An outstanding 519 hectare Inverell property with significant subdivision potential is on the market.
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00:12 Well, when I saw this one, I come across my desk that we were marking this one,
00:15 I was very, very intrigued. So what's the history of this place?
00:18 Mate, we're at Sandy No.
00:19 Over 20 years I've been admiring this property like most of the district has
00:23 and it's just awesome to be able to market it.
00:26 As we all know, it's a highly productive farm
00:28 but the development potential of it as well is just outstanding.
00:31 The family acquired it in 1968
00:35 and they're reluctantly putting it up for sale now to finalise the estate.
00:38 So let's go and take a look.
00:40 So Ronnie, what's the size of this place?
00:50 Mate, 1246.13 acres in the old scale.
00:54 Very productive. It's been run as a mixed farm operation.
00:58 And you mentioned water before being a major factor here.
01:02 Water's really good on it, mate.
01:04 You've got two creeks running through it.
01:06 You've got a pump system that runs through to some concrete troughs.
01:10 Town water runs all along the eastern boundary of the place
01:15 and it's also available up there in the western corner.
01:18 And I did read that we've got quite a bit of street frontage
01:21 on two main roads of town as well. What's the length?
01:24 Well, mate, as you know, Inverill speaks for itself
01:26 but the development potential on this place is just astronomical.
01:29 You're 5.5km from the CBD.
01:32 We're 800m from the Inverill Golf Club.
01:34 So when I was looking at the mapping in the office before we came out
01:37 I did see there's quite a few lots on here.
01:39 So what's the subdivision potential at a place like this?
01:42 So you've got 21 lots presently.
01:44 About 340 acres is zoned R5 large lot residential.
01:48 So there'll be about six or seven allotments as it stands
01:51 with road frontage that are about 100 to 130 acres
01:55 which as you know in the marketplace you just can't get here.
01:58 When we talk about that, mate, there's 21 lots in the property
02:01 at the moment with three-road frontage
02:03 and then I think there's about 2.7 or 8km on the old Bundara Road.
02:08 We've got about 2.5km fronting the Bundara Road
02:10 and then up at Swanky's Lane coming past Gilguide Township and School
02:14 I think there's about a 1.5km of road frontage.
02:16 So the development potential is endless with the property as well.
02:19 Easily 40 to 50 allotments out of it.
02:22 So when we're bringing prospective buyers out here
02:25 what are some of the positives and things that we should be showing them when we go round?
02:28 When you get up to that vantage point on the hill there
02:31 you've got uninterrupted views to the north and to the east
02:34 as far as you can see right back over Inverell.
02:36 You're elevated over 200m above the CBD of Inverell.
02:39 So for those everyday people that aren't looking to do subdivisions
02:42 what's the aspects of the real lifestyle here?
02:44 Well, mate, when we conduct inspections here it's going to be pretty evident
02:47 you can drive a vehicle all the way around the place.
02:49 It's got really good access, easy access for machinery
02:52 It is an easy property to manage.
02:54 Greened up and looking quite nice.
02:56 So what is the topography and the soil types on this place?
02:59 Yeah, well look, a key selling feature, mate, when you're going to be showing people as well
03:02 is going to be the fact that we only had a small amount of rain
03:05 after a pretty dry period and the way the place has bounced back.
03:08 That always shows what the place has really got to offer.
03:10 So you've got the second home which they call the cottage
03:13 which has been leased for a long time and provides an income.
03:16 The original home dates back to the 1880s.
03:18 I believe, which I showed you when we first walked in
03:21 and it's just got an awesome feel about it.
03:23 It's just well set up, low cost.
03:25 You only got to look at the machinery they've got here.
03:27 They've got a handful of machinery to run the place
03:29 so you're not going to have to step in here and buy a swag of machinery
03:31 to be able to run it as a rural enterprise either.
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