For the buyer looking for a rural asset with the potential to generate substantial income, this approximate 150 acre holding is brimming with exciting possibilities. Located in picturesque Tonimbuk, location is also key with Pakenham 20 kilometres and for horse enthusiasts, the South Side Racing Centre is a 15 minute drive and the Tonimbuk Equestrian Centre only two kilometres along the road. Well set up for agistment, the property includes around 24 horse yards with internal laneways, all with a loose box and water trough. Dual drive access from Ellis Road allows one road for the business aspect and a separate entry for private use. Additional improvements include: . Main house - four bedroom brick veneer . Second dwelling . Six bay powered shed with two bays concreted and enclosed with roller doors . Approximate 18m x 24m shed with industrial strength concrete floor and roller doors The shed would be an ideal stable block conversion or for storing large equipment . Holding yards with steel crush and race . Water is provided by two dams, electric pumped to a concrete header tank and gravity fed to troughs plus three poly tanks for household use The acreage is gently undulating to level, hot wire fenced with some post and rail, well sheltered with pockets of natural bush for wildlife. There is also the potential for the construction of a menage near the sheds. Occupying a commanding site on the property, the main residence has superb panoramic views across farmland to distant Mount Worth and the Strzelecki Ranges. Although in need of renovation, the circa 1960s classic cream brick is of solid construction with high ceilings, functional kitchen, bathroom, multiple living areas and solid fuel heating. A separate utilities block accommodates the laundry, toilet, storeroom and a studio. The second dwelling could be the footprint for a manager's residence or for additional income. With infrastructure in place, the property can be generating income from day one, whilst further improvements and development could be done at your leisure. Combining unlimited potential, a stunning setting and fantastic location, this truly is a unique and exciting opportunity. For additional information contact the marketing manager Steve Hodge on 0403 538 482.
The size of Tonimbuk is approximately 38.2 square kilometres. There is 1 park, covering nearly 30.5% of the total area. The population of Tonimbuk in 2016 was 208 people. By 2021 the population was 229 showing a population growth of 10.1% in the area during that time. The predominant age group in Tonimbuk is 50-59 years. Households in Tonimbuk are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Tonimbuk work in a managers occupation.In 2021, 79.30% of the homes in Tonimbuk were owner-occupied compared with 82.10% in 2016.
Tonimbuk has 125 properties. Over the last 5 years, Houses in Tonimbuk have seen a 33.87% increase in median value, while Units have seen a -3.16% decrease. As at 30 June 2026:
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