250 Lower Plains RoadLethbridge VIC 3332
Property Details for 250 Lower Plains Rd, Lethbridge
Last Listing description (May 2017)
Rock In Supply
This offering represents a significant opportunity to lock away an estimated reserve of 41 million tonnes of 'slightly weathered to fresh basalt' strategically located to Melbourne's western growth corridor.
Under exclusive instruction, Hellyer Consulting Pty. Ltd. in conjunction with Landmark Harcourts Bannockburn is pleased to present for sale by formal Tender closing 1st of August 2016 at 4.30pm Eastern Standard Time, 250 Lower Plains Road, Lethbridge, Victoria.
250 Lower Plains Road, Lethbridge, is a 206.24 hectare (approximately) property currently operated as a mixed farming (crop and cattle) enterprise.
An extractive resources survey was commissioned by the owners of the property in 2010. On completion of the survey, the company engage to conduct the survey estimated a resource on title of 41 million tonnes of 'slightly weathered to fresh basalt'.
Basalt is used for a wide variety of purposes. It is most commonly crushed for use as an aggregate in construction projects including road base, concrete aggregate, asphalt pavement aggregate, railroad ballast, filter stone in drain fields and may other purposes.
Access to construction materials is vital as communities grow, as materials are the single largest cost component of new infrastructure projects.
Property Description
The arable western section of the property is used for cropping, the rockier eastern section of the property is used for grazing.
Structural improvements include;
3 bedroom weatherboard home (currently tenanted).
Multiple machinery sheds.
Shearing shed.
This is an outstanding opportunity to lock in a significant supply of a valuable building and construction commodity.
Tender IM & Supporting Documentation
Tender IM and supporting documentation can be collected from Landmark Harcourts Bannockburn, Shop 11 Country Plaza, Bannockburn VIC 3331.
Alternatively go to http://jasonhellyer.com/membership-join/ to establish a website login and download all documents immediately.
Questions and requests for further information must be directed to;
Jason Hellyer (mobile) +61 403 043 571
Rene Pompe (mobile) +61 419 764 940
Property History for 250 Lower Plains Rd, Lethbridge, VIC 3332
- 08 Dec 2022Sold for $19,900,000
- 25 May 2021Transferred
- 23 Mar 2016Listed for Sale Contact Agent
Recent sales nearby
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About Lethbridge 3332
The size of Lethbridge is approximately 88.4 square kilometres. The population of Lethbridge in 2016 was 1014 people. By 2021 the population was 1181 showing a population growth of 16.5% in the area during that time. The predominant age group in Lethbridge is 50-59 years. Households in Lethbridge are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lethbridge work in a trades occupation.In 2021, 86.00% of the homes in Lethbridge were owner-occupied compared with 90.50% in 2016.
Lethbridge has 749 properties. Over the last 5 years, Houses in Lethbridge have seen a 42.05% increase in median value, while Units have seen a -13.18% decrease. As at 30 November 2025:
- The median value for Houses in Lethbridge is $914,691 while the median value for Units is $256,532.
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