Sold
Kununurra WA 6743
Sold price: $1,470,000
Sold: 05 Dec 2019
Sold
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Landsize 72.00ha
Horticulture
Once in a Blue Moon
This is an extremely rare opportunity to acquire a solid income producing irrigated farm parcel in Western Australia’s magnificent Ord Valley Irrigation Scheme.
Located just 5 minutes from the Kununurra town centre and immediately adjacent the majestic Lower Ord River this 72 Ha property includes a luxury 2 storey 4 bedroom family home with pool surrounded by gorgeous shady tropical gardens, an adjacent mango orchard, a 1000sqm+ multi-purpose farm shed, 70 pallet space cool rooms, a dam, pump station & ancillary accommodation (under lease), 1200 Mega-litre water allocation and approximately 68.5 Ha of highly fertile irrigated farm land currently under lease returning over $75,000 per annum (indexed) with 10 years of the initial lease term left to run.
The lease to one of Australia’s premier sandalwood growers (with secure global parent company) includes a further 5 year option period and underpins a significant long term passive income for the lucky new owners of this fantastic Kimberley property making this a truly rare combination of prime farming land with long-term passive income, minimal outgoings and luxury Kimberley Rural lifestyle housing close to all the main town centre services and amenities.
Viewings are STRICTLY by appointment only due to biosecurity requirements at the plantation and initial expressions of interest from eligible purchasers should be directed to Brad Williams of First National Real Estate on (08) 9168 2666 or email [email protected]
See the video link here: https://youtu.be/sjrBVfTOo6Y
Property features
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Floor area
208m2
Property snapshot by reiwa.com
This Kununurra property was sold by Brad Williams at Kimberley First National Real Estate on 05 Dec 2019.
Looking to buy a similar property in the area? View other properties for sale in Kununurra or see other recently sold properties in Kununurra.
If you would like to get in touch with Brad Williams regarding this property, please call 0429 194 920 or contact the agent via email.
Kununurra overview
The townsite of Kununurra is located in the Kimberley region in the extreme northeast of the state, 3214 kilometres from Perth. When the Ord River Irrigation scheme was being planned in the 1950s a townsite was included in the proposed development. Amongst other submissions of Aboriginal names put forward for the new townsite being created in the vicinity of the Ord River Dam was "Cununurra", said to mean "black soil" and to be the Aboriginal name for the Ord River according to Mary Durack. A Mr. Lewis of the Public Works Department reported that a soil survey undertaken in 1954 had disclosed that 99 per cent of the land to be irrigated from the dam was composed of "cununurra clay". This name was not favoured by the Postmaster-General's Department because of its similarity to place names in Queensland, New South Wales and South Australia. However, to compromise, that department suggested adopting the spelling, "Kununurra", this version being approved in March 1960. The townsite was gazetted in 1961.
Kununurra quick stats
High end
$589k
Median
$460k
Low end
$365k
15.0 %
Annual growth
$460k
Annual median sales price
$520pw
Annual median rental price
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