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359 Riverbank Road
pimlico
NSW, 2478

SOLD

Sold for $2,820,000

listing rooms 5
listing bathrooms 2
listing parking 2

215 Acres of Waterfront Land

Sitting on the bank of the Richmond River with approximately 960 metres of river frontage and less than 15 minutes by car or 5km by boat to Ballina is this 86.9 hectare property with 2 titles, house and building entitlement.

The 215 acre property is 97% arable and the current owners have been cropping soyabeans, rice and cane on its rich alluvial soils. This property would also lend itself to macadamias as seen by large new plantings around this area. The property has a 5 meg irrigation license and also a 2 meg stock and domestic licenses. It has a dam and a water course near northwestern boundary.

In the past the property was used as a dairy and would be able to be put back to grazing of cattle but would require re-fencing. The old dairy building still sits in the middle of the holding.

The property sits on two titles, one with building entitlement and the other has an early 1900s weatherboard home. The house has a new roof and timber floors throughout. It has 5 bedrooms (main bed with ensuite and walk-in wardrobes), sunroom, office, main bathroom, separate laundry, kitchen/dining room, large family room, 2-sided verandah (facing north and east to river) as well as a double enclosed garage. There are 2x5000 gallon and 1x1000 gallon water tanks.

Situated 40km from Lismore, 45km from Byron Bay and 15 minutes to Ballina, this property has it all - great farming country, fishing and fresh oysters on the riverbank at your front door, and just 8.7km down the river is the ocean. Ballina-Byron Airport is nearby with regular, direct flights to Sydney and Melbourne; Gold Coast Airport (with domestic and international flights) is only 1 hour and 15 minutes away, and Brisbane is less than 2.5 hours by car.

This is a great property for investment and agricultural development with huge future potential and water frontage so close to Ballina and Byron Bay.

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About pimlico

median house price

1000000

suburb growth

18.7%

median house rent

565

suburb rental yield

2.9%

Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.

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