- Price: $950,000
- Location: West Pingelly
- Area: 64.8ha
- Agent: AWN Property (WA)
- Contact: Rob McMillan 0427 441 934
FOR a great price of $950,000, this property offers a growing investment to generate a return within seven years.
Known as Wirewood, the property has been developed for conventional farming activities, with excellent cropping and grazing areas.
However the owners have also invested in the future, with a well-developed sandalwood plantation of more than 8000 trees which will provide an excellent superannuation investment package.
Government research shows that the Australian sandalwood industry is set to dominate world supply of sandalwood oil, so this property has a very promising future for the astute buyer.
The projected returns after the commencement of harvest of the sandalwood in 2025 indicate current prices between $8000 and $14,000 per tonne, providing an overall return from the entire crop in excess of $1.5 million, leaving the property as a major debt-free asset.
Located in the picturesque West Pingelly region, Wirewood is an outstanding rural lifestyle property.
It features 64.8 hectares of strong productive land with a special investment portfolio.
Wirewood has a comfortable, spacious three-bedroom, two-bathroom home with a study.
It has an open-plan kitchen, dining and lounge area, air-conditioning, wood fire, solar power and wide verandahs.
Additional infrastructure includes a five-bay general purpose/machinery shed with power and water connected.
One of Wirewood's greatest assets is water, with a solar powered bore that is rated at 90,800 litres per day of good quality fresh water pumping to storage tanks which reticulate to the house, garden, orchards and troughs for livestock.