OFF MARKET

1/242 Kiewa Valley Highway
Tawonga South VIC 3698

Bedrooms: 5
Bathrooms: 4
Car spaces: 6
Floor area: 908m2
Land area: 6093m2
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Property Details for 1/242 Kiewa Valley Hwy, Tawonga South

1/242 Kiewa Valley Hwy, Tawonga South is a 5 bedroom, 4 bathroom Unit with 6 parking spaces. The property has a land size of 6093m2 and floor size of 908m2. While the property is not currently for sale or for rent, it was last transferred in August 2019.

Building Type
Unit
Floor Size
908m2
Land Size
6093m2
Local Government
Alpine
Lot/Plan
1/PS525281

Last Listing description (September 2021)

Bogong Ski Centre
Mixed Use/ Commercial Freehold in Prime Position

Centrally located on the main road into in the booming Alpine tourist towns of Mt Beauty & Tawonga South, at the base of Falls Creek Ski Resort, Bogong Ski Centre is set on a large allotment and consists of 5 separate titles.

The property is currently owner occupied and operated as two successful, long-standing businesses - Treats Cafe and Bogong Ski Hire. These business can be purchased in addition to the freehold, or, vacant possession can be provided.

The property was constructed in the early 80's and is solid brick construction with vast underground and internal storage, flexible floor plans, ample staff accommodation or managers residence, and presents a fantastic investment opportunity.

The property titles consist of the following:

Lot 1 - "Treats Cafe'
Licensed cafe with commercial kitchen and large food preparation and storage areas. Large sunny dining deck enclosed with cafe blinds for year-round comfort and additional outdoor leafy deck -
Popular amongst locals and tourists alike and being one of the only licensed cafe's in town , this is a fantastic opportunity to walk straight in to a profitable and seamless cafe business and start trading immediately.
Having been operated for over 20 years with takeaway and dine in options, renowned catering services, its the perfect place to swing by for a coffee and cake on your way up the mountain or pick up some fantastic heat and serve meals for ultimate convenience.

Lots 2 & 3 - Bogong Ski Hire & retail store
Long-standing ski and snowboard hire business, owned and operated by the vendors for over 40 years. The open plan retail area displays everything you need for a day at the snow whether you ski, snowboard, toboggan, or simply explore the winter wonderland on foot.

Other services including chains hire, drying rooms, toilet facilities and separate retail store for other snow gear and outdoor accessories.

This business is perfect for the semi- retirees as it only needs to operate for approximately 6 months of the year, leaving plenty of time to enjoy the finer things in life. Alternatively, maximise your income potential by offering summer gear hire for all your cycling, mountain biking, hiking, camping and fishing needs.

This space could also lend itself well to an exercise centre with gym equipment, hire out rear rooms for pilates or yoga, plenty of open space for bootcamps, consulting rooms fo allied health practitioners,


Lot 4
Previously operated as a service station with shopfront and large storage room at the rear. Potential options for future use are endless - re- establish a petrol station, covert to drive-through coffee shop, car wash, or retail store such as florist or boutique.

Lot 5
Residential apartment consisting of 5 bedrooms and 2 bathrooms plus stunning large deck entertainment area overlooking the river and hills beyond. Could be utilised as managers accommodation or staff residence or, rent out on Airbnb or to permanent tenants for yet another income stream!

The property has excellent exposure to both vehicle and foot traffic, ample parking and endless potential as an investment. Multiple titles allow the new purchaser complete and total flexibility - utilise part of the building as an owner occupier, and rent out the remaining, simply rent out all available spaces and reap the returns!

The Alpine region is booming and there is currently no vacant commercial or retail space available in the Kiewa Valley. Tawonga South is in a huge growth phase with multiple new developments underway both residentially and commercially - this is an opportunity to buy solid existing property to earn income straightaway whilst the town continues to grow.


Contact agent for further details, don't miss your opportunity to make an offer on this unique investment offering.

Property History for 1/242 Kiewa Valley Hwy, Tawonga South, VIC 3698

A timeline of how this property has performed in the market
Last Transferred
26 Aug 2019
  • 07 May 2021
    Listed for Sale Expressions of interest
  • 26 Aug 2019
    Transferred
  • 12 Aug 2016
    Listed for Sale Contact Agent
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About Tawonga South 3698

The size of Tawonga South is approximately 48.7 square kilometres. It has 3 parks covering nearly 85.7% of total area. The population of Tawonga South in 2011 was 837 people. By 2016 the population was 857 showing a population growth of 2.4% in the area during that time. The predominant age group in Tawonga South is 60-69 years. Households in Tawonga South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tawonga South work in a managers occupation. In 2011, 81.2% of the homes in Tawonga South were owner-occupied compared with 83.6% in 2016.

Tawonga South has 761 properties. Over the last 5 years, Houses in Tawonga South have seen a 85.61% increase in median value, while Units have seen a 60.54% increase. As at 31 October 2024:

  • The median value for Houses in Tawonga South is $687,197 while the median value for Units is $565,778.
  • Houses have a median rent of $450.
There are currently 13 properties listed for sale, and 3 properties listed for rent in Tawonga south on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Tawonga south.

Suburb Insights for Tawonga South 3698

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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.