ah Yett, Drummond & Ingram cottages each catering for up to 4 people. Each of these cottages are very generous in size and provide clean and comfortable accommodation for future guests. Beechworth Cottages, currently run under professional management but offered vacant possession is the ideal opportunity for an owner operator or self managed super fund investor to secure a flexible residential property and grow a solid income producing holiday accommodation business from a very solid foundation. It's all here, potential for immediate cash flow, excellent profits and location location location! AUCTION TERMS: 10% Deposit Balance 30/60 days offered with vacant possession. BIDDING TERMS: Bidding will be conducted on a price plus GST basis, meaning GST (if any) must be paid in addition to the purchase price..
The size of Beechworth is approximately 164.9 square kilometres. It has 23 parks covering nearly 59.2% of total area. The population of Beechworth in 2011 was 3,559 people. By 2016 the population was 3,864 showing a population growth of 8.6% in the area during that time. The predominant age group in Beechworth is 60-69 years. Households in Beechworth are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Beechworth work in a professional occupation. In 2011, 75% of the homes in Beechworth were owner-occupied compared with 74.2% in 2016.
Beechworth has 2,646 properties. Over the last 5 years, Houses in Beechworth have seen a 70.19% increase in median value, while Units have seen a 53.86% increase. As at 31 October 2024:
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