540 Pimlico Road

Pimlico NSW 2478

Farmers, business owners, and astute investors alike will all recognise the extraordinary scope of this 31 acre freehold property in the scenic surrounds of Pimlico. Zoned RU1 Primary Production, the versatile property features a charming original farmhouse overlooking acres of cleared land ideally suited for crops, grazing or livestock.Delivering immediate ongoing rental income, a portion of the property is currently leased to an established commercial business, with all infrastructure and leasing agreements in place. Offering a rare income-producing asset just minutes from the coast, this unique property lies just 10 minutes to the convenience of Ballina.- 31 acre landholding in scenic Pimlico, just a short 10 minute drive to Ballina- Extremely versatile, there's an original farmhouse prime for rejuvenation- With great storage and sweeping acreage views, it's overflowing with potential- Rare opportunity to landbank or renovate the farmhouse into your dream home- Excellent scope to agist or run livestock, plant crops and maximise income- A section of the property is leased to an established commercial business- Long term tenancy with 3 x 3 x 3 year lease in place with CPI increases- Instant ongoing passive rental income $120,000 pa plus outgoings- 6 min drive to Wardell with it's shops and school, 12 mins to Patchs Beach- Just 10 mins to Ballina via the highway, 20 mins to the Ballina/Byron Airport- Easy access to Pacific Highway and only 1 hour to Gold Coast airport