4 Gainer LaneBuninyong VIC 3357
Property Details for 4 Gainer Lane, Buninyong
Last Listing description (June 2024)
Perfectly located on Mt Buninyong's lower slopes, this property offers three dwellings on just over 10 acres.
The front building housed the Torvil Restaurant. It features a commercial kitchen, bathroom, and a living area. Two additional rooms connected to the main area provide extra space that could be used for a restaurant or converted into a bed and breakfast.
The two storey section is built from local basalt and Western Red Cedar shingles not only providing durability but also creating a visually striking exterior look. The magnificent verandas on both buildings provide an inviting outdoor space to soak in the stunning views of the dam and surrounding gardens. The interior has large windows and hardwood floors which contribute to a bright and welcoming atmosphere, whilst the fireplace adds warmth and a focal point to the area. All three buildings have reverse cycle air conditioning. Exposed beams and basalt walls have an architectural element not only showcasing the property's unique construction but also add a sense of character. The spiral staircase leads you to the upper level where you will find three bedrooms, ensuite, living area and library. The property has a wine cellar.
Since 1992 the passion and commitment to horticultural excellence shines through from the current owner. Established gardens encircling the home lead to the central dam where there are two hot water baths. An orchard has a diverse range of fruit trees on offer whilst the landscaping is designed for low maintenance and climate adaptability. The property is bounded on three sides by native planting. Four interconnected large water tanks (approx. 100,000 litres) supply water to the residence, while an additional dam with a pump-fed system caters to the garden. Additionally, the recently upgraded fire protection system adds a crucial layer of safety to the property. To save on your energy bills there is a 4 panel solar system at 1kw
The third dwelling the current owners envisioned as an art studio. While unfinished, it offers great potential. This versatile, sunlit space could be used in various ways (STCA), ideal for a studio with garden views for inspiration.
This property has a multitude of potential uses. Continue as private residence, make use of the commercial kitchen return this property back into a function venue to hold weddings, conferences and corporate gatherings allowing its picturesque gardens and dam to offer guests a unique and memorable setting for a special occasion. Set up a Garden Centre where courses on gardening and plant care can be conducted. The property can also feature a coffee shop and sell related merchandise. (STCA). It could also be used for Short Term Accommodation, nestled between Ballarat, the Grampians, the Great Ocean Road, and the Western District, which makes it an attractive destination for tourists .
Only a short distance from the vibrant township of Buninyong, this property is a dream waiting to be realized.
**Available for Private Inspection**
Property History for 4 Gainer Lane, Buninyong, VIC 3357
- 01 Mar 2024Sold for $1,300,000
- 11 Oct 2023Listed for Sale Not Disclosed
- 14 Feb 1992Sold for $135,505
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About Buninyong 3357
The size of Buninyong is approximately 26 square kilometres. It has 15 parks covering nearly 3.6% of total area. The population of Buninyong in 2011 was 3,244 people. By 2016 the population was 3,715 showing a population growth of 14.5% in the area during that time. The predominant age group in Buninyong is 0-9 years. Households in Buninyong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Buninyong work in a professional occupation. In 2011, 84.5% of the homes in Buninyong were owner-occupied compared with 82.9% in 2016.
Buninyong has 1,828 properties. Over the last 5 years, Houses in Buninyong have seen a 33.88% increase in median value, while Units have seen a 39.33% increase. As at 31 October 2024:
- The median value for Houses in Buninyong is $701,596 while the median value for Units is $364,256.
- Houses have a median rent of $460 while Units have a median rent of $340.
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