OFF MARKET

5/6 Big Muster Drive
Dinner Plain VIC 3898

Bedrooms: 2
Bathrooms: -
Car spaces: -
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Property Details for 5/6 Big Muster Dr, Dinner Plain

5/6 Big Muster Dr, Dinner Plain is a 2 bedroom, 0 bathroom Unit and was built in 2000. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Unit
Year Built
2000
Local Government
Alpine
Lot/Plan
5/PS525032

Last Listing description (August 2022)

+Renewed 6 Year lease to 2028 plus options through to 2048**
+Long standing, industry leading tenant over 9 years in occupancy and has exercised the option early, further demonstrating the strength and belief in this operation
+Saltwater Hotels & Resorts: Leading boutique Hotel and accommodation operator managing 30 assets spanning across 5 states

+Highly desirable net lease terms with tenant pays all outgoings (excluding land tax) as per the lease
+Attractive annual CPI increases
+Opportunity to purchase two x 1 bedroom loft apartments plus retail, office and staff quarters
+447sqm* land area with an important 4 on-site carparks
+Highly sought after and tightly held village location with frontage to Big Muster Drive
+Dinner Plain is serviced by the worlds largest ski lift operator Vail Resorts
+Dinner Plain: Popular alpine destination just 15 minutes from Hotham Ski Field and airport
+Alpine Shire: Located in picturesque North East Victoria and includes major tourism and ski destinations Dinner Plain, Falls Creek and Mount Hotham
+Potential 50% stamp duty concession
+Estimated Net Rent: $70,840pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 3 August 2022
Crown Casino - River Room

*approx.
**tenant has exercised their option early

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Property History for 5/6 Big Muster Dr, Dinner Plain, VIC 3898

A timeline of how this property has performed in the market
Last Sold
$1,280,000
03 Aug 2022
  • 03 Aug 2022
    Sold for $1,280,000
  • 05 Jul 2022
    Listed for Sale Price on Request

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About Dinner Plain 3898

The size of Dinner Plain is approximately 26.2 square kilometres. It has 11 parks covering nearly 75.3% of total area. The population of Dinner Plain in 2011 was 144 people. By 2016 the population was 227 showing a population growth of 57.6% in the area during that time. The predominant age group in Dinner Plain is 40-49 years. Households in Dinner Plain are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dinner Plain work in a managers occupation. In 2011, 46.8% of the homes in Dinner Plain were owner-occupied compared with 60.5% in 2016.

Dinner Plain has 612 properties. Over the last 5 years, Houses in Dinner Plain have seen a 91.22% increase in median value, while Units have seen a 24.63% increase. As at 30 November 2024:

  • The median value for Houses in Dinner Plain is $1,031,161 while the median value for Units is $409,785.
There are currently no properties listed for sale, and no properties listed for rent in Dinner plain on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Dinner plain.

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