324-380 Ibbotson Street, St Leonards, VIC 3223

This significant rural holding adjoins the residential boundary of St Leonards and provides over $40,000 per annum income via telecommunication asset leases. An interesting land banking opportunity or the perfect rural lifestyle located only a few kilometers to the the St Leonards retail hub and sandy beaches of Port Phillip Bay. This versatile acreage is perfect for a variety of uses, including equine pursuits, agistment, livestock, or cropping.

Property Features:

Land Size: 80 acres approx, divided into six 5-acre paddocks and a large balance paddock of over 40 acres.

Water Supply: Reliable dam-fed water to all paddocks, ensuring consistent access for livestock or crops.

Fencing: Secure fencing throughout the property.

Natural Shelter: Mature trees lining the paddock boundaries provide shade and wind protection.

Infrastructure: Two expansive sheds with a combined area under roof of approximately 300m?, ideal for storage or agricultural use.

The Residence:

Set amidst interesting gardens, the home is designed to accommodate a larger family, offering three separate living zones. The lounge room provides garden views and seamlessly connects to the outdoor entertaining space via double doors. A spacious and inviting rumpus room, complete with an open fireplace, creates the perfect setting for entertaining or unwinding. At the heart of the home, the kitchen, dining, and living area is designed for modern family living, featuring split-system heating and cooling to ensure year-round comfort.

The master suite offers a private retreat, complete with a walk-in robe and ensuite for ultimate convenience. Two additional bedrooms also feature walk-in robes.

A unique rural property in terms of its location adjoining the residential boundary of St Leonards. Coupled with the secure income of the telecommunications asset, this substantial holding represents an opportunity not to be missed.