High Plains Lodge in Dinner Plain sells for $1.1 million in hotly contested snow auction
High Plains Lodge in Dinner Plain has been sold for $1.11 million under the hammer.
There were four keen bidders who drove proceedings from an opening bid of $700,000 to $1.11 million.
Colliers International agents Hamish Burgess and Jeremy Gruzewski, in conjunction with John Castran of John H. Castran Real Estate, had the 185 Big Muster Drive, Dinner Plain property listed under instructions from HLB Mann Judd.
“Following a recent price correction in alpine property, there is now lively interest from cash buyers looking for owner-operator and lifestyle opportunities,” Burgess says.
Gruzewski says the campaign generated more than 30 enquiries from across Victoria and interstate, with one would-be buyer bidding over the telephone from Perth.
“This sale represented a genuinely unique opportunity to acquire a substantial alpine freehold property at a very attractive price point,” Gruzewski says.
The 18-room lodge near Mount Hotham comprises 18 ensuite rooms, along with a manger’s quarters, balcony areas, a licensed bar/restaurant, commercial kitchen and conference room.
The 1,375-square-metre lodge is a short distance from Mt Hotham by car or shuttle bus, and was about 10 minutes from Mt Hotham Airport (QantasLink).
Burgess says local and interstate owner-occupiers had shown keen interest in the property, which had been expected to attract bids in the vicinity of around $800,000 plus.
The property was being offered with vacant possession and as a going concern. The agents weren’t able to go into detail about the purchaser.
