Lang Lang VIC 3984

Located at Lang Lang in the burgeoning Cardinia Shire, approximately 88km / 1hr 15min* south-east of Melbourne's CBD, these two adjoining properties totalling 77.89ha* provide a host of forward opportunity for the astute investor.

These two adjoining properties, each with their own dwelling, on the fringe of Melbourne will be well sought.

The 47.56ha* Duberkes Road property is currently generating income through a residential lease agreement and separate agricultural lease agreement. The 30.33ha* Kettles Road property has a similar arrangement in place for both residential and agricultural leases.

Open to offers above $2 million, the Duberkes Road property features:

• A modern 4-bedroom home with return verandah.
• A 3-bay enclosed garage of steel, Colourbond and concrete construction.
• Numerous outbuildings and cattle yards.
• 3 x 25,000 litre water tanks.

Open to offers above $1.5 million, the Kettles Road property features:

• The original farm cottage of two bedrooms.
• A 4-span enclosed shed of steel and Colourbond construction.
• 1 x 25,000 litre water tank.

Collectively the two properties carry in the vicinity of 150* cows and produces approximately 460* rounds of silage and 460* rounds of hay each year.

THE LOCATION

With access via the South Gippsland Highway, the properties are located approximately mid-way between Melbourne and Phillip Island, on the south-eastern boundary of Lang Lang.

• Melbourne CBD 88km / 1hr 15min*
• Phillip Island 53km / 41min*
• Mornington Peninsula 62km / 53min*
• Lang Lang Beach, Western Port Bay 8.9km / 17min*

THE REGION

Dominant activities within the Lang Lang precinct include residential and rural residential development, rural industries (horticulture and agriculture), sand extraction activities, open space and recreational pursuits.

A plan a third airport in Melbourne's south-east at Koo Wee Rup, 10* minutes from Lang Lang, is gathering momentum. A third airport in this location would service Melbourne's south-east population corridor and residents of the greater Gippsland region. The Victorian State Government released its "Plan Melbourne Implementation Plan Action 49: Plan for possible airport in Southeast Region" last year; and the Cardinia Shire Council gazetted their support for a future third Melbourne Airport on the 13 July 2017. Both documents are available on request.

WHY WE LOVE THIS LISTING

• Properties of this nature within proximity to Melbourne do not come to market often.
• Lang Lang falls within the Cardinia Shire, one of Melbourne's fastest growing population corridors.
• The properties are currently leased, providing immediate income.
• In addition to farming, horticultural or lifestyle pursuits, the properties may have residential or sand extraction development potential (STCA).

For further information or to arrange an inspection please contact Mike Weller 0410 663 041 or Jason Hellyer 0403 043 571.

*Approximately.