LARGE PROPERTY WITH POTENTIALThis massive 487 acre property is located 20km south of Margaret River and borders both Bussell Highway Vlam Road, and the Leeuwin Naturaliste National Park. A short drive down Vlam Road brings you to Caves Road where you can find Boranup Gallery and Café, local Caves and a bit further down the road is the beautiful Hamelin Bay. McLeod creek runs through the property with multiple tributaries resulting in numerous soaks, waterholes and high conservation value riparian habitat. There is also abundant flora and fauna. Currently there are approximately 56 hectares of pine timber plantations consisting, bringing in a regular yearly passive income of around $8,900.
The remainder of the property is majority native forest being largely uncleared apart from the timber plantation areas and tracks throughout. The possibilities are endless with many options suitable for bee hives, white sand extraction, Hemp plantation or tourism adventures including camping, glamping and chalets (Subject to Shire Approvals). This holding has the potential to be subdivided subject to further shire assessment and application. This could result in significant recouping of funds or simply enjoy the space and privacy that such a large parcel of land offers. An older style 4 bedrooms 1 bathroom home sits high on the property and needs a bit of TLC to be brought back to its former glory. There are 3 general purpose open farm sheds suitable for machinery storage/workshop areas. If you are looking for a very private large land holding complete with abundant native flora and fauna, plentiful water, passive income and subdivision potential then look no further.