Strong Investment Opportunity. Located in a high profile location on the high side of the Kiewa Valley Highway, this freehold is situated on a double size allotment and is occupied by the well known popular restaurant Flower and Water. With superb outlook over the mountains and ample parking, this freehold is the type of Retail property that is not easy to come by. Due to Covid tenant is on a week to week rental of $110 inc GST plus tenant pays outgoings with no lease in place.Tawonga South is located in the tourist hub of the Upper Kiewa Valley and gateway to Mount Beauty and the ski resort of Falls Creek. For a private inspection of this excellent Freehold, please call Elders Local Upper Ovens and Kiewa Valley agent , John Robinson on 0407 358195. John is located in Bright and is available 7 days a week.
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 762 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:
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