Great Superannuation Investment Opportunity – returning in excess of 10% p.a on capital value.
Land use – 95 ha’s currently leased to Wesley Vale Engineering Pty Ltd (Gunns Ltd) with a further 95 ha’s lease to Forest Enterprises Australia Pty Ltd. This property offers a great opportunity for the astute investor.
The current leases together return $52,000 p.a including GST and are indexed to CPI each year. Payments are made quarterly in advance (WVE) and half yearly in advance (FEA).
The property is located on the Nook Road at Nabowla in the foot hills of Mt Arthur and is only twenty one kilometres from Scottsdale and approx. 45 kilometres from Launceston.
The Little Forester River runs through the property which adds a magnificent ambience to the whole area.
Power and phone lines also run through the property. The Nook Road and North Blumont Road both run through the property allowing good access and opportunity for a house site STCA.
Recommended for inspection.