476 Kareela Road, Penrose NSW 2579

57.03 acres of unutilised land with dual road frontage.
This sensational 57 acre property offers enormous potential for the astute investor.
Located only 2.5kms from the Village of Penrose on a sealed road, 'Everspring' boasts a free-flowing spring of clear, fresh water feeding a stream running through the property to a huge dam (of which approximately a third of is within the boundary).
The property is a combination of cleared level land with good northerly aspect, gentle undulations and terracing down to the creek, and approximately 60% untouched bushland.
Situated well back from the road is a dilapidated 3 bedroom cottage with power connected, water tanks and two large farm sheds. Whilst in disrepair, the dwelling is a valuable asset for any owner wanting to build on the land.
Just 8km from the Hume Highway via the Penrose Forestry Road, and adjacent to the numerous riding trails through the Penrose State Forest 'Everspring' would make an ideal small farm or weekend retreat.
Penrose is a small, tightly held rural village just 9km south of Bundanoon, is on the Goulburn to Sydney "City Rail" railway. There is a strong community, small public school, caf and tennis club.