Lot 59 Summerland Way, Rappville NSW 2469

$660,000

222.17 Ha Investment/Development Block

This property of 548 acres is on the Summerland Way, 27 km from Casino and 74 km from Grafton. Mostly cleared property has 4 dams, 1 large lagoon and some seasonal waterholes in the creek. The property has 5 paddocks, with a lane way to all paddocks leading to good steel cattle yards. Beside the yards is a 18x7m shed, 2 open bay and 1 lockable bay with cement floor. Power runs through the property. There is income off a tower being leased at 5 yearly lease agreements out to 2030 with a 3% pa increase. There is some good fencing and building timber on property. A small area of country goes under water which is showing the benefits now in this dry time, having good feed. There is a good body of dry feed to get cattle through to the wet. Pasture improvement on this mostly undeveloped block and farming of rye/oats makes for a great opportunity of enhancing a capital gain. Contact the agent for further details of this block and other privately listed properties.

Property Details

• Type: MixedFarming