TEENY
LODGE
INTRODUCTION
Teeny Lodge has been a property synonymous with sporting success in the Illawarra region and as the home to harness racing legend Brian Hancock. The 55 acres of lush green pastures have been a wonderful nursery for an incredible number of champions, including a record breaking 5 Inter Dominion wins. With Mr Hancock retiring from the racing industry, the property will be on the market for the first time in 40 years.
THE LUCKY FARM
Nestled at the foothills of the dramatic Great Dividing Range and adjacent to the stunning Calderwood Golf Course, the setting could not be more perfect. A crystal clear creek forms one boundary of this 55 acres (20.48Ha) of mostly level lush grazing land, a wonderful nursery for the breeding and training of Australia’s honour roll of trotting. An impressive five Inter Dominions wins has entered Teeny Lodge into racing folklore with winners such as; Koala King, Thorate, Weona Warrior and the legendary Our Sir Vancelot, winning three times. Although a labour of love and hard work has created such an impressive record, for the next owner the property just may be a “Lucky Farm” with its rich history of prosperity.
A WONDERFUL INVESTMENT
With the Lend Lease housing development of 5,500 homes progressing forward, Teeny Lodge is well positioned to benefit from the significant population and infrastructure boost to the Calderwood Valley. The rare level land has a primary road (Calderwood Road) and a gazetted road (not in use) as its southern and western boundaries respectively, which enhances the development opportunities. Other potential uses such as an equestrian centre or retirement village are all possibilities for the future and are subject to Council approval. The zoning is General Rural. For the investor, the high quality usable land would make this the perfect ‘land bank’ for significant capital growth.
MEDIA RELEASE
17 January 2011 CALDERWOOD STATE SIGNIFICANT SITE LISTING & CONCEPT PLAN APPROVAL Illawarra’s housing supply has received a significant boost with the approval of a $410 million concept plan for Calderwood that includes 4,800 new homes and 50 hectares of employment land. NSW Minister for Planning, Tony Kelly, announced today the 700 hectare Calderwood site has also been listed as a State significant site. “After extensive consultation with the community, including a two-month exhibition of the plans earlier this year, the NSW Government has finalised a planning framework for the site,” the Minister said. “The State significant site listing recognises Calderwood’s potential to support a large number of new homes to help meet the significant demand for housing in the Illawarra, and rezones it for that purpose. “We have also approved Delfin Lend Lease’s concept plan, which sets out the vision for how Calderwood will be developed over a period of at least 20 years.” The concept plan includes: Residential land for around 4,800 homes; Mr Kelly said approval of the Calderwood concept plan will not impact on the proposed staging or timing of the West Dapto release area which remains the priority land release area for the Illawarra. “Calderwood was identified in the Illawarra Regional Strategy as a potential urban release area,” the Minister said. “The Growth Centres Commission found in 2008 there may be merit in the early release of Calderwood to increase the rate of housing construction and deliver a mix of affordable housing choices as quickly as possible. “The population in the Illawarra has grown more quickly than what the regional strategy forecast, and this means greater demand for housing. “The West Dapto land release is moving forward and Wollongong City Council’s work on key access roads, which is being assisted by a $26 million interest-free loan from the State Government, is underway. “Work has started on excavation, stormwater services,
retaining walls and construction of a new roundabout, while work on the first of five bridges is expected to begin in February.” Delfin Lend Lease was requested to make number of changes to its Calderwood plans, in response to public feedback and a thorough assessment of the project, including: General residential development not being allowed on an isolated part of the site between Hazelton Creek, Macquarie Rivulet and the Illawarra Highway, due to flooding concerns. This land will be zoned as rural landscape, with a minimum lot size of 40 hectares; Changing the zoning of land on the south-west fringe from general residential to large residential lots, with a minimum lot size of 2000sqm, to provide a transition to adjoining rural properties; A reduction in the amount of land adjoining the Illawarra Highway that is being zoned for mixed use retail, commercial and residential development (B4). A height limit of nine metres has been imposed, after a council request for the height limit to be consistent with adjoining areas; Retaining the 18 metre height limit for the mixed use retail, commercial and residential development zone around the town and village centres, to reflect similar zones in the Wollongong and Shellharbour local government areas; Zoning playing fields for public recreation with a view to transferring them to Council. Management of environmental conservation and environmental management land will need to be addressed in project applications for subdivision stages; and Zoning riparian corridors as environmental conservation land, while an environmental management zone will apply to tributaries, rather than the infrastructure zone initially proposed. Mr Kelly said Lend Lease will be required to pay contributions towards the provision of local and State infrastructure. “A Voluntary Planning Agreement negotiated with Delfin Lend Lease to collect contributions for State road upgrades and set aside land for schools is currently on exhibition until February 7, 2011,” the Minister said.
FACILITIES
With three houses on the property there is an excellent mix of accommodation and generated income. Currently one home is owner occupied and has four bedrooms, two bathrooms & garaging for two cars (4,2,2). The other two homes (4,2,2 and 3,1,-) are rented for $450 per week and $250 per week respectively. Wonderful horse facilities include 34 stables, 8 walk in-walk out boxes, black smith shop, office, hay and truck shed, stock yards, brood mare servicing barn, 9 paddocks and a 700m training track. Water is plentiful; 4 tanks with a capacity of 378,000 litres, a permanent creek and one large dam.
LOCATION
The region offers a wonderful lifestyle and is well positioned to enjoy the Southern Highlands vineyards and South Coast pristine beaches. The Albion Park and Sydney Airports are just 5 minutes and 70 minutes away respectively. Other local amenities include Woolworths at Albion Park, Stocklands at Shellharbour, local primary & high schools. And we must mention the beautiful Calderwood Golf Course right next door.
TEENY
LODGE
582 - 594 Calderwood Road, Calderwood
Andrew Hedley
[m] 0410 551 554 [e] andrew.hedley@bevans.com.au www.teenylodgeforsale.com.au