Binnawee Co-operative is a 100 hectare (250 acre) Cooperative situated in one of the most picturesque valleys in the Otways, 4 kms from Apollo Bay. The vendors are happy to chat with you over a cup of tea about this unique opportunity to share in this rural paradise. A joint purchase with friends or extended family is a scenario that has worked wonderfully at Binnawee for decades.
Jointly owned by 6 families, it has been successfully operating for over 30 years. Each family’s individual shareholding entitles them to the exclusive use of the specified dwelling attached to their share plus joint ownership of the remainder of the property. Current owners include several young families providing their children with memories for the future of holiday get-togethers with other children at such an idealic country estate. There’s also plenty of room for that pony that the children dream about.
The shareholding for sale is one family’s one third interest in the property that entitles the owner(s) to exclusive use of a comfortable 4 bedroom house. The large deck provides spectacular views of the surrounding hills, the wonderful sunrise and glorious sunsets. With great reluctance, at 80, the owner is having to face reality and relinquish a life style and 30 years of wonderful memories for some lesser alternative. They will miss the beautiful valley with its bird life and gentle cattle and a dream they have been privileged to live for the past 30 years. There is no stamp duty payable on this purchase. Dare to think outside the square! Because of the unique communal nature of Binnawee – a joint venture between 2 or even 3 families could be an ideal way to secure a very affordable lifestyle alternative.