6892 Gwydir HighwayCangai NSW 2460
Property Details for 6892 Gwydir Hwy, Cangai
Last Listing description (May 2022)
An outstanding opportunity for an energetic new owner to capitalise on the time and expense already committed to gaining approval to establish a unique north coast eco tourism venture with an emphasis on environmentally sustainable living.
* DA approval to transform existing colorbond shed into a managers residence.
* DA approval granted in 2007 to install 5 single bedroom cabins to be used for tourist accommodation (1 cabin in place).
* An extensive vegetation plan has been commissioned.
* Dedicated website up and running.
* Tractor and impliments included in sale.
* Stand alone solar system included in sale.
465 acres divided by the Gwydir Highway and located right at the foot of the Gibraltar Range approximately 69 km from Grafton and 90 km from Glen Innes. The crystal clear waters of Gundah Creek form the eastern whilst The Gibraltar Range National Park adjoins the western bounday with Bellbird Creek winding it's way out of the national park and through the property. Much of the property is heavily timbered but there are large cleared or semi cleared pastured areas plus a high capacity dam.
Although there is still plenty of work in front of the new owners to complete the project, the rewards will be endless with prospective visitors being made up of bird watchers, bush walkers, nature lovers seeking a place to chill out, school groups and general travellers.
Annual Rates: Approximately $1,400.
Beware: For those buyers seeking finance, some lenders will not finance properties of this size or will require larger deposits (perhaps 70%). You should consult you bank to be sure that they willl finance this property. Inspections from qualified buyers are welcome. Please speak to your bank/broker to confirm lending criteria and eligibility prior to booking an inspection. Same day/next day inspections will often not be available so please provide as much notice as possible.
Property History for 6892 Gwydir Hwy, Cangai, NSW 2460
- 18 May 2022Sold for $615,000
- 16 Sep 2021Listed for Sale $699,000
- 21 Jun 2021Sold
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About Cangai 2460
The size of Cangai is approximately 130.3 square kilometres. It has 4 parks covering nearly 17.9% of total area. The population of Cangai in 2011 was 185 people. By 2016 the population was 26 showing a population decline of 85.9% in the area during that time. The predominant age group in Cangai is 40-49 years. Households in Cangai are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Cangai work in a managers occupation. In 2011, 70.6% of the homes in Cangai were owner-occupied compared with 100% in 2016..
Cangai has 41 properties. Over the last 5 years, Houses in Cangai have seen a 18.89% increase in median value. As at 30 November 2024:
- The median value for Houses in Cangai is $200,748.
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