272 Mt Riddell Road, Healesville, VIC 3777

A unique proposition in the Healesville market and one of the few remaining original guesthouses of the region, Mt Riddell Lodge still retains its old-world charm AND income stream! Residential rental income that you can take to the bank to help you create that new lifestyle you've longed to build your future around.

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If you are looking for a home that offers you a healthy monthly income ongoing, offsetting the mortgage costs or supplementing your income, then this property is one to consider. Set on approx five acres, a few minutes drive from Healesville Main Street , the Lodge, Four units ( all currently leased) and various shedding occupy approx 1 acre of the land, leaving the reminder to play with. Room for a horse or two perhaps!

With the floorplan of the Lodge somewhat altered over time, the wide hallway retains original features, with an extra large bedroom to the right. Opposite, the lounge room is a room clearly made for dancing, with lovely floorboards and open space. Sitting behind here is the kitchen with its original Aga stove, which, apparently still works and dining area. Off here across the hall, it a large room used as a storeroom with its own toilet. A family bathroom sits at the rear, along with two bedrooms, which both have adjoining rooms attached. There is potential here to reimagine the space to make it how you need it to function for your needs.

With the welcoming veranda of the Lodge looking out into the rural landscape, it's not hard not to imagine the tourists of yesteryear enjoying the same pleasures living in the Yarra Valley offers today. In its heyday, there were more than 70 guesthouses operating in the Healesville/Toolangi area and the area continues to thrive in every way, drawn to the natural environment, wineries, cafes and shops. A slightly less challenging journey these days, rather than the steam train from Melbourne, and a 2 mile walk from the Healesville Train Station.

While undoubtably there is work to be done to bring the old house back into its glory days, and to maximise return on the units , the advertised price range has already taken this into consideration. To purchase a character home on acreage, this close to Healesville with a strong monthly return is indeed a rarity.

Because of the nature of the property, viewing of the units is limited and will be by appointment only if genuine interest is demonstrated after inspecting The Lodge and surrounding land.

? Land Size- 1.86 hectares approx (5 acres)

? Mt Riddell Lodge - 3 Bedrooms, 1 bathroom

? Unit One - One Bed -Renovated recently, $350 per week.

? Unit Two - One Bed

? Unit Three- One Bedroom with Den

? Unit Four - Two bedrooms

? Total current rental income $4654.85 per month.

? Construction Circa 1920's