The sale of this property offers an opportunity to secure about 42 acres in a unique coastal location that boasts water frontage and views of the Belfast Lough.

If your tipping point for purchase is the ability the build, the property comes with a current building permit, as well as three-phase power and two bores with a water licence.

As well as having water frontage to the lough - a body of water covering about 110 hectares when full and fed by the Moyne River and Murray Brook - the gently undulating paddock offers impressive views of the township of Port Fairy along the curving shoreline of Port Fairy Bay.

It is a rare proposition to find such an attractive package with water and power connected, a building permit in place and spectacular views - all within 7.5km from Port Fairy and just a 15-minute drive to Warrnambool.