OFF MARKET

200 Connelly Road
Lambells Lagoon NT 0822

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 811700m2
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Property Details for 200 Connelly Rd, Lambells Lagoon

Building Type
Land
Land Size
811700m2
Local Government
Litchfield
Lot/Plan
Loc 325 Lot 1651/S 96/246

Last Listing description (September 2023)

CBRE Agribusiness is pleased to present the Northern Territory Mango Aggregation for sale, currently one of the largest mango plantations in the Northern Territory. The Aggregation spans across Lambells Lagoon, Berry Springs and Marrakai, providing convenient access to a full range of services and amenities, approximately one hour from Darwin.

Key investment highlights include:


- Total land area of 2,527.39Ha*
- Established orchards comprising a total planted area of 283.35Ha* to predominantly Kensington Pride Mangoes with the remainder 13Ha* planted to R2E2 Mangoes and further development land for expansion or diversification
- High rainfall region, plus multiple water licences amounting 2,319ML* per year
- Irrigation water supplied by registered bores equipped with submersible pumps and reticulated to plantings via poly pipeline and laterals
- Average production over the past three years has been in excess of 1,556,000kg*
- Quality property improvements including a recently developed 5,065sqm* packing/grading shed with 280sqm* of cool rooms, managers residences, 105* person staff quarters, machinery sheds, chemical sheds and sundry improvements
- Opportunity to increase throughput volume or revenue through the packing shed which is currently operating at 40%* of its capacity
- Strategically located and benefits from early seasonal harvesting
- For sale in one-line or as individual properties

The Northern Territory Mango Aggregation features the characteristics of a highly productive horticultural enterprise, benefitting from scale, fertile soils, operational efficiency, idyllic climate and desirable location.

For Sale by Expression of Interest Closing on Thursday 26 October 2023 at 4pm.

For further information, please contact the agents below:

Angus Bills
0400 859 634

Phil Schell
0418 809 849

John Harrison
0404 335 267

*approx.

Property History for 200 Connelly Rd, Lambells Lagoon, NT 0822

A timeline of how this property has performed in the market
Last Sold
$7,200,000
13 Oct 2016
  • 09 Sep 2023
    Listed for Sale Contact Agent
  • 13 Oct 2016
    Sold for $7,200,000
  • 16 Oct 2007
    Sold for $4,480,000

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About Lambells Lagoon 0822

The size of Lambells Lagoon is approximately 104.8 square kilometres. It has 3 parks covering nearly 4% of total area. The population of Lambells Lagoon in 2011 was 230 people. By 2016 the population was 338 showing a population growth of 47.0% in the area during that time. The predominant age group in Lambells Lagoon is 40-49 years. Households in Lambells Lagoon are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Lambells Lagoon work in a managers occupation. In 2011, 57.2% of the homes in Lambells Lagoon were owner-occupied compared with 77.6% in 2016..

Lambells Lagoon has 164 properties. Over the last 5 years, Houses in Lambells Lagoon have seen a 39.54% increase in median value. As at 31 October 2024:

  • The median value for Houses in Lambells Lagoon is $724,635 while the median value for Units is $251,983.
There are currently no properties listed for sale, and no properties listed for rent in Lambells lagoon on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Lambells lagoon.

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Disclaimer
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.