8/615 Hordern Vale Road

Originally built as an operations centre and office for a tourism accommodation business, this building, constructed in neutral tones of color-bond is fully lined and currently used for storage. Whilst it has a kitchenette and a one-bathroom area including toilet already in situ, it would not take a great deal of mostly internal work to create a very spacious two-bedroom cottage, with income earning potential, subject to council approval. It is 115 sqm or 13 squares in size and is set on a leasehold site of 500 sqm (with corresponding shares in the freehold title), surrounded by common areas totalling 36 acres of bush and cleared land. The building is at least 100 metres from the nearest other cottage, which is not visible from this site. Encircled by the beautiful Great Otway National Park, this potential dwelling has views over extensive pockets of eucalypt forest, delightful natural bush-land and rolling grassland areas. With an expansive vista of the Otway Ranges and majestic sand dunes behind the heritage listed Aire River estuary, it really is quite stunning. With no lease fees to pay in perpetuity, this property is on a 399 year leasehold title, overlaid to a freehold 'company share title'. Company directors are, and can only be, the owners of each of the properties. There are eight titles, spread over 60 acres of forest and grasslands, each with their own land attached, the rest being 36 acres of common areas comprising natural bush and open recreational land. Think of it as a ‘body corporate’ style of ownership, as this is how the structure works. The closest thing to freehold title possible in this zoning. The ‘Rural Conservation Zone’ came into being in 2006 and does not allow subdivision of land below 100 acres or 40 ha, hence this title set up. With excellent access, mains power, fresh water and septic tank, most of the expensive stuff is done, maybe this is the bargain of a lifetime. Please only email enquirers to gary@gopapollobay.com.au .