Buy OCEAN AND LAKE VIEWS FOREVER
Rural - Farming Residential Property for Sale in WESTERN AUSTRALIA MYALUP, WA, Australia
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| Title: | OCEAN AND LAKE VIEWS FOREVER |
| ID Number: | 5432 |
| State: | Western Australia (WA) |
| City/Town/Suburb: | WESTERN AUSTRALIA MYALUP |
| Listing Type: | Residential Property |
| Categories: | Rural - Farming, Leisure/Entertainment - Recreation/Sport |
| Description: | Possibly one of the rarest and most beautiful 5 acre blocks in Western Australia is now for sale. Surmounting a large coastal dune, approximately 70 metres above sea level, with panoramic views to the Indian Ocean, Lake Preston and The Darling Range this exclusive and rare 5 acre property can NEVER be built out!! Located 1 1/2 hours south of Perth in the beautiful location of Myalup, Lot 13 is part of a 400 acre private estate of only 40 lots in total. The estate, Lakeside Preston Property Trust, is located between the 21 kilometre long Lake Preston to the east and The Indian Ocean to the west. The southern boundary borders a 100 acre wood belonging to the township of Myalup, and a private property is on the nothern boundary. Lot 13 is serviced with electricity and a 20,000 gallon rainwater tank, has a large 70 square metre shed and a part bituminised drive. It is extremely private, as is the entire estate allowing vistors only through the locked gates by invitation. The whole 400 acre heavily forested estate has its own 2 kilometre absolute beachfront with a private internal road leading to beach vehicular access and a carpark. Recreation includes swimming, beach fishing, boating, kayaking, snorkeling and bush walking. The picturesque and interesting Ferguson Valley is on the doorstep as is the pretty town of Harvey and Australind. Adding to the uniqueness, and making it very attractive to foreign purchasers, is the fact the the property is managed by a trust which administers the company that owns the estate. Each lot owner has 2 shares in the company giving them entitlement to their own surveyed lot and the benefits of the whole estate - very similar to a purple title. It also means that to purchase lot 13 one doesn't need to acquire a green title - subject to the foreign investment review board, but rather buy 2 shares in the company. The estate is run by an environmental and management committee with 10 annually elected members from amongst lot owners, and 3 elected directors manage the company. Annual management fees and shire rates are approximately $1800 per annum. The trust deed and articles of association of the Pty Ltd company form part of the transaction of the sale of the 2 shares relating to lot 13.The Trust Deed and articles of association are available to an interested purchaser. In recent times much smaller lots with similar views a further 1 1/2 hours south of Myalup have sold for over $5 million each. Lot 13 is one of the last vacant lots on the ocean frontage allowing a prospective purchaser the opportunity to build their own dream home. Lots within this estate rarely come onto the market. Please contact Jeff - 61 8 6161 5881 or [email protected] |
| Price: | $ 2,950,000.00 |
| Stock Value: | Upon application |
| Net Profit: | Upon application |
| Turnover: | Upon application |
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