- The property comprises six dwellings, with the original Worker's Cottage from the 1920s
- Old Leura Dairy's redevelopment was completed in 2008
- That year also saw the property transition into a commercial accommodation facility
A property with a history dating back to the early 1920s has come to market in the tourist hotspot of the Blue Mountains.
Located approximately one and a half hours west of Sydney, the Old Leura Dairy is expected to fetch above $6 million.
Last on the market in 1997, the property was then developed using recycled materials, and now provides boutique accommodation to visitors of the Blue Mountains.
Leura charms across three titles
Old Leura Dairy comprises three separate lots including two corner lots at 61 and 63 Kings Road, and 36 Mount Street in Leura.
The property provides six different accommodation options across the 3,184 square metres of grounds, including the original 1920s Worker’s Cottage, The Studio, The Straw Bale House, The Milking Shed, and the two wonderfully named Buttercup Barn and Moo Manor – the result of a naming competition, according to the Old Leura Dairy website.
The Worker’s Cottage boasts many quaint features, including fence-paling walls, handmade furniture crafted from lining boards, and original “old time” pieces. The ambience is further enhanced by the presence of timber floors, stained glass windows, and a colour scheme that blends soft pastels and bright hues. The main bedroom, complete with an open fireplace, provides a truly enchanting atmosphere.
“This property could be sold in three separate lots. However, the vendor’s preference is that the entire site be sold in one line and as a going concern,” said Brenton Ebzery, the Principal of Raine & Horne Leura.
“This preference makes sense because the property is achieving high occupancy rates, and there is a shortage of holiday accommodation in the Blue Mountains.”
Post-Covid tourism returns,
According to Destination NSW figures, visitation to the Blue Mountains for the year ended December 2022 was up 36.2% year on year and expenditure was up 53.2%. Domestic overnight travel also rose sharply, going from $420 million in 2021 to $669 million in 2022.
“With the easing of the pandemic and the return of international holidaymakers, the vendor anticipates an increase in annual turnover this financial year,” said Ebzery.
Ebzery noted recent calls for a clamp down on short-stay accommodation could be beneficial for the property.
“This regulation will prove a boon for the incomes of accommodation specialists in this region, such as the Old Leura Dairy,” said Ebzery.
He further added, “The Old Leura Dairy is equipped with a dedicated team responsible for its management and maintenance. The new owner will have the option to decide whether they wish to be actively involved in the business or not.”
A wide range of interest expected
Considering the high demand for holiday accommodation opportunities in the Blue Mountains, Ebzery anticipates that corporate booking agencies will lead the charge of interested buyers vying to acquire the Old Leura Dairy.
In addition, Ebzery foresees interest from wedding and function centre operators and local hoteliers based in the Blue Mountains.
“Furthermore, there is a possibility that a conglomerate of friends and families may pool their resources to acquire the property for private holiday accommodation,” he added.
“Community or religious groups are also likely to show interest, given their search for accommodation options in the Blue Mountains.”
