307 Koonwarra Pound Creek RoadLeongatha South VIC 3953
Property Details for 307 Koonwarra Pound Creek Rd, Leongatha South
Last Listing description (February 2024)
"Demerlo Quarry" presents a unique opportunity to purchase a rural grazing and resource property with a current Work Authority extraction license in the South Gippsland region. For the past 20 years the Demerlo family have successfully operated the property and as a result the gravel/sand resource is now renowned throughout the region.
The area covering the gravel pit is predominantly Koonwarra gravel which is a small, fine, abrasive gravel, very hard in structure, with traces of clay through it. Current Work Authority licence allows for extraction to 9 meters. The current annual production from the quarry ranges from approximately 3,000m3 to 4,000m3 depending on demand.
The balance of the property has and is currently being used for cattle breeding/fattening and an additional sideline of composting (for fertiliser) in recent times, offers opportunities for diversification and additional income potential.
"Demerlo Quarry" enjoys a secure water supply via 8 dams of which 4 are spring fed. A 20 mega litre ground water irrigation licence is included with the property. There is ample shedding with the main shed (100ft x 90ft) constructed of shipping containers with a steel roof. In addition to this is a hay/machinery shed (40ft x 30ft) plus a sundry storage shed. Heavy duty cattle yards are onsite incorporating a circular lead up race & cattle crush.
"Demerlo Quarry" presents a unique opportunity to purchase a diverse rural holding with a current Extractive Industry license and numerous other secondary income opportunities, in the renowned South Gippsland region. "Demerlo Quarry" is in an ideal location and sits between Leongatha (15 mins) and Inverloch (15 mins), and only 25 mins to Wonthaggi and under 2 hours to Melbourne.
The property is being sold by EXPRESSIONS OF INTEREST (EOI). Core samples are available to inspect upon appointment and an information memorandum on the property including EOI form is available via the selling agents. Inspection is strictly by appointment. If you would like to inspect this property or have any questions, please contact Don Olden on 0417 805 312.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist
Property History for 307 Koonwarra Pound Creek Rd, Leongatha South, VIC 3953
- 02 Sep 2019Listed for Sale EXPRESSIONS OF INTEREST
- 29 Jul 1999Sold for $287,500
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About Leongatha South 3953
The size of Leongatha South is approximately 124.5 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of Leongatha South in 2011 was 546 people. By 2016 the population was 638 showing a population growth of 16.8% in the area during that time. The predominant age group in Leongatha South is 40-49 years. Households in Leongatha South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Leongatha South work in a managers occupation. In 2011, 81.3% of the homes in Leongatha South were owner-occupied compared with 77.1% in 2016..
Leongatha South has 308 properties. Over the last 5 years, Houses in Leongatha South have seen a 83.71% increase in median value. As at 30 November 2024:
- The median value for Houses in Leongatha South is $1,172,892 while the median value for Units is $522,549.
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