2/3 Schultz Avenue, Portland VIC 3305

Located on the corner of Schultz Avenue and Oleria road is Lot 2-3 Shultz Avenue, currently known as South Park Equestrian Complex. This property is situated on 4.02 hectares and is zoned industrial 2, providing a world of opportunity for the new owner. The property is currently set up as an Equestrian Complex, offering adjistment, stables, day yard and more, with a number of tenants and very little expenses, the property currently generates an income of approximately $16,000 per annum (approximately 4.5% return). The property offers six paddocks, each with self-filling water troughs, a main building complete with six 2m x 3m tack rooms, four 4m x 4m stables and an additional two 8m x 4m stables, each with automatic water troughs and sliding doors. To the left of the building is a lockable workshop that houses a tractor with mulcher and spray unit, included in the sale. To the right of the building is a wash bay, complete with hot water. Inside the building there is also a bathroom, complete with shower, vanity and toilet and a kitchenette. The lighting throughout the property are all on timers, lowering the cost of electricity bills. Shultz Avenue is fully fenced, with a recently added exterior kangaroo fence around the entire property. 80 tress have are also a new addition to the property providing a wind break along the fence line. Other features of this wonderful property include an arena and 8 day yards, also available for hire to tenants. This property is ideal for those looking for a profitable investment, or to start their own business, with plenty of space for additional shedding or to build your dream home (STCA). For more information or to arrange an inspection call Portland Seaview Real Estate on (03) 5523 3822.