OFF MARKET

Edward Road
Narngulu WA 6532

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 196418m2
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Property Details for Lot 2 Edward Rd, Narngulu

Building Type
Rural
Land Size
196418m2
Local Government
Greater Geraldton
Lot/Plan
2/D061695

Last Listing description (May 2022)

$1,100,000 (vacant possession)

- Prime investment or production opportunity on Geraldton's doorstep.
- Vacant possession or horticultural infrastructure included.

Located just 11km from the Geraldton port and CBD, this versatile property presents a rare opportunity to acquire prime real estate adjacent to the city's light industrial area and airport. While currently utilized for intensive agriculture, the property is offered as vacant possession or the option to include the semi-permanent horticultural infrastructure should a buyer wish to continue the enterprise.

Lot 2 Edward Road consists of 19.64ha of flat & fertile red loam soil ideally suited to a wide variety of high value crops such as cucumbers, tomatoes and capsicum. The semi-permeant horticultural infrastructure consists of 40 hothouse tunnels along with automated water pumping and irrigation equipment. Approximately 14,000m2 of undercover growing area is supported by a 6,000m3 (approx) dam which is fed from rooftop catchment. Where required, water supply can be supplemented from three scheme water connections or the unequipped bore.

The multipurpose 69m x 7m zincalume shed is the property's only permanent structure. While utilized for produce packing and general storage, its design allows for versatile use with two enclosed bays, sliding door entrances and a central workshop or parking area.

With 200m frontage to a main arterial route in Edward Rd, side access via Brice Rd and just 5km to the Brand Highway via Rudds Gully Road, this property is perfectly positioned for high exposure and a multitude of uses.

Other key facilities located in the immediate area include the Narngulu cattle saleyards and CBH bulk grain storage site.

With of property yet to be developed, this site has significant potential to expand the horticultural enterprise (with most of the hard work complete) or start with a blank canvass with vacant possession.

Inspections by appointment only with exclusive selling agent Yves Beagley of Nutrien Harcourts Geraldton - 0438 326 608.

Property History for Lot 2 Edward Rd, Narngulu, WA 6532

A timeline of how this property has performed in the market
Last Sold
$820,000
03 Nov 2020
Listed for Rent
10 Jun 2016
  • 03 Nov 2020
    Sold for $820,000
  • 12 Aug 2019
    Listed for Sale $1,300,000
  • 02 Aug 2018
    Listed for Sale $1,400,000
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About Narngulu 6532

The size of Narngulu is approximately 25.2 square kilometres. The population of Narngulu in 2011 was 508 people. By 2016 the population was 379 showing a population decline of 25.4% in the area during that time. The predominant age group in Narngulu is 20-29 years. Households in Narngulu are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Narngulu work in a machinery operators and drivers occupation. In 2011, 87.1% of the homes in Narngulu were owner-occupied compared with 91.3% in 2016..

Narngulu has 256 properties. Over the last 5 years, Houses in Narngulu have seen a 90.07% increase in median value. As at 30 September 2024:

  • The median value for Houses in Narngulu is $488,451.
There are currently 1 property listed for sale, and no properties listed for rent in Narngulu on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Narngulu.

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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.