Positioned approximately 11 Kms North of the Tamworth CBD, this 19.93 HA / 49.25 Acre property offers the potential for an investor looking for a land bank development as this parcel of land is on the door step of the current housing sprawl, and is zoned R2 with 2000 sqm minimum lots. The property has been used as a riding school, and it offers an outstanding opportunity for a horse enthusiast as the property has a well-established undercover arena that offers all weather riding throughout the year. Built-in to the covered area are several stables as well as a viewing platform, allowing guests to study the art of riding. There is also a fully self-contained flat adjacent to the arena which has an excellent rental history. Water is supplied from a bore and rain water tanks that offer all year-round water supply to the home and various taps and water troughs around the property. The property offers a four bedroom brick veneer and tile home that has two bathrooms and there are spacious living areas that would be ideal for the growing family. There is an excellent cash flow capability as the current rental income is $750 per week, plus opportunity to lease some paddocks for agistment that will boost cash flows. Phone Peel Valley Real Estate Tamworth to arrange an inspection.
