FOR SALE
For Sale $5,850,000

659 Federal Drive
Federal NSW 2480

Bedrooms: 7
Bathrooms: 3
Car spaces: 4
Land area: 10.57ha
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Unique and profitable Byron Shire lifestyle property and business

Set on a private 10.57 hectares (approximately 26 acres) in Federal, in the Byron Bay hinterland is an outstanding opportunity to acquire a lifestyle property combined with an established wholesale nursery business. Vendor would consider a separate sale of the business with short or long term lease back on nursery and one of the houses providing substantial income to the new owner with no commitment to operate the business. The main residence is a substantial, quality five bedroom home overlooking a large resort style pool. There is also a large three bedroom manager's cottage which has recently been renovated, and is well separated from the main home, both dwellings have a northerly aspect.
Adjacent is a very profitable indoor plant nursery growing exclusive ornamental plants in fully climate-controlled greenhouses (totalling over 7,000sqm), equipped with modern internal transport bench systems and associated equipment. With annual sales of over $3.3 million and a unique product range, combined with a particularly strong customer base including nationwide Bunnings stores, Aldi and the better wholesale nurseries in the same sector of the industry, it should provide the next owner with confidence of ongoing profitability. Green stock to be valued at time of purchase, current value approximately $1,000,000 which is included in the sale price. Having been established for 37 years and currently with a dedicated team of staff, the founder/owner now wishes to retire creating an exciting future for the next custodian.
- 25 minutes to Byron Bay, 20 minutes to Bangalow and Mullumbimby
- Quality family home with resort style pool
- Comfortable manager's cottage, machinery and storage sheds
- Over 7,000sqm of fully climate-controlled greenhouses
- Office/dispatch building approximately 557sqm
- Almost 900,000 litre water storage, plus three water licences totalling 59 ML
- Total of 25kw of roof top solar

Property Details for 659 Federal Dr, Federal

659 Federal Dr, Federal is a 7 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 10.57ha. The place is currently for sale with Lorimer Estate Agents.

Building Type
House
Land Size
10.57ha

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About Federal 2480

The size of Federal is approximately 26.8 square kilometres. The population of Federal in 2011 was 712 people. By 2016 the population was 683 showing a population decline of 4.1% in the area during that time. The predominant age group in Federal is 50-59 years. Households in Federal are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Federal work in a professional occupation. In 2011, 73.3% of the homes in Federal were owner-occupied compared with 73.9% in 2016.

Federal has 311 properties. Over the last 5 years, Houses in Federal have seen a 59.28% increase in median value, while Units have seen a 22.40% increase. As at 30 November 2024:

  • The median value for Houses in Federal is $1,971,916 while the median value for Units is $614,595.
  • Houses have a median rent of $950.
There are currently 4 properties listed for sale, and no properties listed for rent in Federal on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Federal.

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Duncan Lorimer
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Lorimer Estate Agents
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