SOLD
RECENT ADVICE
Sold on 20 Jun 2024 for $6,400,000

340/292 Channel Road
Walkamin QLD 4872

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Land area: 804300m2
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Property Details for 340/292 Channel Rd, Walkamin

Building Type
Commercial
Land Size
804300m2
Local Government
Tablelands Regional

Last Listing description (July 2024)

Perfectly positioned halfway between Mareeba and Atherton - in Walkamin - renowned as having one of the most equitable climates in the world, is this highly productive rural property with an approximate land area of 80.43 hectares (with multiple titles). Walkamin is frost free and very rarely gets fog or heavy dew as there is a continual breeze throughout the year. It does not get the high summer humidity levels like the coast or Mareeba.

This property benefits from a 304ML water allocation from the Mareeba-Dimbulah irrigation scheme. The water is from Tinaroo Falls Dam via Atherton which is reticulated via an open irrigation channel system and then throughout the property via subsidiary mainlines.

The neighbouring properties have been developed with either livestock or cropping (successfully growing bananas, avocados, blueberries, kiwi fruit, paw paw, coffee, custard apples, peanuts, potatoes, onions, small crops, wheat, maize, mangoes, and sugar cane). The history of this property shows it has successfully produced crops such as bananas, peanuts, sugar cane, avocados, mangoes, onions and more...

Currently grown on the farm:
- Approx. 60ha of sugar cane (current crop not included) with ratooning ability for next season and beyond
- 850 Shepard avocados trees (approx. 8 years old) + 250 Shepard avocado trees (approx. 3 years old)
- Approx. 350 Kensington Pride mango trees (this year's crop included)
- Substantial volumes of cane mulch will remain after the sugar cane harvest (suitable for baling or for use on the incoming plantation)

Approx. 70% of the soil on this property is “Tolga” which has a very high soil productivity and minimal limitations, while there is approx. 20% of “Walkamin” with high soil productivity and some limitations. The balance of soil type is “Morgan” which is not currently farmed.

Property features include:
- 80.43 hectares, multiple titles
- Comprehensive inventory list to support the day-to-day farm operations including irrigation, crop production and crop harvest
- 304ML water allocation gravity fed from the channel
- Potential to dam the creek that runs through the northern boundary of the property
- Masonry block main farm residence (4 bedrooms + 2 bathrooms) + cottage style dwelling
- 3 sheds + workers' amenities

With an abundant water allocation to service cropping irrigation needs, the perfect Walkamin growing climate, arable soils suitable for a multitude of cropping options, this property presents as an exceptional investment opportunity for those seeking a new commercial farming venture, or for those seeking to expand an existing enterprise. Inspect today to fully appreciate all this property has to offer.

From all of us at Mareeba Property Office, we wish you every success with your property search. For more information or to arrange an inspection of this property, please call or email us today.

Property History for 340/292 Channel Rd, Walkamin, QLD 4872

A timeline of how this property has performed in the market
Last Sold
$6,400,000
20 Jun 2024
  • 20 Jun 2024
    Sold for $6,400,000
  • 21 Sep 2023
    Listed for Sale Contact Agent

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About Walkamin 4872

The size of Walkamin is approximately 44.7 square kilometres. The population of Walkamin in 2011 was 451 people. By 2016 the population was 480 showing a population growth of 6.4% in the area during that time. The predominant age group in Walkamin is 60-69 years. Households in Walkamin are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Walkamin work in a managers occupation. In 2011, 68.2% of the homes in Walkamin were owner-occupied compared with 76.8% in 2016.

Walkamin has 199 properties. Over the last 5 years, Houses in Walkamin have seen a 72.14% increase in median value. As at 31 October 2024:

  • The median value for Houses in Walkamin is $511,306 while the median value for Units is $703,122.
  • Houses have a median rent of $310.
There are currently 3 properties listed for sale, and no properties listed for rent in Walkamin on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Walkamin.

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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.