33 River Road, REPTON NSW 2454
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- Rural / Farming
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- 6 Apr 2017
CALL ME WITH YOUR OFFERS
Development site and farm. The owner has well developed plans to submit to council in the near future for a private recreational development and environmental study and sports centre with variant accommodation for shareholders. This is an amazing piece of farm and development opportunity.
Consists of 168.7 acres of improved alluvial flood plain that carries at least 90 beef breeders and their progeny, year in year out. Town water through the entire property, split by Mylestom Drive with the farm section running from the Repton Public School to the rear of the Mylestom Bowling Club.
The two homes and shedding and workshops are on the few acres at the western end against the Bellinger River that combines the developable recreation land.
Potential here for a regularly drought affected western slopes farmer to grow and harvest more than 2,200 large round bales a year of kikuyu and clover/ rye and oats pasture over 4 cuts a year. Ideal property to bale and saving you up to $200,000 in feed costs per annum.
The farm section is zoned RU2, the section with two residences is zoned Residential and the land along side that fronts the High Water Mark of the Bellingen River is zoned Private Recreation.
Currently the two homes can provide over $600 p/w income, the property is to be sold on a walk in walk out basis with a full compliment of stock and machinery. A full list of each is available from our office.
Where do you get a large profitable farm 1 km from the ocean in a tightly held seaside town.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
33 River Road REPTON