First National Casino are pleased to present for sale this aggregation of properties situated at Codrington on the NSW Northern Rivers.
'Oleum' and 'Wolaroi' are adjoining properties run in aggregation involved in the production of tea tree into the essential oil's world market.
These properties are offered for sale as an aggregation.
'Oleum'
Land Area at 53.12ha
Direct access to Richmond River
43ha under tea tree production
Timber Residence and Steel Machinery shed
244mg water allocation
'Wolaroi'
Land Area 44.3ha
Timber Residence and outbuildings
38ha under Tea Tree
91mg water allocation
Established highly productive Tea Tree farms run under local contractors.
Information Memorandum available on request.
The size of Codrington is approximately 19.2 square kilometres. The population of Codrington in 2011 was 1,477 people. By 2016 the population was 61 showing a population decline of 95.9% in the area during that time. The predominant age group in Codrington is 10-19 years. Households in Codrington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Codrington work in a trades occupation. In 2011, 71.8% of the homes in Codrington were owner-occupied compared with 79.2% in 2016..
Codrington has 41 properties. As at 28 February 2025:
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