SOLD
Sold on 10 Dec 2024 for $755,000

Eyre Highway
Pimbaacla SA 5661

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 9429000m2
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Property Details for Lot 41 Eyre Hwy, Pimbaacla

Building Type
Commercial
Land Size
9429000m2
Local Government
Streaky Bay
Lot/Plan
S41/H610600

Last Listing description (October 2024)

Property Name: Sheridan's
Location: Section 41, Hundred of Perlubie, Pimbaacla, adjacent to the Eyre Highway
Overview: Sheridan's offers an exceptional rural property opportunity with a total area of 952 hectares (2,352 acres). Located conveniently with Eyre Highway frontage and additional access via Greenfield Road, this property is positioned just 85 km east of Ceduna and Thevenard Port, making it ideal for grain cartage.

Land Details: Total Area: 952 ha (2,352 acres); Arable Land: 796 ha (1,967 acres); Grazing Land: 156 ha (385 acres) featuring mallee trees and spear grass, providing natural stock shelter and additional grazing opportunities.

Agricultural Use:
Cropping Rotation: Bi-annual rotation focusing on wheat, medic, and oats.
Fertilization: 65 kg of Granulock Z fertilizer applied during cropping, yielding an average return of 1.3 tons of wheat per hectare.
Pasture Management: Conservative grazing with an emphasis on building the medic seed bank during pasture phases.
Rainfall & Stocking Capacity: Average annual rainfall of 300mm, with a DSE stocking capacity of 400 Merino ewes.

Soil & Fencing:
Soil Type: Primarily grey calcareous and sandy loam.
Fencing: Quality modern fencing with 5-7-line cyclone construction, offering secure boundaries and internal divisions with established mallee tree belts providing additional shelter.

Water & Improvements:
Water Supply: Mains water with good pressure, servicing all 4 paddocks via a single meter.
Improvements: Includes 5 water troughs, a set of sheep yards, and a 5,000-gallon spray tank.

Investment Opportunity: This low-maintenance property presents a fantastic opportunity for expansion or investment with leasing potential. The property is being sold as a whole, under a single title, with the option to include the current crop in the purchase.

Sale Details: Method: Expressions of Interest; Closing Date: 12 noon, Monday 30th September 2024; Settlement: Preferred by early December or sooner

Contact: For further details or to arrange an inspection, please contact the selling agent.

Sheridan's is primed for instant capital returns and offers an outstanding opportunity to invest in a productive agricultural property with excellent infrastructure and growth potential.

Property History for Lot 41 Eyre Hwy, Pimbaacla, SA 5661

A timeline of how this property has performed in the market
Last Sold
$755,000
10 Dec 2024
  • 10 Dec 2024
    Sold for $755,000
  • 27 Aug 2024
    Listed for Sale Not Disclosed
  • 03 Jun 2019
    Transferred
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About Pimbaacla 5661

The size of Pimbaacla is approximately 137.9 square kilometres. The population of Pimbaacla in 2011 was 501 people. By 2016 the population was 6 showing a population decline of 98.8% in the area during that time. The predominant age group in Pimbaacla is 50-59 years. Households in Pimbaacla are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Pimbaacla work in a professional occupation. In 2006, 42.1% of the homes in Pimbaacla were owner-occupied compared with 62.3% in 2011..

Pimbaacla has 16 properties. As at 30 November 2024:

  • The median value for Houses in Pimbaacla is $390,053.
There are currently no properties listed for sale, and no properties listed for rent in Pimbaacla on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Pimbaacla.

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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.