Lot 102 Kargotich Road Oldbury comprises 35.1604 hectares / 86.88 acres / 351,604 sqm of rural-zoned land on the fringe of industrial and residential zones.
Strategically located and premium quality rural grazing land is ideally positioned in the rapidly expanding locality of Oldbury, bordering West Mundijong, with superb accessibility from this corner allotment benefiting from dual road access available via Leipold Road and Kargotich Road.
The Kargotich Road frontage spans a considerable 1.01km stretching from the corner of Leipold past Bishop Road (new Tonkin Highway entry/exit interchange) and the industrial area all the way to the railway crossing at the northernmost corner of the lot, while the Leipold Road frontage delivers 362 metres of road frontage.
Comprising rich loamy soils this property has produced superior pastures and hay over many years courtesy of excellent management, currently utilised for grazing Angus cattle with spottings of shady tree belts and fencing in great condition.
Nearby developments and State Government infrastructure projects underway are numerous and varied between industrial, residential estates and the new Tonkin Highway extension plus the Westport road links, which have collectively bolstered the appeal of large lots such as this one, commanding the attention of the astute investor or landbanker.
Local Government and departmental support has been publicised and encourages detailed regional structure planning from the WAPC which could well pave the way for the proposed WMUP (West Mundijong Urban Plan) and Industrial Area Expansion, in order to support the exponential growth forecast for population of Mundijong by some 1,100% by 2050.
This key parcel is critically positioned directly opposite the West Mundijong Industrial Area, the Bishop Road connection to the new Tonkin Highway and sits to the immediate north of the proposed WMUP. With access to major roads and employment for the increasing residential population there's no wonder this area is under the proverbial magnifying glass.
Evidently there's a strong case for considering that the 'proposed' restructuring of land uses and zoning in the immediate area can only stand to benefit the future potential of this site subject of course to approvals and statutory progress.
The opportunities for the future of this significant property are wide-ranging, with some nearby industrial zoned land sites selling for extraordinary numbers. While still in the early stages of planning there's no question that with progress comes investment - and landbanking or rural leasing this strategically located property in the meantime is a realistic opportunity for the forward-thinking investor.
Contact the Miles Walton team from Acton Belle Property directly for more information, the IM and to arrange inspection of this property by appointment.