Benalla's "Riverside" - A 38.47 Hectare (95 Acres) Rural Property Development Opportunity
Elders Real Estate of Wangaratta is pleased to present an exceptional rural property development opportunity, known as Benalla's "Riverside," located at 240 Kealy Road, a mere 6 kilometres west of the centre of Benalla. This 38.47-hectare (95-acre) estate is a remarkable offering available for sale through Expressions of Interest, marking the completion of the esteemed Balcombe estate.
A Property with Endless Potential Benalla's "Riverside" is a property that caters to a diverse range of buyers, boasting at least four compelling features that set it apart. Under the ownership of the Balcombe estate for over four decades, this property holds a single title, offering an extensive Kealy Road bitumen frontage, with the Broken River reserve forming its rear boundary.
What truly makes this property stand out is its coveted Rural Living zoning, making it highly attractive to developers for subdivision into approximately eighteen or nineteen two-hectare building allotments. The immediate neighbouring property to the north, which was subdivided in the early 1980s, has already been transformed into a flourishing rural lifestyle destination, indicating a strong demand for such properties in the area. Additionally, smaller residential building lots are currently under development or already being constructed nearby, further enhancing Benalla's residential appeal in the western dimension.
The Picturesque Landform is divided into two principal paddocks, both featuring pasture growth and currently accommodating a few steers. Its landform is characterised by level high bank riverside land with direct access to the Broken River, complete with a two-megalitre unmeasured Stock and Domestic water license. Importantly, there are no flood zone or bushfire management overlays on the property.
There are two fully occupied family homes. The primary residence, a meticulously designed two-level brick veneer homestead constructed in the 1980s, offering four bedrooms, two bathrooms, and a total building area of 26 squares. A second home, added in 2009, is a modern three-bedroom timber Neatline transportable home with an area of 10 squares, offering the flexibility for the purchaser to retain it or relocate it as desired. Both homes are spaciously separated and equipped with essential amenities, including septic systems, extensive rainwater storage, and various useful steel garages, workshops, and farming equipment storage sheds.
The homes are surrounded by well-established lawns and gardens featuring mature specimen trees, creating a picturesque setting.
The principal home with its river frontage could be retained in a subdivision plan and, with some upgrading work, could be presented as an attractive, ideal living opportunity, as all services are in place. The second home added to the property in the early 1980s could also be retained and improved or easily relocated elsewhere.
This is a rare offering! Properties of this calibre, with both present farming and future development potential, are seldom available in Benalla. The fortunate purchaser of Benalla's "Riverside" will have multiple options at their disposal. They can choose to keep the property intact for its grazing and pasture potential, maintaining it for farming and rural living purposes. The future development potential is exceptionally promising, with the possibility to redevelop the land into two-hectare lifestyle holdings, given the strong demand for such properties on the outskirts of Benalla. Alternatively, this property can be held as a land banking opportunity for the future.
For additional information or to schedule a viewing of the exceptional Benalla's "Riverside" property at 240 Kealy Road, Benalla, please contact Elders Real Estate Wangaratta selling agent, Michael Everard, at 0408 653 161.
Don't miss out on this remarkable opportunity to own a piece of picturesque rural paradise with endless potential.