112 Sandy Point Road, Balnarring VIC 3926

This highly desirable 50-acre property includes a fully renovated, four-bedroom home presenting in pristine condition. Part of the property (around 20 acres) carries planning approval for a 16 bay golf driving range and associated hospitality services.

It provides a simple but comprehensive package for the right investor, whether based locally or overseas. Consider the opportunity and benefits offered:

Investment Strength:
• Zero land tax under the current holding structure.
• The potential for significantly higher income generated by the approved driving range compared to traditional grazing or agistment options.
• Flexible use of the existing 4-bedroom dwelling as a permanent family residence, holiday home or a premium holiday rental.
• Option to build an additional 60sqm dwelling to house onsite management.

Foreign Investment Friendly:
• Current legislation restricting the purchase of Residential properties does not apply to the purchase of Agricultural land.
• The development of commercial infrastructure to facilitate an ongoing business may assist in meeting specific migration criteria.
• Strategic Land Banking potential exists given the property's close proximity to Balnarring Village, Bittern Village and Somers Village, all designated growth areas.

The lush pastures shared by the Tulum Creek wildlife corridor, are free of internal fencing offering a blank canvas for paddock design and use of the remaining 25 usable acres. Horse related activities, grazing livestock, farming and associated agricultural pursuits are all possible and viable options.

The four-bedroom dwelling includes a main bedroom with ensuite and WIR's. A generous north facing living space integrates a designer kitchen, dining space and lounge all accessing an expansive merbau deck. There are stunning vistas to the native garden, small orchard and substantial lake with island access via a footbridge and glimpses to the distant paddocks beyond.

Private and located close to Coolart Wetlands and local Beaches, just moments from Balnarring Village and services and only an hour's drive from the City of Melbourne.

Property features Include:
• 100m all- weather crushed rock and gravel driveway plus an additional 500m of road providing access to shedding and main paddocks beyond
• Mains water
• New 8.5Kw solar installation (battery ready)
• 8 megalitre lake with footbridge access to island
• Boat jetty
• Bore water accessed at 60m depth
• 2 x concrete water tanks with approx capacity of 80,000 litres (as reserve storage)
• 20 fruit trees (various) and extensive plantings with watering systems in place
• Conifers border all boundaries providing both privacy and wind protection
• 1 gable roof shed 18m x 7m. Fully lined and divided into workshop storage space and games room
• 1 skillion roof shed 20m x 6m for machinery storage
• 1 skillion roof shed18m x 6m for hay storage
• I timber Potters shed/hot house
• Front and rear garden up lights illuminating larger trees

The Dwelling
• Around 200sqm rendered brick and Colourbond roof fully renovated and in excellent order throughout
• 4 Bedrooms, main with ensuite and WIR
• Large family bathroom
• North facing open plan kitchen and living areas with immediate access to the merbau timber deck
• Extensive vistas to the grounds and lake.
• All electric gourmet kitchen with Fisher and Paykel induction cook top a 2 draw dishwasher
• Second living room (snug)
• All windows and doors double glazed
• Reverse cycle ducted heating/air con as well as evaporative cooling
• Regency wood heater
• Tassie Oak floors
• LED lighting throughout
• Adjoining 2 x double garages with auto doors

The Location
• Directly opposite Luxton Drive, the original entry to Coolart Wetlands homestead and approx 2 km level walk with beach access
• Shared bike path/ footpath opposite provides a 20 min level walk to Balnarring Village
• 200m to local bus stop on Sandy Point Rd to Hastings and beyond

Rare upside in the Green Wedge Zone
• The property has planning approval to construct a 16 Bay golf driving range (with accompanying service facilities).

A comprehensive information pack is available on request

The Phone Code for this property is: 66412. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.