$420,000 + GST if applicable
This 66.532ha (166acres) rural lot is only 6 kilometres from central Bridgetown. The lot contains approximately 51 ha of blue gums with a guaranteed income for the next 6 years showing a net return of over 5.5% per annum. There may be opportunity to renew the lease.
The property is leased to a reputable plantation company till January 2021 with payments being made on a quarterly basis.
The property has a winter brook with potential sites for a dam.
This would suit buyer who wants to land bank a lifestyle block and have maintenance free income.