53 Memorial Drive

Eumundi QLD 4562

BEAUTIFUL HOME WITH BED & BREAKFAST POTENTIAL IN GREAT LOCATION
THIS IS A FULLY RENOVATED (INCLUDING ELECTRICS, PLUMBING AND FOUNDATIONS) OLD STYLE QUEENSLANDER COTTAGE, CIRCA 1910, WITH ALL OF ITS ORIGINAL FEATURES AND CHARM COMBINED WITH A MODERN TWIST MAKING THIS A BEAUTIFULLY COSY HOME WITH HEAPS OF CHARACTER AND STYLE. THE COTTAGE HAS BEAUTIFUL WOODEN FLOORS THROUGHOUT, 3 LARGE DOUBLE BEDROOMS, FITTED WARDROBES IN 2 OF THE ROOMS, 1 STUNNINGLY RENOVATED BATHROOM, AS IS THE SEPARATE WASH ROOM, AN OPEN PLAN LIVING/DINING AREA, FULLY RENOVATED FRONT VERANDAH WITH QUILA DECKING, PICKET FENCE, AND A BRAND NEW FITTED KITCHEN WITH 40MM THICK BESPOKE POLISHED QUILA HARD WOOD BENCH TOPS AND A DOUBLE BUTLERS SINK. THE MAIN LIVING AREA HAS A 7.5 KW MITSUBISHI SPLIT SYSTEM A/C. THE HOME IS READY TO MOVE INTO WITH EVERYTHING IN A1 CONDITION AND HAS A WONDERFUL WELCOMING FEEL. SITUATED ON THE EDGE OF THE MAIN STREET RUNNING THROUGH EUMUNDI THE HOUSE IS SITUATED IN A PERFECT LOCATION FOR EASY ACCESS TO THE MARKETS, ONLY A 2 MINUTE WALK, AND IN A PRIME POSITION FOR A B&B. THE PROPERTY SITS ON AN 810M2 BLOCK WITH COUNCIL APPROVED PLANS, (PLEASE SEE PLANS IN THE SLIDE SHOW) TO PULL DOWN THE CURRENT 18M X 9M SHED AT THE REAR OF THE PROPERTY AND BUILD A 2 STOREY STRUCTURE SYMPATHETIC TO THE COTTAGE PROVIDING 4 SEPARATE ROOMS EACH WITH AN EN-SUITE TO BE USED AS B&B ACCOMMODATION. THE GROUND FLOOR ROOMS WILL HAVE THEIR OWN PRIVATE GARDEN AREA WHILST THE 1ST FLOOR ROOMS WILL HAVE A LARGE PRIVATE DECK WITH VIEWS OVER THE SUNSHINE COAST HINTERLAND. THE PLAN IS TO DESIGN AND BUILD THE ROOMS TO A 5* STANDARD OFFERING A QUIET WEEKEND AND MID WEEK GET-AWAY TO VISIT EUMUNDI’S HISTORICAL MARKET AND THE SURROUNDING HOTSPOTS. THE USP IS THE FACT THAT UNLIKE ALMOST EVERY OTHER B&B THE GUEST ACCOMMODATION IS COMPLETELY SEPARATE FROM THE COTTAGE GIVING PRIVACY TO BOTH THE OWNER AND THE GUESTS. THE PLANS FOR THE B&B AND RENOVATION WERE DRAWN UP BY STEVE ARLOM A RESPECTED INDEPENDENT SYDNEY ARCHITECT AND PASSED BY COUNCIL FIRST TIME AT A COST OF $40,000. THERE IS ALSO THE POTENTIAL TO APPLY FOR A LICENSE TO SERVE FOOD AND BEVERAGES ON MARKET DAYS DUE THE CENTRAL LOCATION OF THE PROPERTY. THERE ARE 4 OTHER B&B’S SITUATED IN EUMUNDI ALL OF WHICH ARE BOOKED OUT ON MARKET DAYS, (WEDNESDAYS, SATURDAYS & SUNDAYS). THE MINIMUM OCCUPANCY RATE IS GENERALLY 35% PER ANNUM WHICH WOULD EQUATE TO A $110,000 A YEAR GROSS INCOME. THE COST TO BUILD THE B&B STRUCTURE IS ESTIMATED AROUND $180,000 ALTHOUGH THIS FIGURE WILL VARY DEPENDING ON THE BUILDER AND HOW MUCH THE BUYER IS PREPARED TO GET INVOLVED.
EUMUNDI IS ONE OF THE MOST HISTORIC TOWNS IN QLD AND ATTRACTS AROUND 15,000 VISITORS A WEEK TO THE EXPANDING AND INCREASINGLY WORLD FAMOUS MARKETS. THE TOWN BOASTS A NUMBER OF TOP CLASS RESTAURANTS WITH TREEFELLERS WINNING THE 2007 AWARD FOR THE BEST RESTAURANT ON THE SUNSHINE COAST. THERE ARE ALSO 2 LARGE PUBS OOZING WITH CHARACTER ONE OF WHICH REGULARLY HOSTS THE BIGGEST NAMES IN AUSTRALIAN AND INTERNATIONAL MUSIC. WITH NOOSA AND ONE OF THE BEST BEACHES IN THE WORLD ONLY 10 MINUTES AWAY THE LIFESTYLE AVAILABLE IN THIS QUAINT LITTLE TOWN IS UNBEATABLE.