Land area 50 ha – 124 acres
All under Bananas.
All irrigated – under tree sprinklers.
3 bores
Two operational bores set up with motors and pump.
1 bore not being used.
Computerised set-up for irrigation.
MACHINERY AND EQUIPMENT
1 x Kubota M8200 4WD
1 x John Deere 5420 4WD
1 x Bogging machine 4WD
1 x spray tank 600 litres
1 x large fertigation trough
1 x electric motor
2 x Tandem wheel trailers (for roll on roll off)
1 x set of points
Lease commencement date 1st October, 2005.
Lease terms 5 + 5 + 5 years.
Rent $1,160 per hectare.
Rent Review – every year.
$800,000 wiwo.