325 Racecourse RoadTerang VIC 3264
Property Details for 325 Racecourse Rd, Terang
Last Listing description (December 2014)
Lifestyle - Therapeutic Opportunity With Mineral Lake Waters - Quarrying Potential
Situated on the banks of Lake Keilambete, renowned for it's therapeutic mineral waters, lies this 14.5ha versatile property.
The opportunities are boundless with the potential for commercial development as a viable health resort including mineral baths and water therapy, sandstone quarrying or lifestyle and hobby farming.
There is ample shedding, with 5 stables some in need of some repair, 3 bay machinery shed plus lock-up workshop, sundry shedding, 2 horse day boxes, rainwater storage and equipped bore.
There is direct access to the lake on foot or by car.
Boundless opportunities await the successful purchaser.
Property History for 325 Racecourse Rd, Terang, VIC 3264
- 12 Dec 2014Sold for $322,500
- 13 Nov 2014Listed for Sale Not Disclosed
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About Terang 3264
The size of Terang is approximately 119.2 square kilometres. There are 4 parks, covering nearly 0.5% of the total area. The population of Terang in 2016 was 2288 people. By 2021 the population was 2254 showing a population decline of 1.5% in the area during that time. The predominant age group in Terang is 60-69 years. Households in Terang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Terang work in a community and personal service occupation.In 2021, 74.20% of the homes in Terang were owner-occupied compared with 72.60% in 2016.
Terang has 1,385 properties.
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