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532 Black Mountain Road
Black Mountain, Queensland, Australia

Description

Over 20 years, this property - originally one home on top of a hill and surrounded by almost 40 hectares - has been carefully developed into a popular accommodation business with the addition of 3 charming cottages, nicely spaced for privacy. Two of them have 3 bedrooms (one is wheelchair friendly) and one has 2 bedrooms. All have stunning views and are pet friendly with gated verandahs to allow you to go off to the local markets or the beach. Approval has been granted for 2 other cottages, with a possibility of more.

The spacious one level brick colonial style 293 sq mt main home is entirely tiled with an imported Italian porcelain tile. A large solar heated pool alongside is for the use of owners and guests. The home is surrounded by a 223 sqm verandah and two acres of easy-care flat lawns and gardens and includes an attached double garage with double carport, 58,000 gallons in water tanks and a bore. The photos and video display the home's unique features and many comforts, which include wireless NBN. Panoramic 300 degree "million dollar" views toward Mt. Cooroora and distant landmarks in every direction are repeated in the lower acreage where the three cottages, a second large machinery garage, parklands, rock pond with waterfalls, gazebo, boardwalk, native tropical gardens, arboretums, 4 kms of bush walk or horse riding trails, fenced paddocks with dams, power supply and asphalt private driveways have been added. The home area is distant from the cottages area, distinctly providing separate space and privacy for both the owner and cottage guests. This area is particularly suited to functions as there is space for large groups. The owners have not pursued this aspect of the business in any way.

Each 2 or 3 bedroom custom-built cottage (which many describe as "holiday homes") is 80 sqm (the maximum Noosa Council size) with existing approval for two future cottages (+more with Council approval).The award-winning three cottages are "self-contained", each with private lounges & laundries, complete kitchens, dining rooms, gas bbq patios, verandahs, double carports and native gardens. The cottages' sale value component consistently provides an 8-10% annual NET return, not including the property's additional capital appreciation.

The new owner might continue or expand the GST-free complete sale of the current holiday cottage "part-time" and "lifestyle" enterprise, always solely managed and maintained by its two owners. Other income options include converting the cottages to long-term rentals, capitalising on wedding venue requests, increasing livestock or agistment uses, or using the cottages for other business purposes (e.g. wellness, rehab) or corporate retreats. The cottages might also serve your extended family needs or the property entirely converted to a private family estate with four homes on one title.

The remaining 90 acres are fenced, naturally maintained by grazing cattle and horses, comprising six paddocks and six dams, a livestock shed and an all-seasons creek rendering this property drought-resistant. A feature of the paddocks are the miniature horses, loved by children and adult guests alike.

An 8 minute drive to the shops and businesses of the lovely country town of Cooroy, 20 mins to Noosa, 35 mins to Maroochydore CBD, and 1½ hour to Brisbane CBD or airports. Cooroy is adjacent to the Bruce Highway with two exits access and the Queensland Rail station for the Noosa area.

Retirement awaits the current owners explaining this "once in a lifetime opportunity" for the new owner, the property's second time on the market in thirty years. This is a rare trifecta; 1) prestige home with remarkable views, 2) self-managed "lifestyle hobby business" with established and reliable income stream (including all furnishings, equipment, forward bookings), and 3) developed substantial Noosa acreage, all three quality components for one combined price and a unique opportunity. No coastal or urban home property will ever offer the space, privacy, peace, safety, views, communion with nature, relaxation, natural beauty and controlled lifestyle income than this rural gem. Substantial price reductions have already been made to "meet the market" adding to this purchase opportunity for the qualified affording buyer.

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Tom Offermann Real Estate

Tom Offermann Real Estate
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