Lot 18 Camarlinghi Road, Garradunga, QLD, 4860, Australia

Phone enquiry code for this property : 9494

Located on 32.32 hectares (79.86 acres) at Garradunga, 10 kilometres north of Innisfail and 80 kilometres south of Cairns in Far North Queensland, Australia.

This property has it all - potential for future high returns when the teak crop is ready for harvest, pristine tropical rainforest which may be suitable for biodiversity offsets and carbon credit returns and cleared elevated land with sweeping views. This property would suit commercial timber growers, astute investors or hobby farmers alike.

Approximately 17.8 hectares (44 acres) is planted with 15-year-old teak trees of various sizes and maturity, some are ready for harvest. An additional 4.8 hectares (12 acres) is natural pristine tropical rainforest. The remaining 6.1 hectares (15 acres) is grassed land with sweeping views of the valley and glorious Mt Bartle Frere in the background.

The land also has an all-season running freshwater creek with abundant fish and animal life. The creek provides an abundant supply of water for irrigation, subject to the relevant water licence approvals. Town water mains and power services are located within metres of the property if connection to utilities is required.

Teak trees are in short supply in Australia and currently retail from $20,000 - $30,000 per cubic metre, depending on quality and preparation of the teak wood. The scarcity and therefore value of teak is likely to increase in the future, providing excellent returns for its new owner. This is a Great Investment Opportunity, not to be missed!

A third-party valuation report of the property will be available upon request.

Council rates: Currently $5,338 per year.

Please contact us for an inspection today!

Phone enquiry code for this property : 9494