It’s big – about 750 sqm or 80 squares in building size, it sits on a freehold of over 4,000 square metres – make that an acre near enough, it’s an historic icon that has been beautifully restored.

The building fronts a regional road and is barely 90 minutes east of the City and fifteen minutes south of booming Pakenham. The majestic building presents unlimited lifestyle or business choices for a new owner.

It is the original Cora Lynn Cheese Factory at 464 Bayles Cora Lynn Road that was built in 1910. Now it is for sale through Rodwells Ruralco Property with an asking price of $1.8 million. But first some history.

The Cora Lynn Cheese Factory was built in 1910 as one of about six similar cooperative milk, butter or cheese factories that served dairy farmers in Gippsland.

This one traded as such until the 1940s with its closing down date having gone unrecorded.

As a manufacturing site it was vacant for many years where it fell into disrepair.

Past uses have included as a billiard ball manufacturing factory and after that was a bagged potato storage for the local district’s spuds before they went to the chipper.

Then it was bought by an understanding owner who converted part of the building back to a private residence.

Today’s vendors Richard and Lavinia Panelli have spent the last five years restoring some original features and “undertaking a project” of a lifetime and indeed, they have created something amazing within the substantial building footprint.

First is their self-contained private residence of a master bedroom with its own ensuite, an office, plenty of storage, a large quality kitchen that is licenced as food preparation premises and an expansive private living or entertaining area.

In other parts of this giant building they have added two additional facilities.

Each luxurious space is self-contained with quality appliances, services, private entries and parking areas under cover or behind secure roller doors.

The extra accommodation is used for a short stay, or as bed and breakfast style facilities, with a spa-bath fitted into “the studio’ space.

Both spaces operate quite separately with no impact on each other or the rest of the building.

The area immediately behind the stunning entry doors is a light filled 50 seat café or tea room where Richard and Lavinia currently offer the best of local produce as Devonshire teas or light meals.

This section which currently opens only on Sunday also acts as an art gallery where local artists hang and sell their works.

There is a large stone fireplace built to honour the spot where the original cheese factory boiler is believed to have stood.

Many community events, functions and weddings have been hosted in this grand function room.

The building still has a large component that is untouched representing about a quarter of the total building area that contains unique and historic features including large timber structural beams and a floor that tells the story of the time.

Vendor Richard Panelli who has building trades experience says he has many ideas for a productive use for the space.

The Panelli’s are keen to “get on with their next project” so The Cora Lynn Cheese Factory is for private sale

The building and its grounds offer significant potential to either use it as a large high quality private residence, to further develop the under-roof business of tea rooms, a café, or as an art or antique gallery and the two accommodation facilities.

At the rear is the attractively landscaped garden with a pond and fountain placed over an original well.

A large double garage includes a workshop and there is plenty of off street parking front and rear.

Richard Panelli points out that they are not offering the property as a business for sale but as an unusual yet exciting freehold property opportunity where a new owner can take whatever path they wish.

Richard says, “we think it offers a new owner delightful living with flexible opportunities to build a cash flow dictated by just how hard they want to work or capitalise on the facilities that are here and in excellent condition”.

Rodwells Ruralco Property sales agent Ray Cullen is inviting offers for the property which is conveniently located between Tynong and Garfield each less than ten minutes distant.

Garfield for instance is a designated stop on the frequent V/Line train service to the City and Traralgon so this property could suit someone who needs or wants to commute.

Nearby is the new Pakenham racecourse known as park with the Pakenham Bypass or the Princes Highway-Monash Arterial connection also within easy reach.

Ray adds “this building is a local landmark presented in outstanding refurbished condition and it attracts significant local community support and custom for the events and functions that are regularly held here.

“I regard it as a blank canvas ready for a new owner to invest their ideas and skills to value add or to capitalise on what already exists.

“The vendors are offering The Cora Lynn Cheese Factory for sale on a walk-in walk out basis inclusive of all appliances, including the function and accommodation area services, furniture and facilities, so little ingoing investment will be needed by the new owner.

“Only an inspection will show what is on offer here” Ray Cullen adds.

For more information contact: Rodwells Ruralco Property in Pakenham or their agent Ray Cullen on 0429 977 313.

The information and links provided on this website are for general information only and should not be taken as constituting professional advice. This information does not take into account the financial situation or particular needs of individual readers. Before making any decisions about matters discussed on this website, you should consider whether it is suitable for you in light of your own circumstances, and seek appropriate advice.