Babinda QLD 4861
$1,370,000

DESCRIPTION

Phone enquiries - please quote property ID 07772

The possibilities are endless with this property!

This nearly 200 acre property which can be split into two nearly 100 acre blocks, is flanked on one side by the high volume, never dry, Russell River. This river frontage extends for many kilometres and the entire length of the property. The opposite side is flanked by virgin rainforest, and there is an elevated section, which is uncleared, providing commanding views over the property.

Most of the property has stunning views as seen in the attached photos of Mount Bartle Frere, which is the highest mountain in Queensland.

The quaint township of Babinda can also be seen from various locations. There is easy access to a number of boat ramps which are the gateway to the Great Barrier Reef and the unspoiled High and Franklin Island Groups. This could be your lifestyle retreat that is only 38 minutes to Cairns. The property supports an unusually high number and variety of native wildlife including a stunning array of water birds.

The property is currently leased by highly experienced operators and returns a healthy 20% of the gross proceeds from the crop every year without having to lift a finger! With the advent of high oil prices, we have witnessed the highest sugar price on record in the 06/07season. The price is rumoured to increase again next year as a result of a combination of sugar being diverted to ethanol production in Australia and the withholding of sugar worldwide (especially Brazil) to supplement their own ever increasing needs for ethanol production in countries that already have well established ethanol plants. The property averages 6000 tonnes when fully planted but neared 7000 tonnes in 2006.
The rapidly expanding tree growing industry has also been accumulating large tracts of land all over North Queensland.

The property has exclusive access to a vast sandpit, which refills itself from the river. It also has exclusive access to a large red dirt quarry.

Used as a commercial or farming venture, this property provides an endless supply of water and very rich soil which facilitates a vast array of opportunities and is ideal for irrigated crops or use in the aquaculture industry. Drainage has been expertly implemented which more than adequately deals with the high rainfall of the area.

DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.