1390A Myers Creek RoadToolangi VIC 3777
Property Details for 1390a Myers Creek Rd, Toolangi
Last Listing description (January 2020)
Set on a picturesque 4.75 acres of exquisite gardens & rolling lawns, the Toolangi Tavern offers so much for the Investor including a bar/restaurant/general store that seats 100 patrons and leased for next 12 years plus a 4 bedroom family home and 1 bedroom studio apartment with Bed & Breakfast potential.
Built approx. 10 years ago and only minutes drive to the Healesville township youll find this long term investment a very popular place for locals and tourists alike. With motivated tenants who love their business with a 12 year lease in place this investment is solid!
4 bedroom family home with wood fire and split system
4.75 acres of land (1.92 Ha)
Tavern is licensed to seat 100
Ample parking front and rear
Large regular local clientele and tourist visitors daily open 7 days
Huge kitchen including Kombi oven, pizza oven, ample fridge space & cool room
Great size bar that has all amenities including 6 beer fonts and coffee machine
Sufficient water storage and water bore
Professional and functional food prep kitchen/area, servery & storage
Current yearly income of $71,068.80 with a 5x5x5 lease in place
Only 10 years old!
The tavern has a rustic appeal with hardwood floors, cozy open fire with picture windows to view the Mountain View vista. Bi-fold windows to bring the outside in on the rear deck is the perfect spot to enjoy and experience the ambience. A local business that has been operating well over 8 years, firmly established in the area and much loved by all who try it out. The client reviews speak for themselves.
Property History for 1390a Myers Creek Rd, Toolangi, VIC 3777
- 05 Aug 2020Sold for $910,000
- 21 Jun 2018Listed for Sale $1,250,000
- 29 Oct 2001Sold for $172,000
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0About Toolangi 3777
The size of Toolangi is approximately 171.5 square kilometres. It has 4 parks covering nearly 84.6% of total area. The population of Toolangi in 2011 was 291 people. By 2016 the population was 331 showing a population growth of 13.7% in the area during that time. The predominant age group in Toolangi is 40-49 years. Households in Toolangi are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Toolangi work in a trades occupation. In 2011, 80.7% of the homes in Toolangi were owner-occupied compared with 88.8% in 2016..
Toolangi has 221 properties. Over the last 5 years, Houses in Toolangi have seen a 53.12% increase in median value, while Units have seen a 88.53% increase. As at 30 September 2024:
- The median value for Houses in Toolangi is $1,087,630 while the median value for Units is $934,392.
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