FOR SALE
Expressions of Interest, closing 12th Sep 2024

409 Donohoe Road
Emerald QLD 4720

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Land area: 3403ha
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"Codenwarra West" - WIWO - Irrigated & Dryland Cropping at Emerald

"Codenwarra West" Emerald, Queensland, offers a prime investment opportunity for buyers seeking a well-developed irrigation and dryland cropping asset. Located just northeast of Emerald, this 3,402.89* hectare property, features a mix of heavy black self mulching soil river flats and duplex soils.
The current owners have significantly upgraded the property, including recent laser levelling, Pivot upgrades new pump and substantial infrastructure improvements, such as machinery sheds, silos, and well-maintained roads, ensuring high efficiency and productivity.
The property's irrigation system includes 560* hectares of pivot irrigation and 500.5* hectares of flood irrigation, supported by a comprehensive Nagoa MacKenzie water allocation of 4,319* megalitres and excellent water storage facilities.
Key Features:
• Well developed irrigation & dryland cropping enterprise located only 8.5km* from Emerald Walk in Walk Out
• 3402.89ha* freehold, predominantly heavy river flats at the junction of the Nogoa River & Theresa Creek
• 4,319ML medium priority Nagoa MacKenzie water allocation & 800ML & 50ML storage dams
• Irrigation system includes 560ha* of pivots & 500.5ha* of flood irrigation plus 1305ha* of dryland cultivation
• Current crops include 340ha* irrigated chickpea, 650ha* dryland wheat & 605ha* early sorghum
• Modern machinery sheds & new silos, laser levelled, renewed water supply channels & storages
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Property Details for 409 Donohoe Rd, Emerald

Building Type
Rural
Land Size
3403ha

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About Emerald 4720

The size of Emerald is approximately 844.9 square kilometres. It has 32 parks covering nearly 12.5% of total area. The population of Emerald in 2011 was 13,883 people. By 2016 the population was 14,318 showing a population growth of 3.1% in the area during that time. The predominant age group in Emerald is 0-9 years. Households in Emerald are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Emerald work in a trades occupation. In 2011, 56% of the homes in Emerald were owner-occupied compared with 52.2% in 2016.

Emerald has 7,755 properties. Over the last 5 years, Houses in Emerald have seen a 28.20% increase in median value, while Units have seen a 43.05% increase. As at 30 September 2024:

  • The median value for Houses in Emerald is $393,039 while the median value for Units is $248,177.
  • Houses have a median rent of $520 while Units have a median rent of $383.
There are currently 92 properties listed for sale, and 13 properties listed for rent in Emerald on OnTheHouse. According to CoreLogic's data, 575 properties were sold in the past 12 months in Emerald.

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Ray White Emerald
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