BACKGROUND

The Brisbane Valley region has been a grazing and horticultural region for more than a century. The first Europeans arrived in the area in the 1840′s, and the Town of Lowood was established in 1884.
It is 66 kilometers west of Brisbane, just off the Brisbane Valley Highway, and 90 minutes from the Gold and Sunshine Coast beaches.

Lowood is located on the Brisbane River, and predominant land use is dairy farming, vegetable growing, and rural lifestyle blocks.

Production services the Queensland and international markets.
The population of Queensland is 4,400,000, of a total Australian population of 20.5 million. About 2 million Queenslanders live in greater Brisbane, the State Capital.
Lowood is on the Western rural fringe of Brisbane.

HISTORY

The vendor has been associated with horse training in the Brisbane region for many years.
He purchased this property in 2002, and since then, has substantially improved the pastures, and property in general.

LOCATION

The farm is located on Rifle Range Road, about 10 minutes from Lowood. Rifle Range Road is a sealed road, running off the Forest Hill – Fernvale Road
Lowood has all local store services including a Medical Centre, supermarket, schools, hotels etc.
The property has bitumen road access. It covers 40.77 ha (100 acres), on 1 freehold title.

DESCRIPTION

40.77 ha (approximately 100 acres) total site area, of which the majority is fertile blacksoil, running to sandy loam, all cleared, watered from the 2 bores
(1 not equipped), together with the creek, which has a 100 megalitre licence. Flat to gently undulating land, well fenced, and divided into 3 main paddocks, and 7 smaller paddocks. The property has access to Rifle Range Road, and has frontage to Lockyer Creek.

IMPROVEMENTS

4 bedroom 3 bathrooms plus study airconditioned brick executive residence, with European kitchen and formal and informal areas, in excellent condition. Double garage. Approximately 35 squares.
Older 3 bedroom champferboard cottage with storage area under, in fair but liveable condition.
Large steel frame training facilitiy with washing facilities and 8 fully lined stables, quarantine compound, and 14m sand roundyard, in excellent condition.
Large hay / machinery shed, in good condition
Pumps and tanks.
2 bores, one operating. Flow rates are 8000 gph (equipped), and 6000 gph, (unequipped). Creek pump is 15,000 gph on the irrigation mains(50 hp electric pump).
All pumps are 3 phase.
Various water tanks, all connected to the bores.
Three phase power
Full irrigation system, with 11 hydrants and central main.

All buildings and improvements are in very good condition

CURRENT USAGE

The property is a fully operating horse stud. A farrier lives onsite in the cottage, and the main residence is leased until March 2010.
The property is currently underutilized, as it could be growing up to 40 acres of Lucerne.
The vendor advises that the neighbouring dairy farm cuts 60 bales to the acre, and 8 cuts per year. This would amount to about 19,000 bales per annum, at a minimum of $10 per bale wholesale.

PRICE

$1,800,000. A list of included chattels is attached.
This represents good value for such a comprehensively equipped training facility, 1 hour from Brisbane, and 90 minutes from the Gold Coast. The property offers lifestyle, convenience, and income.

TERMS

Settlement period: 30 days from completion of execution of the contract.

FUTURE POTENTIAL / EXPANSION

There is considerable scope to increase profitability. There is ample water supplies on the property, and as previously mentioned the vendors believe that either Lucerne or small crop production are viable options.

SUMMARY

This property offers exceptional lifestyle, especially for the horse lover, excellent water, a complete plant inventory, and a very comfortable executive residence. It is all well maintained, and the current business is successfully operated. There is scope to diversify into vegetables or fodder crops without compromising the horse stud operation.
RAY WHITE RURAL ESK

Sustainability Declaration will be available from Ray White Rural Esk as at 1 January 2010
Andrew Mogridge 0408 703 522
Wayne Jaenke 0438 231 634