263 HA | APPROX. 650 ACRES | RADIATA PINE & GRAZING POTENTIAL
$1,025,000 | Approx. $1,576 per acre
A unique rural holding combining established Radiata Pine plantation with significant potential to return previously harvested areas to productive grazing country.
Comprising approximately 263 hectares (649.8 acres), the property originally included approximately 223 hectares (551 acres) planted to Radiata Pine between 1990 and 2002, at approximately 1,600 trees per hectare.
Today, approximately 100 hectares remains standing in pine, providing an existing forestry asset and potential income opportunity. The balance comprises previously harvested plantation areas, offering scope for clean-up and conversion back to grazing country.
With a combination of standing timber, substantial land area and future flexibility, this is an opportunity to secure a property with a point of difference from the traditional rural holding.
Offered at $1,025,000, representing less than $1,580 per acre - an outstanding opportunity to secure a 650-acre property with established Radiata Pine, forestry income potential and the opportunity to progressively reclaim country for grazing and ameliorating.
Contact Agent Danny Verrall - 0421 677 588 today for any further information.
RLA 153432
The size of Bangham is approximately 307.1 square kilometres. There are 4 parks, covering nearly 5.8% of the total area. The population of Bangham in 2016 was 65 people. By 2021 the population was 81 showing a population growth of 24.6% in the area during that time. The predominant age group in Bangham is 10-19 years. Households in Bangham are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bangham work in a managers occupation.In 2021, 67.90% of the homes in Bangham were owner-occupied compared with 88.80% in 2016.
Bangham has 69 properties.
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