Alpine real estate
RT EDGAR has an opportunity for someone to create the lifestyle change they’ve always dreamed of leading at a premium Alpine site at Mt Hotham.
Alpine Heights was refurbished in 2003 and includes 13 stratum titled self-contained apartments, 17 stratum titled “Chalet” or studio rooms and a ski hire business.
Located close to the village hub, Alpine Heights is one of the highest properties in Mt Hotham, boasting unparalleled views across the Dargo Valley.
It’s a close walk from Alpine Heights to all other amenities in the resort including the village bus, bars, restaurants, shops and supermarkets.
With the refurbishment of the building a new alpine head lease was granted by the Mt Hotham Resort Management Board to 2053.
There are 23 different apartment owners in the building (some own more than one apartment) and 126 beds in total.
This business is responsible for the management of the Alpine Heights complex including staffing, bookings, cleaning, maintenance and marketing.
The business has grown substantially in a short time.
Of the 30 apartments and chalets within Alpine Heights; 17 are managed under management agreements with Alpine Heights.
Management agreements have no expiration date (generally expire at the end of head lease date which is 2053).
A breakdown of purchase options, detailed accounts is available on request.
Alpine Heights Management Mt Hotham is being sold as a “going concern” with the existing management business and income streams from commercial cleaning and maintenance on apartments and common areas via the body corporate, ski hire business 1 bedroom, 1 bathroom manager’s apartment (lot 11A), spacious 2 bedroom, 1 bathroom staff apartment (Lot 11B), and 2 bedroom, 1 bathroom apartment in holiday rental (Lot 2).
PRIME ALPS LOCATION: Alpine Heights contains 30 apartments and chalets and is situated in a prime position within the Hotham resort and represents a wonderful opportunity for anyone wanting a dream lifestyle.