Douglas-daly NT 0822

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.