The property known as Spring Hill at 1425 Donnybrook Road Woodstock, currently for private sale by Rodwells Ruralco Property is outside the boundary of the Melbourne Metropolitan Growth Plan but residential subdivision is currently headed in the direction towards it.
The Spring Hill property with a good frontage to the northern side of bitumen Donnybrook Road and located between its junctions with Merriang and Plenty Roads has an area of 54 hectares (or 134 acres) and is currently set up as a cattle farming operation.
The vendor has owned the property for the last thirteen years but with the recent passing of his partner has decided to sell Spring Hill with an asking price of $2,495,000.
Rodwells Ruralco Property selling agent Peter Lineham says that the investment merits of the property for the longer term need important consideration.
“This property is within about thirty-two lineal kilometres radius from the GPO with the strong residential growth areas of Epping, South Morang, Mernda and Doreen closer in.
“It is ideally set up to continue to run a forty unit cow and calf operation as the property is subdivided into twelve paddocks with two hay sheds, a workshop, horse shelters and a good set of spacious cattle yards with a crush and loading race.
“There is a reticulated stock watering system plus a bore that has a depth of about 25 metres adding to the stock watering resources which are supplemented by a number of paddock dams.
“There is a two-bedroom weatherboard home with an adjoining one-bedroom bungalow and a four-car garage, which is currently occupied and these facilities present in good clean condition with the buildings set well back from the road”.
Peter Lineham says that the landform is undulating affording 360-degree views with any number of attractive higher places where a new home could be sited and the property has a magnificent collection of majestic red gum trees with more trees established along the dividing fence lines.
Just up the road is the Graham Marsh designed 72-hole Growling Frog Golf Course with its Café and Spike Bar development situated on the opposite side of Donnybrook Road.
“A feature of this property is its good main road access to the business and services precincts closer to the City using either Plenty Road or the Hume Freeway as the main transport connections, or via rail from the Donnybrook station to the west.
“I consider the Spring Hill property would ideally suit a business family by providing the opportunity for a rural lifestyle within an easily commutable distance, especially of the northern suburbs, whilst continuing to run a cattle grazing or even an equine interest.
“Or it’s the sort of country property on Melbourne’s doorstep that could be used as a weekend retreat that should grow in value over the next decade or so”.