508 Mount Dandenong Tourist Road, Olinda, VIC, 3788

SoldMay 24, 2022

508 Mount Dandenong Tourist Road, Olinda, VIC, 3788

$2,000,000

3.87 ha.

House

•

30+ days on the market

Sold: May 24, 2022

What's around 508 Mount Dandenong Tourist Road

Cuckoo - Iconic Restaurant Reception Freehold

The landmark Cuckoo Restaurant and wedding reception freehold set on 9.5 acres in the Dandenong Ranges is a family operated business established in 1914 and offered for sale for the first time since 1958. A destination event reception centre for locals and visitors alike, this established and lucrative freehold business is a once-in-a-generation offering not to be missed. This iconic tourist destination is synonymous with the local landscape and listed as a "must do" Victorian experience alongside Healesville Sanctuary, Puffing Billy and the Phillip Island Penguins. Once the site for selling fresh strawberries and cream to passers-by in horse-drawn carriages in the 1890s, to serving over 7 million customers under The Cuckoo banner, this unique property is unparalleled in the State and country-wide. Set on 3.89 hectares approx. (9.5 acres) of gardens that wait to be rediscovered with 3 distinct titles/entities that allow for future possibilities subject to council approval. With car parking on site for in excess of 400 cars and all the infrastructure to operate a facility of this size, including emergency generators, septic systems and ample shedding. Located 400 meters from the Olinda township and 1.5 km from the Sassafras township to capture the beauty and convenience of the Dandenong Ranges but only 50mins from Melbourne, makes easy access for day trippers and tourists alike. The building has to be seen and walked thru to be appreciated in its full grandeur. Starting as a small cottage and growing to its current size over the generations of three levels. Seating for over 400 patrons and kitchens that match. Purchase the freehold and restart the business in the same Bavarian theme or reimagine. Restaurant upstairs, wedding reception on the middle level or maybe a microbrewery into the beer gardens. Options aplenty. Ideally suited to the person who wants to operate a restaurant but possibilities to lease or redevelop. Note that this has been one of the most successful restaurants in Melbourne with a previous turnover in excess of $5 million.Land: 3.869 ha