NSW 448 Conrod Straight, Mount Panorama

Discussion in 'Property Analysis' started by Simon Hampel, 8th Mar, 2021.

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  1. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
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    12,412
    Location:
    Sydney
    This could be an interesting opportunity. Price might be a bit steep - but there could be a lot of scope to generate some serious revenue from this property!

    https://www.realestate.com.au/property-acreage+semi-rural-nsw-mount+panorama-135588146

    “Lochinvar” A Remarkable Opportunity

    448 CONROD STRAIGHT, MOUNT PANORAMA
    We are honoured and privileged to bring to the market one of the most unique and prestigious properties in our region, “Lochinvar” at 448 Conrod Straight, Mount Panorama. This listing presents an unprecedented opportunity for an astute developer to craft “Lochinvar” into a contemporary tourist oasis, or maintain it as the esteemed and breathtaking estate it is today.

    A playground of 89.5 acres of land sitting proudly on top of Mount Panorama with access from both Conrod Straight and College Road.

    ...​



    There was an article about it on CarAdvice: 448 Conrod Straight, Mount Panorama could be yours | CarAdvice

    It's an address envied by car enthusiasts in Australia and around the world.

    'Lochinvar' at 448 Conrod Straight, Mount Panorama has come back up for sale – after initially being pulled from the market.

    A historic listing shows real estate agency Ray White Emms Mooney Bathurst originally marketed the 36-hectare property in 2019 with a price guide of "over $5,750,000". It was the first time in 33 years that the property had been offered for sale.

    It's now back on the market with Professionals Bathurst. The listing does not feature a price guide at this stage.

    Lochinvar was previously operated as bed and breakfast-style accommodation. The property consists of one main dwelling with four bedrooms, and a "substantial, light-filled, north-facing lounge room" with "breathtaking northerly views over Bathurst".

    The plot also includes three other two-bedroom self contained cottages, and a 20 by 12-metre shed. As a bonus, all three holiday lets will be sold fully-furnished.


    Unlike other properties located around Australia's most-famous racetrack, the estate can be entered via a neighboring street – meaning race events do not interfere with access.

    ...​
     
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
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    23,504
    Location:
    Sydney
    Buy it....PC members party at Simons
    Date : 10th October 2021.
     
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