SOLD
Sold on 10 Feb 2024 for $1,390,000

1720 Tarra Valley Road
Tarra Valley VIC 3971

Bedrooms: 3
Bathrooms: -
Car spaces: -
Land area: 40469m2
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Property Details for 1720 Tarra Valley Rd, Tarra Valley

Building Type
Commercial
Land Size
40469m2
Local Government
Wellington
Lot/Plan
1/PS303678

Last Listing description (January 2023)

Best Friend Holiday Retreat, Australia's only purpose-built dog-friendly park, is an award-winning holiday park with a loyal clientele following. The business enjoys an outstanding reputation in the Victorian Caravan Parks Industry, recently winning the VicParks Caravan Park Excellence Award 2020-2021 (under 100 sites), the industry's peak achievement award. A tree-change' lifestyle opportunity awaits on 10-acres of beautifully maintained parkland gardens set in the heart of the Tarra Valley rainforest.
The property epitomises the natural beauty of country living with stunning rural views, temperate rainforest surrounds, bubbling creek adjacent to the main residence and an abundance of native wildlife. Wake to the sounds of parrots chirping, kookaburras laughing and lyrebirds calling. Koalas, echidnas, rosellas, cockatoos and galahs are prolific. Several wombats reside on the property and platypus sightings are common in the Tarra River directly across the road, where a stunning waterfall cascades into a natural rock swimming pool.
The property has a variety of well-established trees with towering gums, deciduous European trees, tree ferns, banksias, grevilleas, and kangaroo paws. Fruit trees include apple, pear, cherry, mandarin, lime, persimmon, and apricot.


Park Facilities:
- Main office and holiday park reception building
- Storeroom for linen and cleaning supplies
- Laundry room with two washing machines and commercial clothes dryer
- Double garage for tractor and tool storage
- Amenity block with guest toilets and showers
- Camp kitchen with two barbeques, stove top, refrigerator, microwave, kettle and toaster
- Guest laundry with commercial coin-operated washing machine and clothes dryer
- Hydrobath dog wash and blow dryer
- Separate commercial coin-operated washing machine for dog bedding
- Five luxury day-stay kennels with private indoor/outdoor areas
- Six securely fenced, double-gated, off-leash areas
- Access to the Tarra Valley directly across from the property, featuring a scenic waterfall and natural rock pool swimming hole

Park Accommodation
- 8 fully self-contained holiday rental cabins (3 deluxe, 1 mini-deluxe and 4 budget cabins)
- 4 annual cabins (cabins owned by tenants who pay an annual fee to visit up to 90 nights/ year)
- 6 securely fenced, drive-through, powered caravan sites
- 5 securely fenced, powered camping sites
- 7 unfenced, powered caravan sites
- 9 unfenced, unpowered camping sites

With only two owners since the holiday park was established in 2002, the current owners have made multiple improvements since purchasing the property in 2017, including:

- Purchasing an additional holiday rental cabin
- Solar power system installed on main residence and reception office
- Installed 8 split-system, reverse cycle air-conditioners (2 in main residence, 1 in reception, 5 in holiday rental cabins)
- Implemented cloud-based Reservation Management System
- Implemented cloud-based Accounting System
- Established EFTPOS capability
- A range of renovations, refurbishment and replacement in holiday cabins
- Refreshed the amenities block
- All cabins have new cutlery and crockery, cleaning tools and bedding items
- Increased social media audience to over 9000 Facebook followers
- Created an Instagram page
- Established a DVD and board game library for guests
- Purchased and installed an automated external defibrillator (AED)

The large main residence is conveniently located adjacent to the main reception building and offers flexible living arrangements. The current owners have converted the residence to a single dwelling, however it could easily be returned to two fully self-contained dwellings with their own entrances.
The main residence comprises of:
- Large open plan dining and living area with gas fireplace, bay window with stunning rural views and balcony access
- Generous master bedroom with walk-in-robe, ensuite and full-length windows with forest views
- Spacious second bedroom with built-in-robe and bay window with impressive rural views
- Third bedroom with built-in-robe and rural views
- Two separate kitchens, ASKO dishwasher and gas stove
- Main bathroom
- Additional powder room/toilet
- Heating and cooling provided by three split-system reverse cycle air-conditioners
- Parking for two private vehicles, one under carport cover
- Securely fenced private rear garden with irrigated raised garden beds

Located 17km from the township of Yarram, the Education Department provides a free bus service that collects and returns children from the property to the local Primary and Secondary schools in Yarram.

This is a once in a lifetime opportunity to purchase a unique property to run your own business and live in paradise at the same time. What more could you want!

Call now for a private inspection.

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist
or call us ...

Property History for 1720 Tarra Valley Rd, Tarra Valley, VIC 3971

A timeline of how this property has performed in the market
Last Sold
$1,390,000
10 Feb 2024
  • 10 Feb 2024
    Sold for $1,390,000
  • 10 Nov 2021
    Listed for Sale $1800000
  • 05 Jul 2017
    Sold for $915,000
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About Tarra Valley 3971

The size of Tarra Valley is approximately 36 square kilometres. It has 2 parks covering nearly 41.8% of total area. The population of Tarra Valley in 2011 was 477 people. By 2016 the population was 60 showing a population decline of 87.4% in the area during that time. The predominant age group in Tarra Valley is 60-69 years. Households in Tarra Valley are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tarra Valley work in a professional occupation. In 2011, 87% of the homes in Tarra Valley were owner-occupied compared with 100% in 2016..

Tarra Valley has 52 properties. Over the last 5 years, Houses in Tarra Valley have seen a 22.26% increase in median value, while Units have seen a 153.57% increase. As at 31 October 2024:

  • The median value for Houses in Tarra Valley is $642,474 while the median value for Units is $314,678.
There are currently 1 property listed for sale, and no properties listed for rent in Tarra valley on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Tarra valley.

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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.