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119.7ha - Water, Location, Black Soil

119.7ha - Water, Location, Black Soil

Property ID: 829886

TATHAM 2920 Casino Coraki Road

Listing Rooms7
Listing Bathrooms3
Listing Parking4

For Sale $2,400,000

Land Size: 119.70 Hectare

***We are open for business - this home can be viewed by private inspection. Please call Graham for further details. Our property inspections are conducted at a safe distance with hygienic measures in place.***

This nearly 300 acre property is located 24 minutes from Lismore, 17 minutes from Casino and 53 minutes from Ballina Airport. The property consists of 11 separate titles and is currently used for cattle breeding. New fencing roadside (boundary and internal) measures 2.2km in total. The pasture is currently all undersown with rye and consists of kikuyu, rhodes and seteria. Carrying capacity is between 125-135 breeders.

There is a 4 bedroom colonial homestead in original condition, perfectly positioned on the banks of the Richmond River with great views from the wraparound verandah. This homestead has a new roof and could be spectacular with renovation. Also on the property are 2 additional cottages which are currently rented out for extra income.

There's a good amount of shedding on the property with a 14x28m workshop/storage shed, 16x16m old dairy, 13x25m shed frame standing in need of roof and walls, as well as other shedding.

Water is a feature of the property with a large lake, stock and domestic bore and troughs, and approximately 2.2km of Richmond River frontage. A 78 megalitre water irrigation license comes with the property and is unregulated.

The property is 85-90% arable and would suit tea tree and sugar cane summer and winter cropping. This would make an ideal cattle and hay making enterprise, and the opportunity to obtain large scale cropping in this area is rare. With farming country getting in excess of $8000 an acre, this property is priced on the mark and has a top location, irrigation and quality soils as an added bonus. The smart investor will recognise the worth of this property with the multiple land and dwelling entitlements plus road frontage and Richmond River frontage. Contact Graham Cruickshank to arrange your private inspection 0499 988 809.

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Open for inspection times

Suburb Profile

Median House Price

695000

Suburb Growth

16%
Peak Sale Month - January
Peak Sales - 3