OFF MARKET

244 Lush Road
Borrika SA 5309

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5597000m2
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Property Details for 244 Lush Rd, Borrika

Building Type
Rural
Land Size
5597000m2
Local Government
Karoonda East Murray
Lot/Plan
S43/H721700

Last Listing description (May 2022)

559.7 Ha. "Keller's" 1,383 Ac.
Rural Property Investment

Conveniently located 4.8 kms. from Borrika and Karoonda Highway.

Approximately 21 kms. east of Karoonda, 87 kms. east of Murray Bridge.

Healthy well cared for Mallee Crop and grazing country.

Good balance open country of mallee loams and lighter country, little scrub.

Submersible, gen set, Implement shed, expansive sheep yards, silos.

Strong healthy mallee country, with excellent crop and grazing management, provides good basis for a rural property
investment with a reliable farmer.

Owner Lease-back, 3 Year Term @ $24.20/Arable Acre or $32,887.80/Annum including GST.

We recommend that you consult your Accountant/Financial advisor about this investment option.

PRICE $ 950,000.

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Property History for 244 Lush Rd, Borrika, SA 5309

A timeline of how this property has performed in the market
Last Sold
$338,835
05 Jun 2017
  • 09 Mar 2022
    Listed for Sale $950,000
  • 05 Jun 2017
    Sold for $338,835
  • 23 Jun 2014
    Sold for $300,000
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About Borrika 5309

The size of Borrika is approximately 181.1 square kilometres. The population of Borrika in 2011 was 163 people. By 2016 the population was 32 showing a population decline of 80.4% in the area during that time. The predominant age group in Borrika is 60-69 years. Households in Borrika are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Borrika work in a managers occupation. In 2011, 87.5% of the homes in Borrika were owner-occupied compared with 61.1% in 2016..

Borrika has 68 properties. As at 31 October 2024:

  • The median value for Houses in Borrika is $260,006.
There are currently 1 property listed for sale, and no properties listed for rent in Borrika on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Borrika.

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