Hill of Grace Stud, Lysterfield lifestyle offering

Hill of Grace Stud, Lysterfield lifestyle offering
Jonathan ChancellorAugust 31, 2013

The Hill of Grace Stud, the 13 hectare Lysterfield property, has been listed for October 5 auction.

With views across countryside to Port Phillip Bay, the property comes with a three level fully glazed four bedroom residence.

There's German kitchen cabinetry, polished concrete floors and stainless steel Rippletone acoustic paneled ceilings. It was built some 10 years ago.

"The result of one man's obsessive attention to detail, the home is totally unique combining both high functionality and beautiful construction with three levels cocooning its occupants in total luxury, comfort and security," says the marketing.

The property comes with solid hardwood post and rail fences, a 20 metre by 60 metre riding arena, cattle handling facilities, and equine loose boxes.

"All built to the same exacting standard," said Peter Watson at First National Real Estate Neilson Partners.

Water is via reliable dam and bore benefited from its foothills location accessible to Melbourne via Wellington Road or the M1 Freeway.

Hill of Grace Stud runs South Devon cattle.

"It is an opportunity to invest in an income producing property with a complimentary high quality lifestyle," Peter Watson said.

It's a registered primary producer and is an opportunity to invest in an income producing property with a complimentary high quality lifestyle.

Peter Watson has the property listed with colleague, Graeme Curtis.

The agents are suggesting "circa $3 million" based on a recent 12 hectare Narre Warren North vacant lifestyle block which sold for $2.26 million.

There was also last weekend's sale of a $2.35 million one acre Berwick property.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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