541 Norwell RoadNorwell QLD 4208
Property Details for 541 Norwell Rd, Norwell
Last Listing description (November 2022)
Presenting 116 acres of flat farm land, 1st time to market in 100 years offering a marvellous opportunity to secure a handsome parcel of land on the Gold Coast. The Gold Coast is growing at a rapid rate with 200,000 people predicted to move here within the next 10 years.
The property is currently being used for sugar cane farming however this block has also been identified as being positioned on a Key Resource Area (KRA 65 Jacobs Well Deposit C) for extractive resources of sand, as per the Gold Coast interactive map. Disclaimer: Sand mining extraction potential for this site is strictly subject to land and mining approval and all other relevant authorities approvals (buyer to conduct their own investigation and searches to this potential). The seller, Ray White and it's employees take no responsibility for sand mining approvals .
The land is within very close proximity to both the M1 & the Coomera Connector, as well as all the infrastructure in Ormeau, Jacobs Well and Steiglitz. The neighbouring block is currently being used as a sand extraction quarry for sand and soil.
There's also potential for future development on this site STCA and would also be ideal for land banking purposes. Disclaimer: For any future development potential is strictly subject to Gold Coast City Council approval (buyer to conduct it's own searches for viability and development of this site). Seller, Ray White and it's employees take no responsibility for future development.
The seller sees the opportunity to escape the day to day running of the sugar cane farm as he is ready to start the next chapter of his retirement. All offers prior to the auction will be presented and taken under serious consideration. This property WILL be sold.
The site is within 45 minute to the Port of Brisbane, as well as both Gold Coast and Brisbane Airports.
Please request the IM for further information.
Auction 1st October
On Site
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.
Property History for 541 Norwell Rd, Norwell, QLD 4208
- 30 Sep 2022Sold for $5,000,000
- 26 Apr 2022Listed for Sale Contact Agent
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About Norwell 4208
The size of Norwell is approximately 26.1 square kilometres. It has 1 park. The population of Norwell in 2011 was 281 people. By 2016 the population was 206 showing a population decline of 26.7% in the area during that time. The predominant age group in Norwell is 50-59 years. Households in Norwell are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Norwell work in a managers occupation. In 2011, 49.5% of the homes in Norwell were owner-occupied compared with 51.5% in 2016..
Norwell has 87 properties. Over the last 5 years, Houses in Norwell have seen a 137.07% increase in median value. As at 31 July 2024:
- The median value for Houses in Norwell is $1,461,500.
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