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Huge Price Reduction - Multi Award Winning Olinda Tea House, Wedding, Conference Centre and Flower Farm on 72,720 Sqm* (17 Acres*)Property ID 1546264Unconditional Offers will be considered on one of the most iconic venues across the entire Dandenong Ranges, the spectacular Olinda Tea House presents a ready-made venture ideal for hospitality professionals and astute commercial investors.
Set on over 17 acres, the property's key attraction is its award-winning restaurant/function centre with vast clear-span dining area, commercial kitchen, first-class guest/staff amenities and spacious office facilities.
Designed by Smith + Tracey Architects With a floating butterfly roof sits atop large glazed walls engulfed by timber decking. This eco-friendly and award winning building is oriented to maximize north solar access and superb views down the valley. There are double glazed windows for heat retention and is built with bamboo flooring, compressed timber & recycled timber beams. Solar panels run along the rooftop for energy efficiency.
Other features include vast storage, greenhouses and workshop, plus a well-appointed 4 bedroom/2 bathroom residence complete with its own private driveway and gardens. Around an hour's drive from the CBD in one of Victoria's premier tourist precincts.
Property Features include:-
- Land Area: 72,720 sqm* (17 Acres)
- Tea House Restaurant/Function Centre Area: 476 sqm*
- Residence Area: 185 sqm*
- Green Wedge Zone
- Four bedroom and two bathroom residence
- Two additional function rooms/pavilions
- Decked walkways
- Expansive outdoor entertaining areas
- Landscaped garden surrounds and water features
- Vast storage (under the main building)
- Solar panels
- Leased flower farm - 86B Olinda Monbulk Road.
For more information contact Paul Waterhouse or Stefanie Taylor to obtain the Information Memorandum and Section 32.
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.