Located in one of South Gippsland's most sought-after suburbs, this 6.32acre farmlet and surrounding properties were rezoned as 'General Residential 1 - Schedule 1' under the South Gippsland Shire Council's Nyora Structure Plan and offers developers with a rare opportunity to secure such an excellent piece of land, ripe and ready for redevelopment.
The land is currently home to a neat and comfortable 4 bedroom, 2 bathroom dwelling with shedding and well established fences and paddocks. A potential rental yield of $500 per week helps to cover costs and keep the property maintained until you're ready to develop.
With a 700 lot subdivision well underway on one side of town as well as the popularity of surrounding towns such as Lang Lang and Korumburra, this one is a no brainer. Opportunities to land-bank in a high growth area are rare and this is most certainly worth your consideration.