Sold
21 Bamboo Road, Palmwoods
Bed 4
Bath 4
Car 8
Land 2.4 Hectare
Sold for $1,610,000
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Video
Lifestyle and Land Bank with Income!
5.88 glorious parklike acres with spring-fed dam just 5 minutes to Palmwoods, makes this the ideal lifestyle property; being bordered by Residential Zoned land also makes it the ideal Land Bank and with a current income of $830 per week, this property really is something special.
This would make an idyllic site to custom-design and build your lifestyle masterpiece, and there is also a stunning resort-style alfresco entertaining hub already in place to host Gatsby-sized gatherings; with a sparkling resort pool, sunbathing terrace, handcrafted feature rock walls with waterfall, 72m2 pool house with built-in bar/servery, 12-person heated magnesium spa, big screen TV and surround sound, plus all-weather blinds and pizza oven...weddings, parties, anything could be hosted here in impeccable style. This is truly a first-class set up, with replacement value estimated to be around $300,000.
Other existing infrastructure on the property includes:
1. liveable shed/studio with three bedrooms, two bathrooms, open plan living, patio, and kitchen with commercial extractor, topped with Solar Panels.
2. There is also a second, huge machinery/industrial shed 20x15m with 5m high roller doors, 3-phase power, mezzanine office/floor space, two bathrooms, and adjoining 15mx4m carport; plus
3. a self-contained 1 bedroom, 1 bathroom granny flat/transportable. All buildings are separately metered - ideal for independent/dual living.
The property is fully irrigated by the dam and is mostly easy-care with a treed/forested area at rear and a variety of existing fruit trees; and is surrounded by adjoining acreage, enhancing peace and privacy. However, the property is perfectly positioned for future subdivision (subject to changes to the town plan), as Palmwoods continues to expand and grow; therefore, creating a possible development opportunity, something that be noted by the land-banking investor.
Land parcels of this size and quality so close to townships and with quick easy access to the highway, are increasing rare; in the not-too-distant future, it may be easier to source a unicorn! This is an exceptional opportunity to secure a verdant slice of hinterland nirvana, that offers versatile options as well as an income.
Tightly held in the family for almost 70 years - express your interest to Jason Stock immediately; this could literally be a once-in-a-lifetime opportunity.
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