Situated 8kms from Greenbushes on Maranup Ford Road this 84.17ha (208acres) provides great investment opportunity to astute buyer. Suitable for self managed superannuation fund and capital growth. Planted in 2003 with 35ha of Pinus Radiata and 40 ha of Tasmanian Blue Gums, the latter having just been harvested with the next harvest being available in approximately 8 years. The pines have been thinned & low pruned with potential income being derived progressively throughout the next 12 to 14years of their growth.
Greenwood Farm consists of mainly gravelly loam soils with two creek systems running through the property and undulating terrain.
The property includes a 100 year old 3x1 residence which was extensively renovated in 2003 and has been tenanted with the same current tenants for many years, and who have indicated a desire to continue to stay on the property. The property has ample rainwater tank catchment and a soak on the creek system.
This property presents a very good investment opportunity as the plantation timber is owned by the owners. With the market for timber products being on the increase it offers investors income from three sources: Pines, Blue gums and rental of the house. Property ID: #WBR7277