Sold
Hyland Park, Dixon Road, Narembeen WA 6369
Sold price: $500,000
Sold: 01 Nov 2020
Sold
-
Landsize 647.00ha
Lifestyle
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''Hyland Park, Narembeen'' -
Hyland Park is a farming property located in the Shire of Narembeen, in the heart of the well-established wheatbelt area of Western Australia, and 300 kilometres east of the Perth CBD.
The property is composed of multiple contiguous allotments characterized by a high percentage of arable land with a consistent lease income. With established building infrastructure, internal roadways and multiple road frontages, Hyland Park is a fully operational property that does not require further significant capital investment or improvement.
Hyland Park presents as a solid opportunity for existing farmers looking for an add-on block or alternatively corporate groups who already have interests within the Region and are looking to further expand. The property also presents as a low risk investment opportunity for investors wishing to enter the productive wheatbelt region of Western Australia.
Hyland Park is located at 2792 Dixon Road, Mount Walker, Western Australia 6369.
The property is located 300 kilometres from the Perth CBD, and approximately 28 radial kilometres northeast of the Narembeen townsite in the rural locality of Mount Walker, within the Shire of Narembeen. The subject property comprises a gently undulating rural landholding, which is in conformity with the surrounding locality.
There are no areas of significant undulation that prevent the movement of machinery or vehicles.
Soils on the property are approximately 50% heavy, 30% medium and 20% light soil. The property also includes a fully functional general purpose shed. Built in the 1970s, the shed is enclosed on three sides and has been constructed using steel and timber.
The property is currently leased to a nearby farm operator on a 12-month rotational lease contract.
The lessee has expressed an interest to commit to a 3 to 5-year lease contract.
For sale by "expressions of interest by formal offer".
Contact Simon Wilding 0417 965 211 or [email protected]
Listing snapshot by reiwa.com
This listing at Hyland Park, Dixon Road, Narembeen was sold by Simon Wilding at Ray White Rural WA on 01 Nov 2020.
Looking to buy a similar property in the area? View other properties for sale in Narembeen or see other recently sold properties in Narembeen.
If you would like to get in touch with Simon Wilding regarding Hyland Park, Dixon Road, Narembeen, please call 0417 965 211 or contact the agent via email.
Narembeen overview
The townsite of Narembeen is located in the central agricultural region, 282 kilometres east of Perth and 39 kilometres southeast of Bruce Rock. The townsite derives its name from the Aboriginal name for Emu Hill. Emu Hill was discovered and named by John Septimus Roe in 1836, the name being given because Roe's exploration party disturbed a family of emus whilst ascending the hill. In 1860 Charles Smith took up a pastoral lease in the area, and named his property "Narimbeen", which the explorer Henry Maxwell Lefroy records in 1863 is the Aboriginal name for Emu Hill. In 1865 the explorer Charles Cooke Hunt recorded the spelling as "Narembeen", and this is the spelling which became widely accepted for the place. The meaning of the name is not known.
In 1917 the railway was extended from Kondinin to Narembeen, and sidings were established at Emu Hill and Narembeen. A townsite was gazetted at Emu Hill in 1918, but as all the land near the Narembeen siding was privately held, the Government chose not to declare a townsite even when one was requested in 1921. When a hotel was built at Narembeen in 1922, the area quickly developed as a private townsite, and Emu Hill, just 5 km away, declined. A townsite was eventually declared in 1968.
Narembeen quick stats
High end
$425k
Median
$120k
Low end
$83k
-31.4 %
Annual growth
$120k
Annual median sales price
N/A
Annual median rental price
