Buyers lining up to secure a slice of Mount Panorama

Lochinvar on Mount Panorama on the market for the first time in 33 years

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"It really is a once-in-a-lifetime opportunity."

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IT is one of the most iconic places in the country, the spiritual home of Australian motor sport, and now there is a chance to call it your home.

About 36 hectares (89 acres), "Lochinvar" on Conrod Straight is the largest residential property fronting the Mount Panorama circuit and, for the first time in 33 years, it has been put on the market.

Considered one of Bathurst's most sought-after addresses, the property has been listed with Ray White Emms Mooney and sales specialist Louise Ireland stressed that it was a very unique and rare offer.

"It really is a once-in-a-lifetime opportunity," Ms Ireland said.

"Once it sells this time, it will probably be a long time before it comes up again."

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For most of the time it has been held by the current owners, "Lochinvar" has been used to offer short-term accommodation beside one of the most recognisable race tracks in the world.

In addition to the main house, there are three pristine luxury cottages scattered throughout the extensive grounds and surrounded by landscaped gardens.

Each cottage on the property has two bedrooms, multiple bathrooms, living space and either a single or double lock-up garage.

The great rural views can be enjoyed from each cottage's private courtyard and barbecue area.

It really is a once-in-a-lifetime opportunity. - Ray White Emms Mooney and sales specialist Louise Ireland

On top of that, all of the cottages come fully furnished as part of the sale.

Part of the property's appeal is the 288 metres of frontage to Conrod Straight, so race fans get a clear view of the cars as they build up to top speed.

The other benefit of this property is that it has unrestricted access to College Road, meaning people can come and go at any point during race meetings without having to wait for the circuit to open for resident access.

Ms Ireland said that this property comes with a wealth of possibilities for future uses or development, subject to council approval.

She said "Lochinvar" presented the new owners enormous hospitality and tourism development options and that the sale was timely, coming just weeks after a fifth major motor sport event has been granted for the circuit.

"It could also be for a race fan who wants their very own spot on Mount Panorama," Ms Ireland said.

"Lochinvar" has been on the market for around a week and Ms Ireland said the property has already generated a lot of interest both in Bathurst and beyond.

The property will go to auction on Friday, November 22 in Sydney, but the owners will consider genuine offers before that date.

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