Long regarded as one of the Shoalhaven’s finest historic residences “Illowra” was designed by Howard Joseland and built in 1906 for the late MF Morton, MLA. Beginning in late 1990′s and completed recently, a restoration and extension program began and with meticulous attention to detail further enhancing the grace and elegance of this Edwardian masterpiece.
It occupies a 5122m2 parcel of land just minutes from Nowra’s CBD and 17kms to Berry with any of a number of beaches close by.
A home to be admired and treasured
The six bedroom homestead has an amazing amount of living space. The formal lounge and grand dining room both have open fireplaces while there is also a family room, library, two sunrooms, informal meals area and the glass conservatory. Several of these spaces are set up as bedrooms allowing the house to sleep up to 20 guests at a time.
There are four bathrooms in the home with two located on each level and two being ensuites.
This masterpiece features include 14ft ceilings downstairs, huge country style kitchen, fully ducted reverse cycle air conditioning.
For extra accommodation there is a self-contained flat above the oversized triple garage (with storage room and cellar) which provides another two possible bedrooms, kitchenette and bathroom.
A property with a world of possibilities
The 12.5m gas heated pool and spa can be utilised all year round. This is of great convenience after playing a game of tennis on the full size court. The beautiful gardens, with many trees, hedges and flowering shrubs over 100 years old, are well supported with a watering system throughout the property. And of course Illowra property boasts several courtyards and barbecue areas.
In owning Illowra you could have either a very successful holiday rental business proposition or one of the Elite Homesteads on the South Coast. The gross income for 2013-14 was just under $200,000. At the asking price this represents a gross return of approx 14%.
The property is being sold as a going concern as the owners want to honour their current bookings which are up to June 2015.
Figures and inclusion list available upon request with most of the furniture and equipment included in the sale.