Millbank Road, Terara, NSW 2540

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Lite n’ Easy founder Graham Mitchell has found a $1.85m buyer for Canary Island, his Terara estate.

The 6.16 hectare holding has a two-bedroom, one-bathroom cottage and a one-bedroom studio.

Graham Mitchell has sold this Terara cottage.

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Mitchell, who gives Banyo in Queensland as his home address, purchased it for $1.45m in 2014.

There were 2200 views on realestate.com.au during its marketing through Nathan Gair and Roirda Harper of Ray White.

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It was marketed as the largest advanced Canary Island Date Palm tree plantation on the east coast of Australia.

There are also Kentia and Windmill palms.

The home was sold for $1.85m

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“Nestled back from the road amongst established trees is this quaint holiday cottage comprising 2 bedrooms, 1 bathroom, well equipped kitchen, slow combustion fire, plus separate 1 bedroom studio,” the listing read.

“The property has the largest advanced Canary Island Date Palm tree plantation on the East Coast of Australia, an extensive planting of Kentia and Windmill palms providing a great business opportunity for the discerning buyer looking for both a weekend getaway and an income producing property.”

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