HIDDEN away in the picturesque Rosa Glen, 706 Manear Road is about 15 kilometres from Margaret River as the crow flies.
With plenty to offer, this property has an array of scenic areas to build your perfect home or just a low budget weekender to enjoy the many activities available in the South West.
Power conveniently runs down the western and northern edges of the property, giving you plenty of build sites to choose from.
With two years of plantation lease payments still due ($25,000 plus Consumer Price Index), this property makes an attractive proposition to any buyer.
The current pine plantation lease is due to expire and be harvested in 2021, so a new owner could replant with trees, allowing the stumps to decay while using the property for grazing.
Or you could stump grind the property to get it back producing for full agricultural use.
A stumpage payment (4.7 per cent) is due when clear felling takes place, which could cover a considerable part of rehabilitation costs.
Parcels of land this size rarely come onto the market in the Margaret River region and especially under $11,121.80 per hectare.
Don't miss this opportunity to make a smart investment.
- Price: Offers above $800,000
- Location: Rosa Glen
- Area: 77.2ha
- Agent: Landmark Real Estate Bunbury
- Contact: Ben Lloyd-Smith 0409 875 588 or Daniel Lloyd-Smith 0400 291 226