765 Eltham Yarra Glen Road,
Kangaroo Ground, VIC 3097

This property is open for inspection. In accordance to Victorian Government requirements, only fully vaccinated people will be able to attend the open for inspection for this property.

Undoubtedly one of the most iconic properties in the area, this sound investment boasts multiple income streams and incredible opportunities to further “value add” to the property. Offered for just the second time in 103 years, this property once known as the “Watsons Creek Antique Store and Café” could well be the investment or business opportunity you have been searching for, with diversified and strong commercial returns currently being netted from the lengthy tenancies in place. Set on a picturesque allotment of approximately 7,789m2, the property’s current tenancies include a licensed Café, a residential 4 bedroom home, a AirBNB and a beautiful art gallery.

Located along the scenic route to the Yarra Valley and just 40 minutes to the CBD, this is the only commercial property between Eltham and Yarra Glen. The incredible position ensures strong retail trade for the tenancies from the passing traffic and has a license to operate 7 days a week.
Ample off-street parking, a number of outdoor sheds, copious amounts of tank water and a water boar, dam and lush gardens complete this compelling opportunity.

Café: This Fully licensed café was the original road house and features a large open plan seating area along with an enormous wrap around balcony, outdoor garden seating with views across the creek. An open fire plus split system heating and cooling both internally and externally on the veranda ensures year-round serviceability in the space. Frequently hosting functions and weddings, this space is bursting with character and charm.

Main Residence: This mudbrick masterpiece was built by the Van Eedens, who began operating the property in 1982. Created to provide a welcoming space for the family to retreat too, every detail in the beautiful tri-level home has a story – with the 4 bedroom, 2 bathroom configuration showcasing recycled Oregon beams from Echuca, Jarrah floors reclaimed from the Woolsheds of Melbourne’s yester year and Ironbark supporting posts from the Darling Harbour wharfs. Zoned bedroom accommodation and a north facing aspect complete the wonderful space.

BNB Accommodation: As if the property were lifted from the pages of a magazine, there is little wonder as to why there is such consistency in the bookings for the BNB. Offering a north facing aspect with views across the inground /solar heated pool toward Watsons Creek, this light-filled, open plan space provides 2 bedrooms, one bedroom with a spectacular Asian style bathroom, large kitchen, meals zone and a beautiful lounge room.

Art Gallery: Purpose built from Rustic second hand timbers, Old warehouse trusses, second-hand galvanised iron– the immense ceilings provide an exceptional space for showcasing artworks of all kinds. Below the studio, a large office space with toilet, sink and kitchenette awaits. The ideal space to create the next masterpiece.

A full disclosure statement and information memorandum is available upon request.