Blackwood Park at 119 Riverview Road, North Narooma, has eight bedrooms, five bathrooms and four kitchens, divided into four separate holiday rental flats, all under a single roof, with 114 years of history. The residence sits on 5.67 hectares of land, with 1 kilometre of high watermark ownership on the Wagonga Inlet, and is being sold for the first time in 60 years.
The advantage of the floorplan is that it can be easily renovated to create a luxurious residence, rather than four separate holiday rentals, or kept as a viable business for the tourist season. With a private deep water jetty included on the property, it will appeal to boat owners, fishers, whale watchers, yachties and those looking for a holiday rental far from the madding crowd.
The views from the verandah are unparalleled.
The interior of the home has polished hardwood floors in one of the major living areas, while others are carpeted. Removing the carpet may reveal similar hardwood flooring, which would be an ideal and easy renovation. The potential for optimising the floorplan for open plan living is enormous, with the views alone making investing in renovations well worth the potential capital gain.
With four kitchens and five bathrooms, the options are almost unlimited for changes to the floorplan to suit any family, including keeping one or two flats as guest accommodation, to use the property as a business opportunity as a bed and breakfast, or with the private jetty, eco-tourism or fishing or whale-watching tourism business.
The land is also a business opportunity and was once used as a campground on the peninsula area which also hosted a tennis court. The peninsula land has been cleared down the centre, making an ideal campground, or picnic area, or a place to build a Pavillion for swimmers, or a barbeque to cook your freshly caught fish.
The home’s interior living spaces are neat and generous, and the four kitchens are functional and practical. Flat 3, as it is marked on the floorplan, has one-bedroom, a large living room with timber floors, and a large kitchen, and access to the verandah with water views. Entry is from a common hallway, shared with the two-bedroom flats 1 and 2. Flat 4 has a separate entrance, with two bedrooms. There is one shared laundry with external access for all four flats.
The home has some great period features, which could be fully restored to 1906 style, or updated to suit whatever interior decoration colour and style suits your choice. The bedrooms are neat and tidy, in the same good condition as the living areas of the home.
LJ Hooker Sales Agent Steven Hutcheson says the property has the best views he’s seen on the coast, and that the home has enormous potential.
“There’s so much that can be done with this property, in keeping with its history or updating to a modern style,” he said, “and so many different ways to change the floorplan and renovate to suit specific purposes.
“It’s not often you find a property with so much business potential, or which can be used as a family home, or both. Blackwood Park is unique in that respect, and the views are absolutely beautiful,” he said.
“I’m sure people will see the potential in this opportunity, and appreciate the history of the building, which was a prestigious guest house in the region in 1906,” he said.
Expressions of interest in this beautiful waterfront property are open until 12 August 2020. If you would like further information, or to book a private inspection, contact LJ Hooker sales agent Steven Hutcheson on 0407 226 603 or email.
Original Article published by Sharon Kelley on The RiotACT.