Villa for sale

56 High Street,

Beechworth, VIC

6 6 5
$1,089,000 WIWO

OPPORTUNITY - 3 LUXURY HOMES

3 LUXURY HOMES: IN BUSINESS ZONE
Wow factor + Location + Income + subdivision potential (STCA). This property offers nothing more to do as a WALK IN WALK OUT opportunity yet still provides so much versatility.
1. CURRENT ACCOMMODATION. Semi- retire and continue as holiday rentals and reap the current 10% return. WIWO.
2. SUBDIVIDE. Developed ready for a Subdivision the process should be simple ( STCA) for the investor or entrepreneur.
3. BUSINESS ZONE. Set in the Beechworth Business Zone, numerous opportunities exist to the astute investor.
4. HOME LIVING. Designed to convert (Kelly & Wright) into one luxurious home with 5 bedrooms/ 5 bathrooms while the in-laws (or outlaws) live in Pickett Cottage.

PROPERTY DETAILS.
Rich in history with the Ned Kelly story, this property will attract the astute buyer. Once the site of the Imperial Hotel where ‘Ned’ and Isaiah ‘Wild’ Wright in 1874 fought a 20 round bare knuckle fight. The result. Ned Won!. Hence the property name of ‘Kelly and Wright Luxury Accommodation’.
Now home to Pickett Cottage (1 bedroom & ensuite with spa), Wright House (2 bedroom & 2 ensuites, one with spa) and Kelly House (3 bedroom & 3 ensuites, 2 with spas). The property offers now luxury accommodation with many period features throughout, such as high ceilings, polished timber Baltic floors, ornate cornices, ceiling roses, and pressed metal kitchen splash backs, ceilings and dado. In addition are some Baltic timber dado and ceilings, period lighting & period tiling are seen throughout. The timber kitchens in each home are craftsmen built and offer great aesthetic appeal. There are simply too many things to list such as open fires, old brick paving etc. To appreciate the quality and significance of this property one would need to see first-hand.
Outside, the 3 homes are set amongst a rose and English hedge garden (full sprinkler system) with the back drop of the 150 yr Poplar trees and Spring Creek which trickles by at the bottom of the landscaped gardens. The property offers a 5kw grid connected solar system that for 9 yrs now has meant no power bills (in fact an annual credit is maintained). In addition is also a solar hot water system (LPG booster) which services the majority of hot water to Kelly & Wright leaving very minimal gas costs. Water tanks, cleverly hidden away feed the garden sprinkler system and toilets to Kelly & Wright. Ready to make changes, the owners wish to pass this property on to a buyer passionate about the properties history or keen to absorb the life style that the holiday accommodation opportunity has. The property is offered as WIWO to the buyer but also leaves plenty of room for increasing income and or to subdivision (STCA).
Last updated: 02:19PM on Feb 18th 2019
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Beechworth VIC, 3747
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