395 Mongogarie Road Leeville NSW 2470

Phone enquiries - please quote property ID 24673.

LEMONGROVE 521 ACRES WITH HIGH POTENTIAL INCOME – 2 DWELLINGS – JUST 15 MINUTES FROM CASINO

Known as “Lemongrove” this magnificently presented rural holding commands infrastructure poised on a low ridge overlooking both North and South alluvial flats bounded by creeks a holding of some 521 acres and refers you to the Aerial boundary photography. (More photos available on request).

Lemongrove has two very well-built homes (constructed late 1990’s). The principal residence is a custom-made spacious Colonial Style brick and Colourbond construction with wide wrap-around verandas from which you can see the entire property North and South.

The residence is beautifully maintained with 3 bedrooms, ensuite and bathroom, high ceilings, ducted air conditioning, a modern solid timber kitchen, Cathedral ceilings, full-length timber French doors, and tiled flooring throughout. Outside has a very inviting 11 meters 60,000-liter in-ground pool.

The second residence is a modern weatherboard home with two bedrooms and Lemongrove Offices. Comprising tiled flooring throughout, fully air-conditioned, and in mint condition. This residence is functioning as an Airbnb providing approximately $20k p.a. as additional farm income.

Two large fully enclosed machinery sheds with power and water. additionally, they and the residences capture, adequate, rainwater for two significant rainwater tanks [40,000 liters].

The residential and machinery sheds and lawns and gardens are enclosed within two hectares and close by are the stockyards fully equipped with Race, Crush, and Weighing Scales and calf pens with race and cradle and two holding paddocks.

Lemongrove, entrance driveway; (opposite Leeville Hall), is also an Airstrip of 1,000 meters for Arial Fertiliser and crop Spraying applications and all air traffic. The laneway from the Lemongrove entrance runs from the North entrance to the South boundary all paddocks are gated to the laneway. A second side entrance at the ridge (150 Busbys Flat Rd) caters to all heavy traffic, stock transport, earth moving equipment, fuel, and gas supplies all Produce transport.

Further Details:
Environment; Sub Tropical, mild summers and winters, Coastal Winds, and rain South East. Expect an average of three touches of frost over July and August. Statistically average annual rainfall is 42 inches. [Bureau of Meteorology]

Lemongrove purchased in 1981, has never experienced Drought; occasional dry periods and wet periods periodically for say two to three months.
Seasonally, 65% of rainfall falls from January to May. The grass sward [green short grass ground cover], covers entirely Lemongrove, generally much if not all have a dense sward of green and dry grass covering the sward [see photos].

There are four Purchase Offerings:
1. Buy the business which owns Lemongrove: Live on or off and Farm Management on/off-farm.
Revenue: farm market outlets: local, State/Inter-State, National, and Exports China and share dividend franked/unfranked.
Significant benefits of existing facilities and minimalization of Taxation to be gained.

2. Buy Lemongrove Property Only
Revenue Potential, Hay production [Feed Central Commercial Outlet] $300,000.00+/annually. Farm markets outlets: local, State/Inter-State, National and Exports China, and Casino Abattoirs.

3. Buy Shareholding in the business: if capital resources are limited. For example, $500,000 or say, $1,000,000 or more or less. Live on/off Lemongrove. Participate or not participate in farm management practices.

This offer may be of interest to: for example:
• Farmers west of the Divide, selling their rural interests and want closer coastal living environmental conditions but still want farm revenue.
• Hence, limited capital resources will not preclude this farmer from buying and living on Lemongrove and running it as a farm business.
• Higher Income Earners, City Businesses, Professionals, and City/town dwellers, anyone who just wants a farm and would like to live on/visit frequently/non frequently the Farm Lemongrove; essentially, the accrual of investment wealth and an opportunity to minimize personal/business/corporate Income Taxation.
• International Interests; ideally situated for Agricultural Expansion

4. Buy, Part Lemongrove, block of Land, Lot 2 DP 625431. 100 acres [40ha]. Part of Lemongrove fronts Mongogarie Road access. Flatland, with a large lagoon approx. one kilometer in length. Old dairy farm buildings on-site in front of the dam-walled Lagoon give a large expanse of water. Power supplied.
You will find this block in the photograph at the northern end fronting Mongogarie Road.
the photograph showing the Lemongrove entrance is the entrance to the Block.
The photograph showing the Road [Airstrip] running North in the center of the photograph shows the Block is North and on both sides of the Road from the group of trees in the center of the photograph.

Demographics: Local Airport Services, Ballina Airport. State Services, one hour, and Coolangatta, 1.5 hours for State and International. Demographically, means “close to home” and easily accessible and low-cost travel.

All family facilities, Schools, Shopping, Hospitals, and doctors, legal, available at Casino/Lismore/Ballina, additionally school bus services at Lemongrove, Leeville, to Casino Schools and a Primary School at Leeville.

Additional photos are available.
Inquiry is welcomed at any time.

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.