54 Gippsland Street

The property known as 'Wanderers Retreat' is situated on a 698 sqm lot located on the high side of Gippsland Street offering a sunny north easterly aspect, lake views and within walking distance of the towns shopping precinct. The property is of brick veneer construction and comprises a substantial residence on the first floor with two council approved self-contained 1-bedroom flats, a single lockup garage, generous storage void and an office on the ground floor. Apartment 1 located at the northern end of the ground floor and comprises one bedroom with an ensuite (shower, WC and basin), a loungeroom with external access adjoining the kitchen/dining area heating & cooling options are via a reverse cycle air conditioning unit tenanted for the 16 weeks of winter @ $600/pw. Currently vacant. Apartment 2 also on the ground floor and comprises one bedroom with a generous bathroom and an open plan living/dining/kitchen area with external access heating & cooling options are via a reverse cycle air conditioning unit; this unit was tenanted over winter @$600/pw and is currently tenanted with an open ended agreement in place @$450/pw. Main residence - The first-floor residence has 4 bedrooms, 3 bathrooms and was approved as bed & breakfast accommodation but over the 16 weeks of winter 2025 it was tenanted by Thredbo staff @$2,000/pw and currently has an open-ended tenancy in place at $850/pw. The master bedroom includes an ensuite and a walk-in robe while another bedroom shares a two-way bathroom. The main bathroom includes shower, bathtub, vanity and toilet the recently renovated bathrooms enjoy underfloor heating. The living area is 'open plan' with the kitchen adjoining a covered alfresco area with concrete flooring and extensive garden surrounds providing a quiet, private retreat while an external balcony off the lounge offers expansive lake & rural views. The living area has a slow combustion wood heater, fully ducted reverse cycle air conditioning and a ceiling fan to distribute the warm or cooler air depending on the season. Another added attribute is the rooftop solar panels and solar hot water system which reduces mains power usage.