Own a piece of prime snow country for less than $50K, but there’s a catch

There is no bricks or mortar, electricity or shelter but a tightly-held coveted slice of Mount Hotham could be yours for less than $50,000.

So what’s the catch? The prime plot of Victorian snow country is a single car park.

Listed at $49,500, the exclusive car bay at 7/108 Great Alpine Road, Mount Hotham is one of nine set within the in-demand Rangers Apartments development.

The line-marked, numbered car space is accessible via a boom gate all year, and is a stone’s throw from the slopes of Hotham Central, The Big D Ski Centre and The Jack Frost Restaurant and Bar.

Castran Alpine director Lachlan Castran said the car park was rare in that it was the only one available in the current market.

“It is a rarity because you might only get one a year that pops up and that exclusive nature of having a car park up at Mount Hotham is qualitative,” he said.

“To have a centrally located car park that is accessible in all weather is total luxury.”

Mr Castran said owning your own parking spot takes the hassle out of relying on bus schedules, with the added security of knowing your car is safe.

Buyer interest in the listing has been steady and has been from individuals and families who have significant holdings at Hotham, he said.

“There’s two sections of Hotham – there’s Hotham Central, and there’s Davenport, where this car park sits and interest has been derived basically equally from each part of Hotham, and I think it will only be couple of weeks until we transact it.”

At almost $50,000, Mr Castran said the exclusive bay was a bargain.

“When you compare against other capital cities, car parking spots within the CBD, you could say that there’s a real value proposition here,” he said.

In Sydney, the price of a single car space has eclipses the price of many apartments and luxury cars with slabs selling for over $600,000 a piece across inner suburbs, with individual spaces outside the CBD selling for over $200,000.

But alpine car parks remain hot property, with Mr Castran pointing to the recent sale of a private space in Mount Buller’s exclusive White Horse Village, which was snapped up within two weeks.

Car Park C8 at Whitehorse Village Road received multiple offers, selling for above its $158,000 asking price for $165,000.

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