An absolutely outstanding property combining river frontage, lush rich river flats, elevated mountains, native bush, and a small mature pine plantation.
From the banks of the heritage listed Aire River to the very accessible top of the ridge. With stunning views over the beautiful Aire Valley, its lakes and river system, this property has it all.
The free-hold is approximately 263 acres with an extra 23 acres of government leased river frontage, in total around 115 hectares.
A formed gravel all weather road takes you to the top of the ridge affording magnificent views of this beautiful valley, over the sand hills out to Bass Strait.
The property is about 70% bush and 30% pasture and river flats, bordered on the east & north east by the Aire River, the north & north west by the Otway National Park and on the south by the Great Ocean Road.
At the north end there is a substantial seasonal waterfall falling from the ridge near where the Aire River turns to rapids.
While there will be limitations in obtaining a planning permit to build a dwelling (stca) it could be possible to a patient and resourceful buyer. Most of the green pastures are subject to inundation and most of the hills are treed and vegetated which, in the zoning, would make it challenging. Zoned 'Rural Conservation'
Access to this pristine and private setting is from the Great Ocean Road which is located between Apollo Bay and Lavers Hill only minutes to Castle Cove beach and the Aire River mouth.
The drought proof pastures of this property are of prime quality and are much sort after in the district with the added bonus of river frontage and an annual rain fall of around 1000mm. These are currently leased to a local farmer returning $10,000 per annum.
There are 2 additional potential benefits:
1. The harvest of the pine plantation is about $160,000 (Based on the valuation of 2018), this is variable and depending on the timber market price.
2. Another rental income from Optus but still under negotiation is $10,000. per annum plus increasing by 3% per annum,. This is in progress and has not yet signed.
Please enquirer via email and the Vendors Statement and details of the above can be forwarded to you.
