Park Land Estate - Rare
Opportunity - Outstanding
The parkland estate of the Weinstadl Restaurant some 8,800 sq mts in the residential hills zone, Coromandel Valley is on offer for the first time in close to 30 years.
The estate features picturesque mature trees predominately placed on the boundaries, internal roadways and large rolling lawns with a trickling creek on the edge of the property.
The licensed restaurant is housed in a 100 year old homestead, centrally located on the site. The venue is now being operated only three nights a week allowing scope for greater use. An ideal opportunity for a restauranteur to upgrade and continue or for an events capability to be added that would take advantage of the botanic gardens and extensive car parking.
Further opportunity exists for a prestige residential estate with zoning allowing blocks of 900 sq mts each or smaller, subject to council approval. A holding lease income could be negotiated. A retirement estate is also a potentiality (STCC) with retention of the century old homestead.
The opportunity is rare, the potential outstanding, decisive action is needed to secure.