Property For Sale South West WA: Strategic Development Site

Cattle Property For Sale WA With Huge Development Potential

‘Point Grey South’ presents a once-in-a-generation opportunity to take control of a strategic development site in a rapidly growing region located halfway between Perth and the renowned Margaret River and South West tourism region in Western Australia.

As one of the largest privately owned land holdings fronting the pristine Peel-Harvey Estuary, the rural property for sale WA also comes with the benefit of income generated by an operating cattle farm, apiary business and short-stay heritage cottage.

Boasting a dynamic use profile, the property spans 590.8895 hectares (1,460.1198 acres), including approximately 66 hectares of ‘special development’ zoned land, 494 hectares of ‘rural’ zoned land, and 31 hectares zoned for ‘regional open space’.

The current Outline Development Plan estimates ‘Point Grey South’ could accommodate around 753 residential lots (STCA) in a region forecast to experience strong growth in population and housing demand.

WA is Australia’s strongest-performing residential market, with annualised growth of 26.8 per cent to May 2024, according to CoreLogic, underpinned by a booming resources sector. Almost 40 per cent of employment in the Point Grey region is in manufacturing and mining.

This rural property for sale WA offers a strategic development site located halfway between Perth and renowned Margaret River

Further underlining its future development potential, the north-western potion of the property zoned ‘special development’ adjoins a future master planned circa 3,000-lot primary Point Grey project area which will one day provide access to an incredible array of amenities and multiple additional interfaces with the Peel-Harvey Estuary.

Uniquely, ‘Point Grey South’ boasts more than five kilometres of frontage to the Ramsar-listed Peel-Harvey Estuary, and extensive frontages to quality parks and recreation reserves. This is a combination of features which is distinctive to the WA market.

In the interim, the property benefits from a long-standing rural enterprise managed by a highly-regarded farm manager with significant regenerative agriculture experience as well as a strong understanding of traditional farming methods.

The farm operation is recognised as a progressive and successful regenerative cattle farm, with a high-quality Angus herd, and has benefited from several environmental grants for farm development.

Featuring predominantly stock-proof fencing, its current estimated herd (as at May 2024) stands at 143 cows with calves at foot (average age five years); 50 yearling replacement heifers; and six herd bulls. Carrying capacity is estimated at 2.5 DSE/hectare.

This rural property for sale WA benefits from a long-standing rural enterprise managed by a highly-regarded farm manager

Supporting the livestock operation on ‘Point Grey South’ is approximately 25 hectares of fodder crop set to be sown in 2024 on the property’s sandy loam soils. A detailed plan is in place to progressively increase fodder production each year to support herd maximisation.

Averaging more than 603.9mm of rainfall per annum, the region’s climate is also favourable for agriculture. The Mandurah region is characterised by a Mediterranean-style climate with hot, dry summers and cool, wet winters.

With proximity to the coastline, rainfall patterns are considered more reliable and are generally winter dominant with up to 76 per cent of rainfall occurring through the months of May to September.

Complementing this, the neighbouring property has the capability and license to supply water and treat water via a ground-water treatment facility. There’s also a bore licensed for stock watering irrigation and another smaller submersible bore for back-up stock watering purposes.

Aside from myriad potential urban and tourism uses contemplated under the ‘special development’ zoning, the ‘rural’ portion of the site could also accommodate additional uses including caravan park, camping area, bed-and-breakfast/accommodation, winery or restaurant/café.

This rural property for sale WA features a fully restored heritage cottage featuring two bedrooms, currently listed for short-stays

‘Culjum House’, a fully restored heritage cottage built in the 1850’s featuring two bedrooms and one bathroom, is currently listed for short-stays.

Additionally, the property also hosts a recently renovated three-bedroom, one-bathroom farm manager’s residence and transportable office.

Located just 28 minutes from Mandurah and 60 minutes south of Perth, ‘Point Grey South’ presents a rare opportunity to take control of one of WA’s most strategic land holdings, benefiting from significant future urban development potential, supported by strong income from existing cattle farming, apiary and short-stay accommodation businesses.

Click on the following link for more information on this rural property for sale at 745 Carrabungup Road, Point Grey, WA.