Binnawee is a 100 hectare (250 acre) Co-operatively owned property situated in a picturesque valley in the Otway’s, 4kms from Apollo Bay.
Binnawee consists of 6 different shareholdings, each with an exclusive right to the use of a particular residence. This particular shareholding, Loch Ard, is a 12% property share, and offers a large 1 bedroom cottage, with the potential to partition off a small 2nd bedroom. Features include a slow combustion heater, a north facing verandah, sky lights and timber floors. This share also includes a large, modern double garage/workshop/storage space on a concrete floor, approx 65m2 (7squares) plus a full mezzanine workroom approx. 60m2 (6.5 squares).
The property is just 4 km from the Apollo Bay township. Walk to the beach, hike the hills, fish or wander along the Wild Dog Creek which meanders through this magnificent land. This is an opportunity to own a slice of this exclusive landholding, steeped in local history, for a fraction of its total price. Play farmer, watch the birds, explore fern clad valleys, plant trees, harvest food, play tennis, all on your property, with only 18%* responsibility for expenses and work shared in a similar way to strata title ownership, and no stamp duty!
Your share of utilities i.e. electricity and gas, firewood, rates, lawn mowing, insurance, farm and maintenance expenses is currently $3,900 per annum ($75 per week). There are 8 weekend working bees per year, and 4 directors’ meetings.

* Please note that the 12% shareholding is liable for 18% of the expenses due to the provision of the large double garage/workshop/mezzanine.