Two houses and a leased restaurant
providing substantial income

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 Sale Details:

Lew and Pam Bretz have directed that their property and business at 824 Elephant Pass Road St Marys, Tasmania, is offered for sale by Private Treaty, for the best offer above $ 1.25 million dollars plus SAV.

  • the business is currently under lease to the proprietors and will remain so for the duration of the current lease, ie until 2014.  SAV will be determined at that point and is not payable until then.
     

  • From settlement date the new owner/s will be owed monthly rental payments (or the equivalent at other agreed intervals) from the proprietors-as-tenants, effectively reducing the sale price by over $100,000, exact figure dependent on settlement date.
     

  • For a maximum of six months following settlement the Bretzes will require use of the bush shack at 825 Elephant Pass Road for storing personal effects as they ‘transition’ to another residence.
     

  • To protect existing business conditions, all features of the current lease shall apply until its expiry.  From that date the new owner may wish to propose variations on current contractual arrangements or otherwise change operation of the restaurant as they see fit.

 

 Advantages as a Country Lifestyle property:

     Privately Residing at Mount Elephant

     Both residences have kitchens, dining areas, bathrooms (each with a bath) and each with two bedrooms.  The larger residence has its own laundry and a large entertainment area with panoramic views to the Douglas Apsley hinterland.  The front entrance, kitchen and bedrooms all have their own wide-ranging views, including ocean views from upstairs.  The effect is one of being “open to nature” without others intruding on your domestic space.

     When owners are away, the constant occupation of the restaurant at front is a comforting security feature.  There has never been a break-in at Elephant Pass and, until an insurer recently objected, doors were left unlocked overnight—even at the restaurant!  So Mount Elephant is not just a great place to live, but an easy place to leave for without feeling one’s home will be insecure during the absence.

     Peace and Quiet, with occasional tourist sounds…

     At an income-producing tourism property like Mount Elephant Pancakes, tourist influx is a daily occurrence.  Roughly seventy percent of visits occur between Christmas and Easter.  But even with the comings and goings of cars during that period, normally the owner-in-residence is hardly made aware that a business is operating at front.  For much of the year outside that peak period, little activity that takes place that would even be noticed by anyone living in the two on-site houses.

     In and around Elephant Pass…

     An eight minute drive to St Marys satisifies most everyday needs--bread, milk, paper, banking, pub with bottle shop etc.  A satellite dish on the main residence insures internet and other contacts further afield –such as Skype, Austar etc. 

     Ten minutes drive down Elephant Pass is pristine Lagoons Beach, several kilometres in length.  It usually sees few visitors except when surf-fishing becomes an everyday event for summer campers at the nearby campgrounds.   An additional 15-20 minutes drive takes you to Four Mile Beach and other more dramatic landscapes in one direction, or to the charming coastal village of Bicheno in the other. 

     Launceston is 90 minutes from Elephant Pass and is a cosy but commercially convenient-sized town for those who miss certain city assets without wishing to be back in a metropolitan city like Melbourne or Sydney. 

     For more on Launceston, follow THIS link. 

http://experts.realestate.com.au/buying/location-videos-tas-launceston-location-video

     Hobart is 2.5 hours south of Elephant Pass on a coastal highway that passes some of the loveliest coastal scenery in southern Australia, including the breathtaking Freycinet Peninsula and heritage-laden Swansea, with some of the finest continuously occupied colonial buildings in the country. 

     For more on Hobart, follow THIS link.

http://experts.realestate.com.au/buying/location-videos-tas-hobart-location-video

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Contact Details:

Email with questions taslifestyleproperty@gmail.com

or for formal expression of interest:

phillip@raepartners.com.au 
(Phillip Lebski of Rae & Partners Lawyers)
Launceston ph.(03) 6337 5555 
OR PO Box 1257 Launceston Tas 7250

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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