511 Ventnor Road Ventnor VIC 3922

Not often does a freehold passive income investment or development opportunity like this come on the market.

Wanawong was originally a chicory farm and is a must see piece of real estate that also has a 100 year old kiln on site. 5 minutes from Ventnor beach and Cowes, on the road to the Penguins, it is in a prime tourist area on Phillip Island which is seeing huge residential and tourism growth over the last year. This is a great opportunity for future investment or development purposes.

What are you buying?

• 68 acres of prime land with commercial buildings and a residence, three dams and 2 main road frontages on the boundary.
• Passive income generated by the Café, Farm to plate Butcher and leasing heads of cattle on the land – income approx. $70,000 per year and both businesses have solid leases and reputable market presence.
• Further income potential to this property is the original 1930's renovated homestead comprising of 3 bedrooms, 3 living and 3 bathrooms and a Tiny House which currently is set up as an accommodation and Gallery space, it comprises of 2 bedrooms, 1 bathroom and is bright and airy.
• Future development of the 100 year old Kiln to become a tourist attraction based on its history, either incorporating it into the design as part of a restaurant, winery or brewery.
• The potential for this property is huge, the Bass Coast Council are strongly advocating Agri-Tourism and farm gate ventures for Phillip Island and are in favor of extension to businesses and properties.

This property already has permission to operate two commercial shops in the rural zoning but the possibilities are endless with other ideas like a much needed short stay only caravan park and maybe even a golf course OR land hold and it pays for itself until you decide what to do whilst gaining capital growth.

It is worth the time to see and feel what ultimately can be done on this wonderful plot of land in the heart of Phillip Island.
Excellent location just under two hours from Melbourne and close to the Gippsland region.

Inspections by appointment only.