249 Kilbride RoadDrik Drik VIC 3304
Property Details for 249 Kilbride Rd, Drik Drik
Last Listing description (May 2022)
EXPRESSIONS OF INTEREST BY 24th FEBRUARY 4:00 AEST.
TDC are happy to bring to the market an exceptional opportunity to purchase two properties totaling approximately 521ha/1287.5ac in a high rainfall area, being offered as non contingent lots.
Planted to blue gums, in several stages of growth, with portion nearing on harvest, a potential return on investment is not too far away.
"Kilbride South" consists of 262.3ha, or thereabouts, of grey loam soils with approximately 139.1 ha of blue gum coppiced in 2014, 9.5 ha planted as seedlings in 2017 with a further 66.7 ha planted in 2020, giving 215.3ha planted in total, with the balance being attractive native bush land. The property is partially fenced and has good access tracks.
"Kilbride North" consists of 258.7 ha, or thereabouts of similar grey loam soils, with approximately 130 ha planted to blue gums, coppiced in 2014. The property features good river frontage and is partially fenced.
The sale of the Kilbride properties offers an investment into the forestry industry, with other future agricultural potential with scale in a tightly held area, high rainfall area.
Expressions close Thursday the 24th of February 2022 at 4:00pm AEST.
Call Tom Pearce 0427 642 138 or Mark DeGaris 0428 372 124 for further information or to organise your inspection.
Property Code: 808
Property History for 249 Kilbride Rd, Drik Drik, VIC 3304
- 30 Mar 2022Sold for $3,648,000
- 17 Jan 2022Listed for Sale Expression of Interest
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About Drik Drik 3304
The size of Drik Drik is approximately 100.1 square kilometres. It has 5 parks covering nearly 89.8% of total area. The population of Drik Drik in 2011 was 312 people. By 2016 the population was 37 showing a population decline of 88.1% in the area during that time. The predominant age group in Drik Drik is 60-69 years. Households in Drik Drik are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drik Drik work in a managers occupation. In 2011, 82.2% of the homes in Drik Drik were owner-occupied compared with 88.9% in 2016..
Drik Drik has 49 properties. As at 31 October 2024:
- The median value for Houses in Drik Drik is $568,391.
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