By Negotiation

696 Old Cooma Road,Googong NSW 2620

House6bedrooms2bathrooms1ensuites2garage spaces

55 Acres On The Edge Of Googong Town Centre With Endless Potential

A once in a lifetime opportunity to acquire a working farm on 55 acres approx (22.345 ha approx) show casing 360 degree views taking in Googong Town Centre, Googong Dam, Brindabella's Mountains and Black mountain. It is conveniently located within an easy 25 minute drive to Canberra's CBD, 5miutes to Queanbeyan and only a few minutes drive to the new Googong Town Centre. The property is divided into 4 pasture improved paddocks with a nice blend of open pasture with mature tree shelter. Three dams & rain water tanks provides an excellent water supply. Substantial infrastructure includes the main homestead with shed, machinery shed and metal garage.

This unique residence has been architecturally designed with a strong Japanese influence focusing on open spaces and natural light. An abundance of accommodation offers formal and informal living areas, central studio, open plan rumpus with the potential to create 2 or 3 bedrooms, sunroom, 2 bathrooms, ensuite and mudroom. Features include high raked ceilings, celestial windows, timber flooring, wood fireplace and air conditioning. The eastern wing has a 2 bedroom flat with family room and kitchen, making this huge residence an ideal offering for the large or extended family.

The interior of the property is in need of some tender loving care, the result of an unfortunate tenancy. The main kitchen has been removed which will allow the new owner to build their dream kitchen. The remainder of this huge residence will also require renovating but its unique design and sheer size provides the perfect blank canvas. Why buy someone else's decor when you can add your own flavour.

To help pay for this the current owners has negotiated an excellent commercial lease with Optus for the placement of a phone tower on the property. The lease has an annual income of $23,000 +GST per annum (approx). The owner has advised that there is the option to keep this lease in place or sell separately if the new buyer would like the money, which is substantial. Buyers are advised to do their own due diligence on the tower lease in consultation with their solicitor.

The large acreage also offers the opportunity for additional commercial ventures subject to council approval.

Don't miss this rare opportunity to acquire this huge residence and large acreage perched on the edge of Canberra. Income producing properties like this offering the rural lifestyle you have always wanted to not come up often so book an inspection today.


Feature Summary:

 

  • 55 acres (22.345 ha approx) set in a hilltop location with 360 degree views
  • Convenient location on the edge of Googong Town Centre
  • Only a 5 minute drive  to Queanbeyan
  • Easy 25 minute drive to Canberra's CBD (approx)
  • Huge architectural designed home by renowned Architect Clem Cummings
  • Strong Japanese influence in design with strong emphasis on natural light
  • Spacious West wing for main residence
  • 2 bedroom Granny Flat on east wing
  • High Raked ceilings
  • Timber floors
  • Walk in Pantry & mudroom
  • Sunroom
  • Machinery shed and metal garage
  • 3 dams
  • Home requires renovating due to bad tenancy
  • Main kitchen has been removed, ready for buyers own kitchen
  • Optus Tower commercial lease provides annual return of $23,500 + GST (approx)
  • New entrance road currently under construction
Inspection by appointment only. Please call Paul Sutton on 0407 099 175

 

Features
  • Acreage
  • Dining Room
  • Entrance Hall
  • Family Room
  • Fencing
  • Garden Shed
  • Heating Wood Fire
  • Lounge Room
  • Mountain Views
  • Off-street Parking
  • Reverse Cycle a/c
  • Self-contained Flat
  • Sunroom
  • Walk In Pantry
  • Walk In Robe
Can I afford this property?

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:House
Stamp Duty:$95,490

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What's Nearby

Anglican School GoogongPrimary School
4km
Karabar High School, QueanbeyanHigh School
8.1km
Queanbeyan District Hospital & Health ServiceHospital
9.3km
Jerrabomberra Shops, JerrabomberraMajor Shopping Centre
5.8km
Australian National UniversityUniversity
19.1km
Mackillop CollegeCollege
11.4km
Jerrabomberra Post Office, JerrabomberraPost Office
5.4km

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            Googong Suburb Information

            Median Sale Price For Googong
            $311,000
            Average Age
            42 years
            Population
            1,121
            Googong Profile
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            This listing has been viewed 9668 times. It was first displayed on 24/03/17 and last updated on 17/02/18.