1 Borehead Road, Lightning Ridge 2834

$650,000

Lifestyle property Lightning Ridge

Summary
  • Property ID
    :
    4461
  • Market Status
    :
    Available
  • Price
    :
    $650,000
  • Category
    :
    Rural
  • Suburb
    :
    Lightning Ridge
  • Municipality
    :
    Walgett
Details
  • Land Size
    :
    10000000 Square Metres
Lightning Ridge - Lifestyle and farming Property

This block of land is just 5 minutes from the iconic township of Lightning Ridge - the home of the world-famous Black Opal.

The property has an area of 1094 hectares (11 square kilometers) 2718 acres which is mainly ridge country, suitable for grazing cattle and sheep, and the potential for carbon credit benefits. There is also a 500-acre paddock that grows wheat and barley. It has many excellent home sites to choose from as well as permanent water and dams. The property falls under the Western Lands Lease arrangement which has extremely low rates and is both perpetual and transferable.

The final yearly cost after credits is around $500. Potential profits from wheat or barley harvest can vary from $10,000 to approx $40,000 per year without any work or responsibility on the owner's part except for a percentage of cartage and insurance. Share farmer cares for everything. Of course, as with all farming, results vary when there are drought conditions. If you plant and harvest the crop yourself, it could net up to $150,000, again depending on the season.

Upwards of $100,000 has been spent ensuring that the property will never run out of water for domestic and livestock support. excellent water pressure is a bonus with no need to use pumps of any kind. All underground plumbing has been done so there is no risk of evaporation which has been a problem in the past with the use of bore drains. Very good catchment areas as well for future dam building on top of the three dams already there.

This is a once in a lifetime opportunity to purchase a large tract of land so close to a friendly town with all facilities including modern shopping amenities, school at HSC level and TAFE, a modern well-equipped hospital (recently enlarged), clubs, Olympic swimming, and diving facilities, natural hot artesian baths and much more. An opportunity for a relaxing lifestyle far away from the frustration of the city and yet close enough to all of life's necessities.

Contact Seller

To enquire about this listing please call 1300 24 22 69

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