450 Acre Farm With Approval for Small Acre Subdivision - Forbes NSW
LIFESTYLE, INCOME AND POTENTIAL
Easy to run, small scale farm, offering good income with an idyllic lifestyle that comes with a well maintained and equipped, high production block.
The property boasts excellent infrastructure by the way of 2 huge machinery sheds, power connected to one, sheep yards, cattle yards, shearing facility, divided into 9 paddocks with 6 dams, troughs and town water connected. Fencing is in good usable condition. Land is all arable and has been previously cropped. Currently used for grazing for the past 8 years with excellent pasture base with red loam soils.
On the property is an executive style, quality built, double brick home, boasting 5 bedrooms, all with built-ins, and 3 bathrooms. It has 2 living areas, separate dining room off the kitchen and has an under floor cellar. The house has ducted air conditioning and heating. There is also a separate studio style granny flat with its own bathroom and kitchenette. There are 4 locked garage spaces and a separate carport that can fit another 6 cars.
Panoramic majestic views are a feature of this property where it sits on a flood free elevated site. The land is lightly undulating with the house positioned in the middle of the block. Situated 9 kms to the Forbes township, with bitumen road frontage, school bus at front gate and only 11 kms from Forbes saleyards, this unique property offers huge potential for a number of pursuits with the opportunity to make a substantial profit through subdivision.
Currently used as a working farm showing good income returns, this 450 acre fully flood free property has approximately 200 acres zoned and approved for subdivision into 30 small rural holdings (2ha plus) which adjoins an established small lot rural residential estate.
The sale includes 2 already subdivided separate 7-8 acre titled blocks that could be built on right away (subject to usual building development approvals from Council). The 30 lot subdivision is part of the Alcheringa Rural Residential Estate which only utilises approximately 200 acres of the 450 acre farm, so even after developing the subdivision there is still approximately 250 acres of farm land remaining. With current subdivided blocks of this type selling at over $100k per block, this represents exceptional value with an opportunity to capitalise equity growth no superannuation plan would provide.