This 43.41 HA property is truely a rare opportunity.
It offers a current income of 9.07% on the full purchase price of $1.4M with the possibility of increasing this through two more agricultural leases.
In total there are currently five agricultural leases and two residential leases.
Each of the agricultural leases are long term with hundreds of thousands of dollars of infrastructure put in place by each lease holder though either hot houses or blueberry infrastructure. Importantly, each lease holder is guaranteed enough water to be self sufficient for their farming needs either through a dam or a slice of the 20 MEG bore license.
These leases are mostly 10 years with a 10 year option to guarantee you income for decades to come. Not only do you have this income but also the capital growth of the land value to make this an exceptional investment opportunity for now and into the future.
For full financial details and a private inspection please contact Peter Creenaune on 0417 244 906.
Rates: $2626.83 p/a Land Size: 43.41 ha
We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Property Code: 1271
