ARPBS Commercial have on offer a rare opportunity to secure a charming historic estate dating back to the mid-19th century. This property boasts an expansive blue-stone house and barn, which was formally employed as a ‘Cobb and Co’ changing station. The property has recently been involved in a considerable renovation and intended expansion to be utilised for an events venue to harness the magnificent history and scenic views of the Macedon Ranges.
This lifestyle project would be ideal for the astute investor or business operator looking at securing an estate worthy of admiration and to further reap the benefits of the demand that would derive from finalising the development for hospitality endeavours.
The ‘Penington Farm Estate’ encompasses a sizeable 11-acre area comprising of bespoke designed paddocks, Machinery shedding, windmill, bore water infrastructure and car port. The property has an array of established trees that line the entrance to the estate, subsequently creating a feel of grandeur.
Very rarely does an iconic property become available, especially something with so much significance to the Macedon Ranges. This property is ready for the next custodian to appreciate and finish this unique project. The current owners had grand visions for the estate and went to great lengths engaging well regarded industry leaders to design and structure plans to enable this property to become a tourist attraction, once complete. The foundations for the planning and implementation are available for review, which will further showcase the true potential of this lucrative opportunity.
Estates within the Macedon Ranges have been sensationalised in recent years sparking considerable interest from those seeking to obtain the perfect compromise of residing on a lifestyle property, whilst being located within a commutable distance to Melbourne. Strategically located within proximity of the township of Kyneton, subsequently providing ease of access to key amenities. This property presents exceptional value and will not last long on the market as it is the quintessential ‘renovators delight’.