17%return per annum
Lifestyle and income opportunities like this rarely become available. The owners of 22 years are retiring and offer the property and business on a walk in walk out basis.
The freehold property: situated just 18 minutes from the Cairns CBD this 4.83 Ha property is surrounded by a creek and lush rainforest. There are mountain views in all directions and it is just 4 minutes to Gordonvale (an outer Cairns suburb) with its Post Office, supermarket, primary and high schools. The property enjoys all town services. This is a truely unique place with the large permanent creek to create a natural barrier around most of the property. There are only a handful of acreage properties this close to Cairns with a permanent creek and rainforest like this.

The Residence: The large tropical timber home is constructed to the highest standards from exotic silky oak timber. It features high ceilings and extensive use of tinted glass for cooling. The numerous french doors open onto large wide verandahs to facilitate the tropical lifestyle unique to North Queensland. All rooms are large and cool with tiled floors throughout. The house has 4 bedrooms, 2 bathrooms and generous living areas. Adjacent to the house is a 10 meter salt water pool and a large entertainment room which includes a full sized billiard table. There is extensive tropical landscaping, grass tennis court and numerous fruit trees.

The Business and Improvements: Tropical Blooms is Australia’s oldest established tropical flower farm. It offers one of the largest stocks of tropical flowering plants in the country. There is a detailed inventory which shows stock of over 450,000 rhizomes and plants available. A quick search on the internet will give an indication of the value of theis extensive plant pool. Four large shade houses, large packing and storage facilities and an extensive list of plant and equipment are all included.

The Breakup: The purchase price for Tropical Blooms includes the freehold property and improvements valued at $1,500,000. Plant and equipment valued at $165,000 (Replacement cost $375,000). Large inventory of almost half a million rhizomes and plants. Over 45,000 meters of foilage plant cane plus the business $635,000.

The Potential Return: Ongoing rapid growth of Cairns guarentees and increasing demand for acerage property close to Cairns CBD. There is good subdivision potential for the future. Over the last 8 years the value of acerage close to Cairns has enjoyed growth in excess of 12% p/a. Projected increases in values estimate a return over the next 10 years in excess of 10% per annum in acerage values. Combine this with an adjusted average net profit over the last 5 years of 7% of total purchase price and this property and business offers the astute investor a return of around 17% on the total price.

Potential buyers need not have growing experience. The current owners have produced a detailed operations manual and will supply all training for as long as required. Also there is a well trained staff pool which currently do most of the day to day work.