5 Harcourt Crescent, SMITHS LAKE NSW 2428
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- Hotel / Leisure
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- 2 x Onsite parking
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- 31 Mar 2017
Harcourt Holiday House
The village of Smiths Lake is on the majestic lake that gives it its name in the Great Lakes area of the Mid North Coast region of NSW at approximately 274 km north of Sydney. It is on the northern edge of the lake midway between Myall Lake and Wallis Lake at a short 25 min drive from Foster and 1h 40 min from Newcastle CBD. Bounded by National Parks, and surrounded by water, Smiths Lake is a popular holiday destination for families. They visit to enjoy outdoor activities including beach walking, bush walking, bike riding, fishing, kayaking, diving, and surfing. They also come for swimming in the warm, calm waters of the lakes or the fantastic nearby ocean beaches of Blueys Beach, Boomerang Beach, Elizabeth Beach or local Cellito Beach where an impressive sandbar formation separates the lake from the ocean.
The house is a short 7 min walk to the local shops, where you can find a butchery, a bakery, a general store, a bottle shop, a hairdresser, a takeaway, a convenience store and a real estate agent. It is a 3- minute drive to Frothy Coffee Boatshed and its surrounding picnic and swimming areas and 5 min drive to the local bowling club.
This architect designed brick home, built circa 2005, is on an almost rectangular block of land of some 990 m2. It is in a quiet street and is accessed via a paved driveway that leads to a remote controlled double lock-up garage and an impressive entrance.
The vendors currently use the house for holiday letting. They offer comfortable accommodation for up to 16 guests across five mixed-configuration bedrooms and a stand-alone games room and studio.
The interior of the main house has interesting architectural features such as pitched high ceilings that give a sense of space, large windows that bring in plenty of light and a playful distribution of levels across the property. For instance, a short flight of stairs leads the guests from the entrance foyer to the front of the house which consists of a large and open living area, another small set of stairs lead to the dining area and a fully equipped kitchen that has modern appliances and a granite bench top. The dining area opens through sliding doors to a delightful palm covered paved pathway that leads to the backyard.
To the right of the living area, a delightful loft is perched high as a second seating area with its outdoor deck. A second much larger and covered deck (another impressive design feature of the house) is also accessed from the main living room and provides an outdoor dining area along with pleasant outdoor seating arrangements.
The sleeping quarters are past the kitchen and consist of three queen bedrooms (the main has a walk in wardrobe, a built-in, and an ensuite), and two additional bedrooms equipped with two single beds each. All bedrooms are carpeted and have built in wardrobes. There is also a modern bathroom and a laundry. From there, guests find to their delight the main attraction: a private saltwater swimming pool as well as a heated outdoor spa for everyone to enjoy.
The main house has a split air conditioning system and ceiling fans for comfort during hot days and underfloor heating in the bathrooms and kitchen for winter. There is also a 3kw solar system that brings in monthly electricity rebates.
The adjacent two-level building comprises of a large games room on the lower level and a loft studio on the upper level with one queen bed, two single beds and a double sofa bed. The games room contains a TV area, a bathroom, and a kitchenette as well as an 8 x 4 slate pool table, a table tennis table, a hockey table and a soccer table.
The house has been offered for holiday letting since its construction and has enjoyed annual increases in revenue with many repeat guests and a growing positive reputation. Peak season bookings are solid with most Christmas, public holidays and school holidays booked out in advance. The balance of the year is mostly made up of weekend bookings and some weekly bookings.
The main target market is families and large or small groups since it is one of the few holiday houses in the area with large sleeping capacity. The swimming pool and spa are great added points of difference as well as the inclusion of toys and entertainment options. The vendors offer their guests full home inclusions (including all baby needs), privacy, comfort and outdoor settings, which has proven popular with a great mix of guests.
The holiday letting business is run remotely from Foster with assistance from local cleaners. The average business turnover over the last five years was $77,886 with further upside potential via wider distribution and additional promotion.
The current business lacks a website, and the vendors only promote the business on a handful of holiday letting sites. There is an opportunity to gear up the business presence and promotion and increase occupancy.
The freehold and the business are offered for sale on a walk-in walk-out basis with its full inventory and forward bookings. The inventory list is extensive and includes five golf sets, four-wave skis, widescreen TVs, DVD player, surround sound system, play station, Xbox, fridge, freezer, dishwasher, washing machine and many more inclusions.
Fantastic holiday house with full inclusions close to the lake and the famous beaches of the Mid North Coast, with plenty of indoor and outdoor activities on offer for the whole family. The house design is interesting and uncommon with several living and sitting areas. The offer is an opportunity to acquire a solid property with easy holiday letting income or the chance to own a second or permanent home in a relaxed and beautiful part of NSW.
INSPECTIONS ARE STRICTLY BY APPOINTMENT.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
5 Harcourt Crescent SMITHS LAKE