2 Mount Street

Kelmscott WA 6111

This property has enormous untapped potential from its 3 income streams (could be more).
* Accommodation Units
* Commercial Rentals
* Hotel, Restaurant & Function Facilities
Situated on 7.5 acres of rural living land, on the banks of the Canning River (over 600 metres of Canning River frontage)this is a stunning location that is almost impossible to replicate:
Briefly the property offers :
: Magnificent Georgian style double story main residence
: Hotel/Restaurant/Reception & Function centre
: 20 Self Contained Accommodation Chalets
: Managers Residence
: Huge Services Shed
: Commercial Rental with Day Spa & Herbal Medicines
: 7.5 acres of land unsurpassed in beauty with 100 year oak trees adorning the river banks
: Additional land for expansion
The Hotel/Restaurant & Function centre is located only meters from the Canning River and you can literally dangle your toes in the river as you sip your coffee . With all today's red tape you could not replicate this property and therefor it is going to remain truly unique for a long long time to come.
The business only started in 2014 and already this year the annual turnover looks like exceeding $1.5 Million and the owners have not exploited the full potential of the business or property it at this stage.
If purchased by an experienced tourism /resort operator the boundaries would be limitless.
EBITD (Approx)
2015 $265,000
2016 $326,000
2017 $520,000 ( estimated)
With these numbers it make the return on investment when you are also living on site extremely positive.
In summary you have a river front property in the Perth Hills with a huge main home with a thriving profitable business and a load of other fruit and its only $5,800,000.
This is a super impressive property with an untapped upside with all the hallmarks and ingredients for success.
Contact Mike Dunsmore 0413 754 110 for private viewing