OFF MARKET

368 Wardell Road
Lynwood NSW 2477

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 359400m2
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Property Details for 368 Wardell Rd, Lynwood

Building Type
Rural
Land Size
359400m2
Local Government
Ballina
Lot/Plan
2/DP624108

Last Listing description (May 2019)

Prime Flowers is one of Australia s leading flower farms and includes a floriculture business that has been based on the production of Lillium and iris flowers together with greenery fillers; all for the domestic market, with macadamias grown as a sideline. The business was formed 22 years ago and has grown to become one of the leading producers of cut flowers in Australia today.
Located approximately 3.7km from Alstonville on the gently undulating and scenic Alstonville Plateau with its magnificent rich volcanic soils. The property is 21km from Ballina and Ballina Airport, 20km from the city of Lismore and 47km from the resort mecca of Byron Bay. Brisbane is 187km to the North and Sydney 730km to the south.
The operation has 114 MgL of groundwater irrigation water entitlements, which is adequate for the current operations. Both the water supply and quality are reliable and well suited for the watering of flowers.

Prime Flowers has shown remarkable growth every year, with the business appreciating 26% over the past two years alone. Supplying markets on the eastern seaboard, ranging from southeast Queensland (including Brisbane markets) to the Sydney and Melbourne markets, and producing over one million bundles of lilies, iris and greenery per annum, Prime Flowers has adopted a market diversification strategy to minimise risk which has led to a book of approximately 80 customers ranging from supermarket buyers to wholesalers and retailers.
A vertically integrated business Prime Flowers processes its production daily through its large industrial shedding complex with flowers cleaned, bundled, packaged and boxed stored in chillers until despatch to the markets each night.
An irrigated floricultural and horticultural investment producing lilliums, iris and greenery daily for the major flower market outlets of Eastern Australia.
Key Features
Excellent Location 3.7km Alstonville, 20km Ballina and Lismore, and 40km Byron Bay and 2.5 hours from Brisbane markets and overnight to southern markets.
56ha of rich volcanic basalt soils, with 114MgL irrigation licence. Ideal sub-tropical climate - warm winters provide long growing seasons. 1,865mm annual rainfall.
25ha currently planted for flowers and greenery, producing 1m+ bundles annually, and 5ha macadamias. 20ha for further expansion.
9 ha under well designed irrigated shade houses, with a further 27ha underground irrigation mains installed in open paddock layouts.
1,780 m2 processing plant, built 2009, to receive, sort, pack and chill flowers with 11 chillers and freezers. Ample accommodation.
A truly dynamic investment opportunity, located in one of Australia s leading intensive agricultural regions a profitable business with excellent reputation, scale and potential to expand.
Sale details
Prime Flowers will be offered for sale by Expressions of Interest with tenders closing 2nd May, 2018 at 12 noon at:
Meares & Associates
62-64 New South Head Road
Edgecliff 2027
or via email: rural@meares.com.au
The sale will include land, fixed improvements and water entitlements.
Managing Agent: Chris Meares (02) 9362 8111

Property History for 368 Wardell Rd, Lynwood, NSW 2477

A timeline of how this property has performed in the market
Last Sold
$2,340,000
22 Nov 2007
  • 23 Mar 2018
    Listed for Sale Not Disclosed
  • 22 Nov 2007
    Sold for $2,340,000
  • 27 Oct 2007
    Listed for Sale Not Disclosed

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About Lynwood 2477

The size of Lynwood is approximately 8 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Lynwood in 2011 was 185 people. By 2016 the population was 233 showing a population growth of 25.9% in the area during that time. The predominant age group in Lynwood is 50-59 years. Households in Lynwood are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lynwood work in a professional occupation. In 2011, 86.1% of the homes in Lynwood were owner-occupied compared with 88% in 2016..

Lynwood has 83 properties. Over the last 5 years, Houses in Lynwood have seen a 64.24% increase in median value. As at 30 November 2024:

  • The median value for Houses in Lynwood is $1,306,995.
There are currently no properties listed for sale, and no properties listed for rent in Lynwood on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Lynwood.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.