This land holding of 7.76 acres offers different buying advantages for the astute purchaser.
Only 1.4 km’s from the town centre of Naracoorte, the property has a small olive grove, old slaughter house, butcher shop and residence.
The 5 bedroom home is fully furnished and is currently used as a boarding house for local workers. A long term secure rental would attract a weekly rental of approx $220.00 – $240.00 per week.
The house has an open kitchen/living/dining room at the front of the house and the laundry has an adjoining storeroom that has also been converted into a 2nd kitchen area. A central bathroom includes a bath, separate shower and toilet, plus there is also a 2nd outside toilet. 2 car garage, carport and 10,000 gallons of rainwater.
The butcher’s shop, with coolroom and small shed, has a long term lease in place and is leased for approx $600.00 per month.
There is also a small olive grove with untapped potential. A great opportunity to market and sell the olives.
An old stone building and yards was originally built as a slaughter house. To restore this building for its original use, would be subject to council consent.
The current Council Zoning for the property is Primary Production and any sub-division would be subject to necessary approvals.
A fantastic opportunity to purchase a property with the potential to positive gear.

RLA 179363