20 Happy Go Lucky RoadWalhalla VIC 3825
Property Details for 20 Happy Go Lucky Rd, Walhalla
Last Listing description (February 2022)
The Coach House and Stringers Cottage together provide a unique business opportunity for a smart buyer. The successful purchaser will not only be buying two unique properties, but also a very successful holiday rental accomodation business built up over 12 years, and all the infrastructure, clients, and goodwill that comes with it. Inspection by appointment only.
Occupancy rate averages 75% for both properties across any given year and ROI is 12% gross, 6% net (2018/19 financial year). Even during the 2019/20 bushfires and Covid-19 (2019/20 financial year) this property has performed well, with ROI of 11% gross, 6% net. Records are available on application to serious buyers.
This property is on an ongoing License holding issued by Victorian Department of Environment, Land, Water and Planning. This means that there is no stamp duty applicable on the purchase of the property, but a bank will only lend a maximum 20%.
You will be buying the house and cottage fully furnished, generator shed, water tanks, solar and gas power generation infrastructure newly installed in 2021, and the government licence to the land on which it all stands, plus the intangible goodwill value of this successful business.
The Walhalla Coach House is a double storey, 3 bedroom, 2 bathroom family holiday home located in the beautiful Walhalla valley, and will accommodate up to 8 people comfortably. It is private and secluded, yet only a short walk to the historic town centre. It is solar powered and eco friendly with gas appliances including gas hot water and heating and a backup 8KVA Generac Generator which provides battery back up for the electric lights and power. Gas bottles are topped up monthly by Elgas.
The house is cosy in Winter and cool in Summer, and is nestled in the shady Stringer's Gorge overlooking the historic Walhalla railway line and tourist train.
The property also includes a 2nd residence, also a very popular rental, the single bedroom free-standing Stringer's Cottage. This cosy cottage has a galley kitchen, with gas oven, cooktop and fridge. There is a bathroom with shower, and seperate toilet. The cosy bedroom/sitting room has a wood fire and 2 fireside chairs. There is a covered porch overlooking Stringer's Creek, famous for its alluvial gold during the gold-rush heydays in Walhalla.
Like much of Walhalla, the land is not freehold, but the right to occupy the land in perpetuity is government guaranteed through the Licence agreement. The property is registered with the Shire of Baw Baw.
The Phone Code for this property is: 13107. Please quote this number when phoning or texting.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 20 Happy Go Lucky Rd, Walhalla, VIC 3825
- 30 Mar 2020Listed for Sale $595,000
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0About Walhalla 3825
The size of Walhalla is approximately 101.2 square kilometres. It has 2 parks covering nearly 72.6% of total area. The population of Walhalla in 2011 was 324 people. By 2016 the population was 13 showing a population decline of 96.0% in the area during that time. The predominant age group in Walhalla is 50-59 years. Households in Walhalla are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Walhalla work in a managers occupation. In 2011, 80.5% of the homes in Walhalla were owner-occupied compared with 130% in 2016..
Walhalla has 164 properties. Over the last 5 years, Houses in Walhalla have seen a 58.85% increase in median value. As at 30 September 2024:
- The median value for Houses in Walhalla is $373,891.
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