4994 Great Alpine Road, Ovens, VIC 3738 | Property Value & History | OnTheHouse
 
OFF MARKET

4994 Great Alpine Road
Ovens VIC 3738

Bedrooms: 2
Bathrooms: -
Car spaces: -
Land area: 6602m2
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Property Details for 4994 Great Alpine Rd, Ovens

Building Type
Commercial
Land Size
6602m2
Local Government
Alpine
Lot/Plan
1/TP104800

Last Listing description (March 2020)

EXCLUSIVE TO CRE BROKERS

An Investment Dream!


Outstanding hospitality investment opportunity.

A truly unique offering to the market. The Happy Valley Hotel, Ovens is the complete modern Australian Hotel.

Beautifully renovated and immaculately presented this business demonstrates continued growth and profitability.

Ideally located on the Great Alpine Road with over 1.3 million vehicles and 350,000 cyclists driving/riding past the Hotel annually as well as a regional reputation for the fantastic hospitality experience it delivers.

Originally built in 1875 and renovated in 2016 the Hotel features a public bar, bistro/dining, 2 x function areas, undercover beer garden, footpath trade, parking, first 4 berth Tesla Supercharger in the area, 2 bedroom self-contained guest house and a 3 bedroom owner residence.

* Brand new 30 year lease with new tenant
* Excellent 8.25% ROI
* Meticulous inspection
* Diverse modern food and beverage operation
* Beautifully renovated and environmentally conscious
* Outstanding 3 bedroom owner accommodation
* Vibrant Tourism and food trail location
* Situated on approx. 6,135m2 of Rural Zoned land

An excellent return on investment. All outgoings within the tenancy.

A must to inspect for the savvy investor.

Contact Dan McDonald at CRE Brokers to arrange your inspection of this fantastic property.

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Property History for 4994 Great Alpine Rd, Ovens, VIC 3738

A timeline of how this property has performed in the market
Last Sold
$1,150,000
24 Feb 2020
  • 24 Feb 2020
    Sold for $1,150,000
  • 06 Dec 2019
    Listed for Sale Freehold Passive Investment $1,150,000
  • 27 Jan 2016
    Sold for $445,000
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About Ovens 3738

The size of Ovens is approximately 27.8 square kilometres. It has 1 park covering nearly 17.9% of total area. The population of Ovens in 2016 was 219 people. By 2021 the population was 197 showing a population decline of 10.0% in the area during that time. The predominant age group in Ovens is 60-69 years. Households in Ovens are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ovens work in a managers occupation.In 2021, 75.60% of the homes in Ovens were owner-occupied compared with 72.70% in 2016.

Ovens has 121 properties. Over the last 5 years, Houses in Ovens have seen a 67.39% increase in median value. As at 31 December 2025:

  • The median value for Houses in Ovens is $812,788 while the median value for Units is $802,495.
There are currently no properties listed for sale, and no properties listed for rent in Ovens on OnTheHouse. According to Cotality's data, 7 properties were sold in the past 12 months in Ovens.

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