Here is an opportunity to increase (or start) your land bank with these two 1,000 acre properties.
The property is situated in the middle of the South Burnett, close to Kingaroy; a region enjoying significant growth over the next decade. Sold together or separately, these two lots have separate titles and access. A wide road has been created down the middle and dams have been established across the properties.
Traditionally used as a cattle property there is a set of cattle yards in excellent condition, and a second set that requires some repairs. Recently the property has been used as a youth group activity site. The terrain of the property is also suitable for BMX and motor bike riding with a wide combination of open fields, sandy creeks, gullies and hills and timbered areas.
DNR and EPA licenses to quarry sand have been issued and there are four different kinds of sand able to be removed from the property. Selected timber felling is also allowed with some excellent hardwoods found across both lots.
There are buildings on both lots; both requiring some maintenance, but substantial enough to be used in their present condition as equipment shelters. A solar power system has been installed in one building.
The property has been recently independently valued. Make no mistake, this property will sell for substantially lower than that figure.
If you are wanting to invest in land before reported local developments cause values to rise, then now is the time to move.
Contact Mark Chimes on 0400 308 686.
*** This property is proudly promoted by a mobile, tech-savvy, local real estate agent supported by Australia's most progressive and supportive head office based in Surfers Paradise, Queensland. ***
The size of Coverty is approximately 88.4 square kilometres. The population of Coverty in 2011 was 434 people. By 2016 the population was 174 showing a population decline of 59.9% in the area during that time. The predominant age group in Coverty is 40-49 years. Households in Coverty are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coverty work in a labourer occupation. In 2011, 83% of the homes in Coverty were owner-occupied compared with 72.4% in 2016.
Coverty has 120 properties. Over the last 5 years, Houses in Coverty have seen a 183.64% increase in median value. As at 31 October 2024:
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