A two-bedroom log cabin in Tasmania’s Port Arthur is on the market for offers above $ 335,000, offering a holiday dream surrounded by magnificent natural scenery and guaranteed investment income.
The cabin at 2/6955 Arthur Highway is part of a Tasman Peninsula resort called Stewarts Bay Lodge. Agent Evan Riseley of Petrusma Property Sandy Bay describes it as “one of the most beautiful places in the world”.
“It’s the ultimate getaway,” he says. “Surrounded by 22 acres [about nine hectares] of protected wilderness with crystal-clear bays, sandy swimming beaches and stunning forests full of native birds and wildlife.
2/6955 Arthur Highway, Port Arthur TAS 7182
“The cabin is managed by on-site operators who rent it out and look after the whole place, so the new owners can sit back and have a worry-free income. It’s been grossing as much as $9000 a month in the past 12 months.”
The management agreement allows the owner to occupy the spacious open-plan cabin, which comes fully furnished with a kitchen, bathroom and laundry, for up to 30 days a year.
“The purchaser has the flexibility to opt out of the agreement and hire out the cabin themselves if they wish, or to enjoy a fantastic lifestyle by living in the cabin full-time, subject to council agreement,” Riseley says.
“They can laze on the front timber deck overlooking Stewarts Bay Beach, and it’s a strata title sale that gives access to all the resort’s facilities, including its spectacular restaurant and function centre.
“There’s also access to a family-friendly beach and use of a tennis court, barbecue area, children’s playground, boat storage, jetty and boat moorings.”
The cabin’s income potential is boosted by the famous Port Arthur Historic site a short bushwalk away, to which the new owner will have free admission. It attracts more than 320,000 visitors a year, many of them overnighters.
Other overnight visitors include an increasing number of hikers about to tackle sections of the popular 48-kilometre Three Capes Track, which starts at Port Arthur.
There are three other two-bedroom cabins for sale here, with prices ranging from $327,000 to $390,000. Riseley says their owners are likely to be in a similar situation to his current vendors.
“They have owned it for 15 years with their children, and from their point of view it’s time to move on,” he says. “It’s probably the same with the other cabins for sale; long-term investors who’ve done well with their investment and are now looking to sell.
“We’ve had some interstate interest already. The cabin is an attractive proposition for both Tasmanian and mainland investors, as well as for locals just looking for a perfect holiday destination.”
The cabin is a 90-minute drive from Tasmania’s capital city, Hobart.
Iain Gillespie Iain Gillespie launched Australia’s first television real estate program “House Hunt” on Channel 7 in the 1990s. Since then he has reported regularly on real estate during a multi-award-winning career.
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