Ideally located on the immediate boundary of the Yarragon Township Plan, this 23.3 acre property represents a prime real estate land banking asset for the future.
With an impressive dual street frontage overlooking Princes Highway and Yarragon-Shady Creek Road as well as only being 450m from Yarragon Railway Station, this block, currently zoned farming, is perfectly primed to absorb the inevitable linear expansion rolling east from Pakenham and Warragul.
For a sophisticated investor or corporate development fund, this property offers the ultimate "hands-free" holding structure with complete tax insulation while you wait for the township boundary to shift.
The property is currently under a long-standing private lease to an active, neighbouring dairy farm. This formal, ongoing primary production activity delivers significant structural financial benefits to the purchaser including land tax exemption, loan interest deductibility and minimal maintenance as the tenant looks after the property.
The existing site infrastructure includes:
- A very rundown 3-bedroom residential dwelling
- Shedding and secure cattle yards
- Excellent flat, cleared, high-quality grazing pastures
Secure a high potential opportunity for the future expansion of West Gippsland at an incredibly competitive per-acre entry price.
For a copy of the Section 32 or to arrange a private viewing of the property, please contact the listing agent today.
