Property Details for 824 Elephant Pass Rd, Gray
Last Listing description (September 2014)
The Famous Mount Elephant Pancake Barn
This unique property is located in an unbelievable spot between St Mary's and Bicheno on a mountain pass overlooking the Tasman and Douglas Apsley Park, yet only 10 minutes to beaches and close to all the amenities of a thriving rural township.
The property includes a nationally famous restaurant, a main 2 storey residence built from beautiful Tasmanian timber, a second residence, large workshop, shack, various other buildings and water tanks, and a land holding of 5.46 hectares on 3 titles.
The restaurant is well known throughout Australia and is a real destination point for tourists, It is indeed unique and their pancakes have an envious reputation.
After a quarter-century of excellent customer feedback, the trading figures at this popular site are among the best in the region. The Pancake Barn has what elite investor Warren Buffet calls 'durable competitive advantage' in location, ambience, popularity of cuisine and consistently competent staff and management.
Annual revenue is around $300,000 with a high gross margin.
Investors who would like a country retreat which comes with consistent income, or those who simply wish to add a successful enterprise with residential lifestyle component to their existing portfolio, should seriously consider this property.
A full report is available and an inspection is a must!
www .mountelephantpancakes.com.au/???sale
Property History for 824 Elephant Pass Rd, Gray, TAS 7215
- 21 Feb 2014Listed for Sale 1175000
Recent sales nearby
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About Gray 7215
The size of Gray is approximately 33.6 square kilometres. It has 6 parks covering nearly 63.9% of total area. The population of Gray in 2016 was 69 people. By 2021 the population was 71 showing a population growth of 2.9% in the area during that time. The predominant age group in Gray is 60-69 years. Households in Gray are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gray work in a professional occupation.In 2021, 114.30% of the homes in Gray were owner-occupied compared with 122.20% in 2016.
Gray has 57 properties. Over the last 5 years, Houses in Gray have seen a 53.68% increase in median value. As at 30 November 2025:
- The median value for Houses in Gray is $523,693.
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