Auction Details:
Wednesday 5th June 2024 - 6pm
Grafton District Services Club
145 Wants Lane, Glenugie is your opportunity to own over 200 acres of land and with that the versatility and potential this block offers. The property is primely positioned only 20 minutes from the beach and 15 minutes from Grafton, whilst being a short drive to get onto the Pacific highway. The circumstances surrounding this sale requires a result as soon as possible, do not miss this auction!
The 220 acre (approx.) property is made up of about 90 acres of tea tree cropping with the remainder being mostly natural bush. Two large water catchments have irrigation set up for the cropping with there being the versatility to expand the existing cropping area or diversify into other plantations. The option for subdivision into two 100 acres lots may also be a
possibility (STCA).
The main building offers accommodation with one bedroom, one bathroom, a small kitchen and living area. With a clean-up and a bit of work this could be used as workers accommodation, an air bnb or a main dwelling. Multiple other structures around the property can be used for storage and with Council Approval the opportunities to build your dream home are endless. A flood free, gentle hill with picturesque views would be the perfect spot to build and enjoy a rural lifestyle.
Large acreage blocks in Glenugie are hard to come by, be present at our auction or be prepared to miss out. To book an inspection or find out more information, contact Dave Dart at Ray White today on 0427 440 808. Please inspect for a full understanding of what this unique opportunity has to offer.
Disclaimer: All information disclosed herein has been provided from sources we believe to be reliable however we cannot guarantee its accuracy. It is respectfully advised that interested parties carry out their own due diligence.
The size of Glenugie is approximately 106.5 square kilometres. It has 2 parks covering nearly 43.4% of total area. The population of Glenugie in 2011 was 244 people. By 2016 the population was 198 showing a population decline of 18.9% in the area during that time. The predominant age group in Glenugie is 50-59 years. Households in Glenugie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glenugie work in a clerical occupation. In 2011, 83.9% of the homes in Glenugie were owner-occupied compared with 80.9% in 2016.
Glenugie has 163 properties. Over the last 5 years, Houses in Glenugie have seen a 89.20% increase in median value. As at 31 October 2024:
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