OFF MARKET

3 Tenth Street
Hepburn Springs VIC 3461

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 668m2
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Property Details for 3 Tenth St, Hepburn Springs

Building Type
Commercial
Land Size
668m2
Local Government
Hepburn
Lot/Plan
CP165559

Last Listing description (June 2017)

The location is stunning. Cosy is uniquely situated at the top of the beautiful Hepburn
Reserve and the award winning, State Government sponsored Hepburn Springs Spa Centre.
This popular Centre attracts thousands of visitors annually and attracts tourists from all over

Australia to the Daylesford and Hepburn Springs area. Cosy is across the street from
Pepper's Resort. A collection of work by local poets who met at Cosy over the year has been published Poets of Cosy Corner. Some local artists have contributed murals in the restaurant. The open fire, sense of history, attachment to the Spa reserve, and bush setting provide an ambiance that is hard to beat. Dimensions of the property are 13.19 by 50.29 (665m2). The restaurant occupies the front one-third of the rectangular property it's front door facing 10th Street. The remaining two thirds of the property may be developed for large functions, extension of the current building, a residence or possibly subdivision (STCA). There are two dining rooms, commercial kitchen, bathrooms, storeroom and patio area. The dining rooms can be separated for private functions. A fully plumbed and electrically fitted bar/counter/work area is located in the main dining room adjacent to the entrance. Both dining areas are heated with gas and an open fire is in the main dining room. No equipment fit-out was undertaken so the purchaser has maximum workflow design choices. The popular location and established name recognition provide commercial confidence.

Property History for 3 Tenth St, Hepburn Springs, VIC 3461

A timeline of how this property has performed in the market
Last Sold
$420,000
12 Jun 2015
  • 12 Jun 2015
    Sold for $420,000
  • 17 Apr 2015
    Listed for Sale Freehold Buyers Guide $420,000 - $450,000
  • 27 Jan 2003
    Sold for $260,000
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About Hepburn Springs 3461

The size of Hepburn Springs is approximately 3.1 square kilometres. It has 3 parks covering nearly 45.2% of total area. The population of Hepburn Springs in 2011 was 240 people. By 2016 the population was 321 showing a population growth of 33.8% in the area during that time. The predominant age group in Hepburn Springs is 50-59 years. Households in Hepburn Springs are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Hepburn Springs work in a professional occupation. In 2011, 57.7% of the homes in Hepburn Springs were owner-occupied compared with 68.9% in 2016.

Hepburn Springs has 453 properties. Over the last 5 years, Houses in Hepburn Springs have seen a 37.70% increase in median value, while Units have seen a 35.97% increase. As at 31 October 2024:

  • The median value for Houses in Hepburn Springs is $750,053 while the median value for Units is $579,935.
  • Houses have a median rent of $515 while Units have a median rent of $333.
There are currently 15 properties listed for sale, and 1 property listed for rent in Hepburn springs on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Hepburn springs.

Suburb Insights for Hepburn Springs 3461

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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.