Located within the East Gippsland Lakes and Ninety-Mile Beach tourist hotspot, this truly outstanding and valuable, Coastal and Country lifestyle development site is a rare find. Set within beautiful established gardens, it’s further complemented by a natural farming landscape. Exclusively marketed by ADP Developments’, Andrew Palmieri, this site known as Tambo Lifestyle Village, consists of 6 acres of highly sought after land with 12, existing residential properties which currently boasting a walk-in yearly residential income in excess of $70K net, with potential improve to $130K PA.
This unique offering is prime for a substantial development with an unprecedented opportunity to create an outstanding combined coastal and country footprint. Currently, Permit Ready for a Multi-Unit Residential project along with the option to alter the existing properties – these properties have already undergone a vast infrastructure upgrade in addition to providing essential services for future development, which can be undertaken without interfering with existing properties/residents.
This property has a prominent main road frontage enjoying exposure to the Princess Highway plus dual access to Robertsons Road. Favourably, East Gippsland has Approved Residential Use Rights within its planning scheme. A big plus with this offering is that the 12 independent properties are saleable for an overall estimated market value of $2.3m.
Idyllically located in a farming zone only 7-minutes to Ninety-Mile Beach and within close proximity to the famous fishing town of Lakes Entrance - home to one of Australia’s largest fishing fleets. Kalimna is a sought-after location for both retirees and families seeking to live and holiday in a tranquil rural and coastal area with a large emphasis on water sports and many other recreational offerings.
“With its outstanding coastal and country footprint, this rare Permit Approved 6-acre offering really is an unsurpassed development opportunity - when you consider its size plus the flexible investment options with the advantage of an on-going income” Andrew Palmieri, ADP Developments.
Summary:
- An unmatched 6 acre Coastal and Country landholding ready for a stunning development
- Permit Ready for a Multi-Unit Residential project along with an option to alter existing 12 independent properties
- Development Ready without interfering with existing properties/residents
- Current walk-in yearly residential income in excess of $70K net, with potential improve to $130K PA
- 12 independent properties are sellable for an overall estimated market value of $2.3m.
- Only 7-minutes to Ninety-Mile Beach and close proximity to Lakes Entrance
Please note that all financials, measurements and distances quoted are approximate only.
64 ROBERTSONS ROAD, KALIMNA WEST is For Private Sale.
For further information, please contact ADP Developments: Andrew Palmieri: 0408 824 289
Or Visit the live campaign here: https://www.developmentready.com.au/properties/64-robertsons-road-kalimna-west-3909
