OFF MARKET

485 Oates Road
Tutunup WA 6280

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 151m2
Land area: 405090m2
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Property Details for 485 Oates Rd, Tutunup

485 Oates Rd, Tutunup is a 3 bedroom, 1 bathroom House and was built in 1980. The property has a land size of 405090m2 and floor size of 151m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
House
Year Built
1980
Floor Size
151m2
Land Size
405090m2
Local Government
Busselton
Lot/Plan
1779/P201686

Last Listing description (May 2023)

Iluka is seeking Expressions of Interest from parties interested in leasing a 40 ha rural property in the Tutunup region within the City of Busselton (485 Oates Road, Tutunup). The property is improved with approximately 11 ha of vineyard established in 1999 and 2002 inclusive of Shiraz, Cabernet Sauvignon and Merlot vines.

A lease of the property offers:
Approx. 20 ha livestock grazing land of clover and rye grass.

80 head steel cattle yards and crush.
40,000kl groundwater licence that supplies commercial water from the
Busselton-Capel groundwater subarea.
Two bores servicing the vineyard and residence. New variable speed drive
was installed in 2021 with maximum flow rate output of 7 litres per
second.
Reported tonnages from 2022 vintage was approx. 80 tonnes.
Each row of vines has a drip irrigation pipe supplied by an underground
PVC pipeline to the vineyard via the fertigation system and associated
infrastructure located within the pump shed.
Boundary and internal fencing is in good condition.
Four paddocks and grazeable laneway all watered by troughs.
Good hay production annually, great fertilizer and lime history.
Storage sheds and workshop areas.
3 x 1 brick veneer home will become available June 2023
Remnant vegetation area 9 ha.

The general terms and conditions of a potential lease of the property are (subject to negotiation):
- Three-year term with an option to renew (strong preference for a long-term tenant)
- Annual rent will be charged according to regional benchmark commercial rates.
- The residential property, vineyard and grazing land all included (if you are only interested in leasing only the vineyard / grazing area please indicate this in your EoI).
- Supporting mobile farm equipment and machinery (optional)
- Tenant will be responsible for management of firebreaks, feral animals, weed management and ongoing repairs and maintenance of the farm infrastructure and access tracks and this will be outlined in the lease.
- Tenant must hold and maintain public liability insurance.
- The remnant vegetation area must not be disturbed.
- The option to sublease any part of the property is not available.

Inspections are strictly by appointment only. For further details or to register your interest please send your details to land.admin@iluka.com

Property History for 485 Oates Rd, Tutunup, WA 6280

A timeline of how this property has performed in the market
Last Sold
$1,400,000
01 Jun 2022
Listed for Rent
16 May 2023
  • 27 Oct 2022
    Listed for Rent - Price not available
  • 01 Jun 2022
    Sold for $1,400,000
  • 28 Jan 2022
    Listed for Sale EOI closing 5pm,Tues March 1st, 2022
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About Tutunup 6280

The size of Tutunup is approximately 41.5 square kilometres. It has 1 park covering nearly 1.1% of total area. The population of Tutunup in 2011 was 361 people. By 2016 the population was 56 showing a population decline of 84.5% in the area during that time. The predominant age group in Tutunup is 50-59 years. Households in Tutunup are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tutunup work in a managers occupation. In 2011, 68.9% of the homes in Tutunup were owner-occupied compared with 62.5% in 2016..

Tutunup has 87 properties. Over the last 5 years, Houses in Tutunup have seen a 15.09% increase in median value, while Units have seen a 143.08% increase. As at 31 October 2024:

  • The median value for Houses in Tutunup is $1,825,497 while the median value for Units is $876,917.
There are currently no properties listed for sale, and no properties listed for rent in Tutunup on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Tutunup.

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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.