Set on 23 immaculate acres just minutes from Newrybar village, Bangalow and Byron’s world-famous beaches, this exceptional property offers the perfect blend of lifestyle and income.
Privately positioned with sweeping hinterland views, the property features an elevated building site ideal for a dream home – surrounded by open space, macadamia-lined driveways and a truly breathtaking outlook.
A long-term lease generates over $400,000 net in annual rental income with tenants paying outgoings. The tenanted warehouses are discreetly tucked away from the main residence area – ensuring privacy and tranquillity.
A 13-megalitre water licence and direct frontage to Skinners Creek further enhance the land’s appeal, offering both agricultural potential and a peaceful natural setting to relax and unwind.
This is a rare opportunity to secure income-producing RU1-zoned land with development potential (STCA*) in one of the region’s most tightly held pockets. *Subject to council approval
Features:
• 23 pristine acres
• Exclusive enclave of Newrybar
• RU1 Primary production zoning
• Connected to town water
• Existing buildings include 2 warehouses and a 5-bedroom house with swimming pool
• Rental income of $400,000 plus outgoings and GST
• Lease commenced November 24
• Lease term 5 years + 2 x 5 year options
• Rent reviews at 4% annually
• Lessee is a previous owner of the property and has been operating from the property for the last 30 years
• 13 megalitre water licence