- Price: $950,000
- Location: West Pingelly
- Area: 64.8ha
- Agent: AWN
- Contact: Rob McMillan 0427 441 934
LOCATED in the picturesque Avon Valley, 130 kilometres from the Perth CBD in the West Pingelly region is Wirewood - an outstanding rural lifestyle property.
It features 64.8 hectares of strong productive land with a very special investment portfolio.
Wirewood provides a very comfortable and spacious three-bedroom, two-bathroom home and study with excellent features including an open plan kitchen, dining and lounge, air-conditioning, log fire, solar power and wide wrap-around verandahs which are ideal for outdoor entertaining.
Located close to the homestead is a five-bay general purpose machinery shed that caters for all the farming requirements with power and water connected.
Infrastructure on the property includes a five-bay shed with an enclosed workshop, two bores - one is solar equipped and a five kiloWatt solar power system.
The property has been developed for conventional farming activities with excellent cropping and grazing areas.
However the owners have also invested for tomorrow with a well-developed sandalwood plantation of more 8000 trees that will provide for 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 show that after the commencement of harvest of the sandalwood in 2025, based on current prices of between $8000 and $14,000 per tonne, an overall return from the entire crop in excess of $1.5 million leaving the property as a major debt-free asset.
Purchase this land for $950,000 plus a growing investment and you will harvest a return within seven years.
The greatest asset is water, a very strong point of the property with a solar powered bore that is rated at 90,800 litres per day of good fresh water pumping to storage tanks which reticulate to the house, garden, orchards and troughs for livestock.
Rainwater to the house is collected from the homestead roof with more than 500 square metres of catchment collected in a 164,000L tank and from the shed with 120m2 of roof collected in two 24,000L tanks.
Being located in a very reliable and sought-after area and with its ample supply of fresh water, Wirewood offers excellent opportunities for other diversified farming activities such as the Chinese Red Date (Jujube) trees and even a vineyard if you wish.
The only obstacle is your imagination.
