Talk about potential! This conveniently located 35-acre (approx.) parcel with over six hundred metres of peaceful, private river frontage is prime for further development.
Currently comprising 5 crown allotments with a modest 3 bedroom, partially renovated home, and lots of shedding, it is ready to be snatched up as a functional lifestyle property – but with its Rural Living zoning also allowing for subdivision down to 2.5-acre allotments (STCA) this could very well be a small developer’s dream come true!
Set in the popular township of Panmure and only minutes from the general store, Hotel, camping and sporting grounds and swimming hole. This property is well placed with easy access to school buses to both Terang and Warrnambool. It is only 10 mins to the beautiful Hopkins Falls, 10 mins to Terang and 20 mins to Warrnambool.
The humble conite home has 3 bedrooms and 2 living areas with the potential to convert one into a large main bedroom. It has been recently painted and the family bathroom is brand new. The rest of the home is partially renovated and waiting for you to put your stamp on it. Enjoy the mature fruit trees, uninterrupted rural views, and occasional koala sighting!
External improvements include 2 x 3 bay machinery sheds, double length garage, hay stand, old dairy building, cattle yards, a bore running water to livestock troughs and multiple water tanks servicing the home.
The low-lying river flats tend to hold water in the Winter, but they are perfect for hay cropping and cattle grazing in the warmer months. Or sections could be revegetated to include communal river access and walking trail as part of a creative development proposal? So many possibilities! This property presents a rare and fantastic opportunity so close to town.
An adjoining 33 acres (approx.) of vacant land is also on the market. Separately listed for sale, the parcels can be sold together if desired.