OFF MARKET

650-670 Koonwarra-Pound Creek Road
Pound Creek VIC 3996

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1303558m2
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Property Details for 650-670 Koonwarra-Pound Creek Rd, Pound Creek

Building Type
Rural
Land Size
1303558m2
Local Government
South Gippsland
Lot/Plan
2/PS404149

Last Listing description (October 2020)

This property is available for inspection. For the health and safety of all, COVID-19 protocols apply. Please contact our office to make a private appointment.
The property totalling 24 acres approx. (9.802ha) is positioned in a very tightly held and much sought after rural grazing area situated 25 km south of Leongatha and 15 km from Inverloch on the south western side of Koonwarra.

The property enjoys 687metres of sealed road frontage and dual access into the property via a common property driveway and direct access off Koonwarra-Pound Creek Road. Currently the property enjoys an irrigation license for 6.2 mega litres per year from existing dam. Services connected to the property include telephone, electricity, approved on site septic tank sewerage disposal.

Zoned 'Farming' the property, until recently, was operated as a large hydroponic growing enterprise with 6,000sqm of enclosed controlled environment green-house growing area together with associated production infrastructure. Potential uses for the property include but are not limited to high intensity crop or seed production, plant nursery, flower growing, small scale cheese manufacturing and direct sales, hemp oil extraction facility, farm gate sales or cafe, bus depot, caravan and trailer storage facility.

The local relevant responsible authority has previously agreed to grant a planning permit which would allow the development of a caretaker's residence on the property whereby a business necessitating a house in the farm zone was proposed and approved.

Improvements on the property include the following and are generally in good condition:
5 strand barb wire boundary fencing
Pack house (510sqm) steel construction on concrete slab,with
100% cool room paneling internal fit out includes large
processing area, offices, washrooms and toilet facilities,
56m2 inwards and 88m2 dispatch cool room
Implement storage shed (119sqm) with10kw solar system
Package storage shed (59sqm)
Workshop (45 sqm)
Chemical storage Shed (45smq)
Pump/fertigation shed (48 square metres).
17 plastic green-house sheds with a total area of 6000sqm
collectively.
Extensive poly tanks ( in excess of 300,000 ltr ) for dam water
treatment and storage of fresh and nutrient water.
Land size: 24 acres

INSPECTION STRICTLY BY APPOINTMENT

Property History for 650-670 Koonwarra-Pound Creek Rd, Pound Creek, VIC 3996

A timeline of how this property has performed in the market
  • 25 Sep 2019
    Listed for Sale $590,000

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About Pound Creek 3996

The size of Pound Creek is approximately 55 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Pound Creek in 2011 was 360 people. By 2016 the population was 99 showing a population decline of 72.5% in the area during that time. The predominant age group in Pound Creek is 50-59 years. Households in Pound Creek are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Pound Creek work in a managers occupation. In 2011, 73.8% of the homes in Pound Creek were owner-occupied compared with 85.8% in 2016..

Pound Creek has 100 properties. Over the last 5 years, Houses in Pound Creek have seen a 52.44% increase in median value. As at 30 November 2024:

  • The median value for Houses in Pound Creek is $1,737,172.
There are currently no properties listed for sale, and no properties listed for rent in Pound creek on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Pound creek.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.