Numbers could stack up for Dandenong Ranges pancake restaurant

A flipping tasty deal has hit the market in the Dandenong Ranges and, if the numbers stack up, it will be a sale to waffle on about.

A restaurant in the heart of Mt Dandenong’s tourist hotspot is ready for its next venture with the tranquil site offering numerous business opportunities.

The well-known building at 1381 Mt Dandenong Tourist Rd is currently home to cafe Canadian Pancakes, with the property to be sold as a freehold with the parlour’s lease.

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It has a $695,000-$750,000 price guide.

The picture-perfect property is nestled among exotic gardens on a 1970sq m block which features sculptures, water features and private outdoor dining areas.

The well-known property at 1381 Mt Dandenong Tourist Rd, Mt Dandenong is home to Canadian Pancakes.

It has a $695,000-$750,000 price tag — do the numbers stack up?

Inside the main floor has a large dining space, bar, bathrooms, a commercial kitchen and covered alfresco area outside.

The lower level consists of a self-contained one-bedroom unit.

Fletchers Yarra Ranges agent Richard Wines said the building had an old-world feel to it and could be used for weddings, as a function centre, restaurant or cafe.

“It’s a good investment, it will never go down,” Wines says.

The building is nestled among exotic gardens.

The site could be flipped into a range of business ventures.

“The hills are solid in the sense that people always want a tree change.”

The property is located opposite the popular and internationally renowned William Ricketts Sanctuary.

Ricketts was an Australian potter and sculptor who spent a lot of time living with Aboriginal communities, with his work a reflection of that.

The sanctuary features more than 90 sculptures which are carved into rocks and tree trunks — a few flow onto the restaurant’s property.

It is opposite the William Ricketts Sanctuary.

“The sanctuary is one of the biggest drawcards up on the mountain, thousands go up,” Wines says.

“The restaurant has some noted sculptures in it from William Ricketts which are heritage listed.”

This article from Leader Newspapers originally appeared as “Flipping good deal in the Dandenong Ranges”.