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Cabbage Tree Creek, 17 Old Princes Highway

Investment opportunity in Cabbage Tree Creek.

$415,000

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Listing Number: BRN2496
About this listing
If you are genuinely, and seriously, looking for the ultimate tree change, with the ability to accommodate extra family members, and or a generous income earning capacity during retirement, or purely an investment property with a current yield of approximately seven percent, then this is surely an opportunity not to miss. Located on the Old Princes Highway, and right in the heart of the tranquil Cabbage Tree Creek in East Gippsland, is this delightful parcel of land that has three good homes all on the one title.
Known as thirteen, fifteen and seventeen Old Princes Highway, two of the homes, seventeen and fifteen, have been totally renovated to an excellent standard incorporating a modern zest into the faultless old hardwood frames, whilst thirteen is original and still rock solid with its 50's charm.
Number seventeen features; three bedrooms, kitchen with new electric ceramic cook top, rangehood and under bench oven and new dishwasher. Open plan kitchen, dining, lounge with walk in linen storage, large combustion wood heater and new floor coverings throughout. New blinds, light fittings, doors and fittings and has been painted on both the interior and exterior, and has been complemented with a new outdoor area and small garden shed and fenced vegie garden area.
Number fifteen features; two bedrooms, kitchen with new electric ceramic cook top, rangehood and under bench oven all in an open plan kitchen, dining, lounge. Inbuilt combustion wood heater with new floor coverings throughout the home and is complimented with new blinds, light fittings, doors and fittings and new bathroom fixtures. The home is painted both internally and the exterior, and outside is a secluded front veranda and small garden shed.

Number thirteen in its original form is two bedrooms, freestanding slow combustion wood heater with electric cooking, original hardwood doors and laundry tub, semi enclosed outdoor area and wood shed.

All three homes have old hardwood frame sheds to the rear of each dwelling for storage and all are on mains power with a sewage treatment plant accommodating all, and new hot water systems and a five-thousand-gallon tank plumbed on each for domestic water supply. All are currently rented with a healthy rental return.

The location itself boasts quiet rural views and has established trees around the grounds with some fruit trees. There is local a school bus service, mail delivery, rubbish and recycle collection and public transport running Melbourne to Sydney 100 meters away and is approximately 20 mins from the local hub of Orbost. Close to fishing and camping hot spots could make this an ideal air b&b.

All inspections are strictly by appointment only, so if this is what you have been looking for call Michael Enever 0458272797.

Property Information
  • Land Size: 0.87 Ha
  • Property Type: Acreage/semi rural, House

Contact Details

Harcourts Bairnsdale

Suite 2, 26a Bailey St
Bairnsdale

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