LAWD is pleased to present for sale Midway Farm C and Farm E, Douglas Daly, a large-scale irrigated cropping development opportunity, underpinned by secure access to groundwater, located between Katherine and Darwin in the Northern Territory's productive Douglas Daly region.
KEY INVESTMENT HIGHLIGHTS:
Comprising 632* hectares in total, of which 365* hectares have been extensively developed to dripline irrigation.
Existing high-quality Indian Sandalwood plantation with trees planted in 2014*, projected to be ready for harvest within the next five* to 10* years.
Ideally suited to high-value cropping conversion (cotton, horticulture and intensive fodder production).
Historically utilised for forestry production, the property is locally referred to as Midway Farm C and Midway Farm E. It is located in a tightly held and productive agricultural region, surrounded by intensive cropping, forestry and grazing.
Access to high-quality, secure groundwater via the Oolloo Dolostone Aquifer and three bores, with a combined annual extraction capacity of 2,792* megalitres, providing significant opportunity for conversion to high value cropping pursuits.
Benefitted by quality soil types (clay loam and sandy soils), an ideal climate and proximity to the Daly River, which is located 5* kilometres to the west of the holding.
Excellent structural improvements and operational infrastructure includes high quality irrigation infrastructure and substantial residential infrastructure (four-bedroom
main homestead, two one-bedroom cottages and 32* staff rooms).
Commodity processing facilities include a newly built cotton gin at Katherine operated by WANT Cotton and Louis Dreyfus Company.
Situated in the Northern Territory's Douglas Daly region, in proximity to Douglas Daly (10* linear kilometres), Katherine (120* linear kilometres), Darwin (170* linear kilometres) and Kununurra (336* linear kilometres).
A rare opportunity to acquire a large-scale irrigation parcel in collaboration with Midway Farm A, B, and D. The combined sections total 2,429* hectares, including 1,002* hectares under irrigation (Sandalwood Plantation) and 1,427* hectares suitable for dryland cropping or grazing.
FOR SALE BY EXPRESSION OF INTEREST CLOSING AT 12PM (ACST) FRIDAY 30 AUGUST 2024.
