SOLD
Sold on 25 Jan 2024 for $1,300,000

385 Koonwarra-Inverloch Road
Leongatha South VIC 3953

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 148600m2
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Property Details for 385 Koonwarra-Inverloch Rd, Leongatha South

Building Type
Rural
Land Size
148600m2
Local Government
South Gippsland
Lot/Plan
2/LP123534

Last Listing description (April 2024)

Perfect timing to purchase this operational horticultural property in preparation for the upcoming spring/summer growing season.

The property is positioned in a tightly held and much sought-after rural area 15 km south of Leongatha, 15 km from Inverloch and only minutes to the picturesque township of Koonwarra.

The property offers majestic views of the iconic South Gippsland hills to the north and comprises 14.86ha (36.71 acres) of fertile pastures with terrific facilities for those desiring a country lifestyle with an income.

Features include:

- The original timber residence (in disrepair) sits elevated within a lovely established setting to take in the views.

- Currently operating as a hydroponic growing enterprise with 2 enclosed controlled environment green-house growing areas measuring approx. 3,500sqm, additional external growing areas together with associated buildings and shedding.

- 2 Seedling sheds and Germination room for micro herbs.

- 4 large dams plus 55 mega litre water rights attached to the property as well as in excess of 130,000 litres of water in storage tanks.

- Pack house of steel construction on concrete slab which includes office, washroom and toilet facilities plus Industrial grade cool room.

- PLEASE NOTE, not being sold as a going concern, however, all plant and equipment included in the asking price.

Great opportunity, donrsquo;t miss this one!

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Property History for 385 Koonwarra-Inverloch Rd, Leongatha South, VIC 3953

A timeline of how this property has performed in the market
Last Sold
$1,300,000
25 Jan 2024
  • 25 Jan 2024
    Sold for $1,300,000
  • 26 Jul 2023
    Listed for Sale $1,450,000
  • 16 Apr 2022
    Sold for $1,450,000
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About Leongatha South 3953

The size of Leongatha South is approximately 124.5 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of Leongatha South in 2011 was 546 people. By 2016 the population was 638 showing a population growth of 16.8% in the area during that time. The predominant age group in Leongatha South is 40-49 years. Households in Leongatha South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Leongatha South work in a managers occupation. In 2011, 81.3% of the homes in Leongatha South were owner-occupied compared with 77.1% in 2016..

Leongatha South has 307 properties. Over the last 5 years, Houses in Leongatha South have seen a 100.33% increase in median value. As at 30 September 2024:

  • The median value for Houses in Leongatha South is $1,292,551 while the median value for Units is $527,335.
There are currently 2 properties listed for sale, and 1 property listed for rent in Leongatha south on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Leongatha south.

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LJ Hooker Inverloch
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