1392 Diagonal RoadColes SA 5272
Property Details for 1392 Diagonal Rd, Coles
Last Listing description (September 2026)
LAWD is pleased to present for sale Neale, a highly productive agricultural land comprising 456* hectares of freehold tenure, well-suited to a diverse range of agricultural pursuits within South Australias highly regarded Wattle Range region
Key Investment Highlights:
Transitioning from established blue gum plantations to productive agricultural land, with 438* hectares (96%*) to be delivered as stumps-in-ground post-harvest, complemented by 18* hectares (4%*) of native vegetation and support land.
Diversified land use optionality, suited to a range of high-value agricultural enterprises including grazing, cropping, dairy, horticulture, viticulture and future forestry (subject to regulatory approvals).
Approximately 388 hectares will be subject to a leaseback arrangement to the Vendor after settlement pending completion of harvesting, which is currently anticipated to occur in 2026**. The leaseback area will be handed back to the Purchaser in or around 2027**.
Existing plantation area to be retained under lease through to harvest completion.
Irrigation development potential, with the opportunity to acquire water rights via the Lower Limestone Coast Prescribed Wells Area (subject to availability and regulatory approvals). The property has historically benefited from Forest Water Licences, although water licences are excluded from the sale.
Strategically located within the Limestone Coast, specifically the Wattle Range region, a premier South Australian agricultural district recognised for its productive soils, reliable rainfall and temperate climate.
Established regional connectivity, within proximity to key service centres including Penola (25* linear kilometres), Naracoorte (40* linear kilometres), Mount Gambier (60* linear kilometres), Bordertown (111* linear kilometres), Hamilton (136* linear kilometres) and Adelaide (316* linear kilometres).
Proximity to major commodity processing facilities including saleyards (Naracoorte, Mount Gambier & Hamilton), grain receivals (Naracoorte, Bordertown & Hamilton) and dairy processors (Penola & Mount Gambier) as well as abattoirs (Bordertown & Lobethal).
*Approximately
**All harvest timing, possession and handover dates are indicative only and remain subject to the terms of the relevant lease arrangements.
For sale by Private Treaty seeking offers above $4,500,000.
Property History for 1392 Diagonal Rd, Coles, SA 5272
- 28 Sep 2026Listed for Sale Offers Above $4,500,000
- 20 Jan 2011Transferred
- 08 Jun 2000Sold for $1,000,776
About Coles 5272
The size of Coles is approximately 262.4 square kilometres. The population of Coles in 2016 was 39 people. By 2021 the population was 35 showing a population decline of 10.3% in the area during that time. The predominant age group in Coles is 50-59 years. Households in Coles are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Coles work in a managers occupation.In 2021, 62.60% of the homes in Coles were owner-occupied compared with 0.00% in 2016.
Coles has 67 properties. Over the last 5 years, Houses in Coles have seen a -2.03% decrease in median value. As at 31 August 2026:
- The median value for Houses in Coles is $604,294.
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