Superannuation Investment Opportunity with subdivision and future farming potential.
Currently leased to Wesley Vale Engineering Pty Ltd (Tamar Tree Farms) this magnificent property at Bacala Road in Tasmania’s picturesque Lebrina district offers a great opportunity for the astute investor.
234 ha’s of the property is currently planted to E.nitens plantation with the remaining 37 ha’s being grass reserves tracks and streams.
The current lease returns $68,000 including GST per annum. Payments are made quarterly in advance and are indexed to CPI. The lease agreement has a term of thirty years expiring in 2028.
The property is located on the Bacala Road and The Paling Track at Lebrina and is only five kilometres from Lilydale and twenty one kilometres from Launceston.
The Third River runs through the property which offers a good water source for livestock.
All services are close by and there are numerous house sites available STCA.
Inspection is recommended.