Lot 805 Maranup-ford Road Greenbushes WA 6254
Investment Opportunity 84.17 Ha (208 Acres) Prime Reliable LocationLot 805 Maranup-ford Road, Greenbushes
The property is 84.17 hectares or 208 acres and in 2003 forty hectares (100 acres) of Tasmanian Blue Gums and 35 hectares or 86 acres of pines were planted. The blue gums have now been harvested and coppicing up. The pines have been thinned and low pruned. Both timber assets are professionally managed.
Greenwood Farm is undulating to hilly, mainly gravel loam soil types with two creek systems running through the property that has permanent water.
The three bedroom house is approximately 100 years old and was extensively renovated in 2003. It is serviced by a 45,000 litre rainwater tank with the toilets connected to another 16,000 litre tank that is automatically filled from a soak in the creek system. The house is currently let (with very good rental income) with the current tenants having been there for many years and they have indicated their desire to continue to stay on the property. This does all contribute considerably to the income from the property.
Greenwood Farm presents a very good investment opportunity as the plantation timber is owned by the owners of the property with the pines expected to reach harvest production within 12 - 13 years.
The three way income with the pines, regrowth blue gums and the rental of the house should suit an astute investor as part of their superannuation fund or just a straight out investment opportunity.
Greenwood Farm is offered for sale by "Expressions of Interest" which close at 4.00 pm on 29th September 2017.
Contact John Wilson 0428 866 033 or Jeff Heath 0429 311 223.
- No inspections scheduled
- Contact Agent
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Real Estate For Sale in Greenbushes, WA 6254 priced between $410,000 and $750,000