Unique Investment Property.
On behalf of the Vendor we are pleased to offer for sale this exceptional property which represents a significant land holding in the rural area of Darwin.
The property is situated on the Stuart Highway at Noonamah with a boundary extending down to Elizabeth Valley Road. There is a total land area of 507 acres or 205.10 hectares and has a mixed zone of RR (Rural Residential) and RL (Rural Living).
Situated on the property is a stunning 4 bedroom, 3.5 bathroom homestead with over 680sqm under roof and surrounded by beautifully manicured gardens and extensive lawn area.
The property is located 44kms from the Darwin CBD and is only a 30 minute drive by car from the Darwin CBD via Tiger Brennan Drive and the Stuart Highway. The property offers easy access to the now very well established and popular Coolalinga Commercial precinct only 15kms north of the property.
The opportunities are plentiful. The property has some of the best pastures in the area and could easily be continued for livestock agistment, cropping or as a cattle depot. It has the zoning to allow sub-division into 4000 sqm lots.
As a result of significant capital investment, most notably through the recent circa $50 billion INPEX and Totale LNG (Liquified Natural Gas) project, combined with the anticipated return to strong population growth, its proximity to Asia, the financial benefits associated with a strong military presence and a robust tourism industry, Darwin is considered one of the most attractive property investment markets in Australia.
The property has for many years been used by the owners for their cattle trading business. In itself the property has a carrying capacity of 600 head on a year-round basis and up to several thousand head for short periods of time. Given the close proximity the property has to the Darwin Port and other facilities, the property has been of great value as a holding and spelling area and for the ready and easy supply of cattle for the live export trade operating out of Darwin Port.
The locality is characterised by rural residential development and small horticultural operations. The locality includes the rural service centres of Coolalinga, Humpty Doo, Noonamah and Berry Springs and is only 15kms south of the Coolalinga Shopping Centre.
Professional and expert investigations have been undertaken and engineering and planning advice can be provided to assist in understanding the capacity for development.
The opportunities for Elizabeth Valley Farm as we see it are:
1. Purchased by a developer ready to proceed with a residential sub-division.
2. A developer looking to land bank the site,
3. A party looking to continue using the land as a cattle depot while reserving the future development and sub-division opportunities.
4. A lifestyle block suitable for a family seeking country living with the ability to subdivide in the future.
Our vendors are very commercial and are prepared to look at a number of scenarios.
Purchase the property and the two parcels of land in their entirety ($7,600,000)
Sub-divide off the house and a block of land with a land area of approximately 2.5 hectares and retain as their personal residence and sell the remaining land ($6,600,000)
For further information or a copy of the Information Memorandum contact Knight Frank on 08 8982 2500 or Matthew Knight on 04130 58 020 or Michelle McRae on 0448 882 399
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