$775,000 Nil GST (Going Concern)

THIS IS A GENUINE OPPORTUNITY TO MAKE AN OFFER TO A SERIOUS SELLER

453 Acre mixed farming enterprise opportunity with income stream, amongst other prospering farming operations. Add to your farm assets and without paying for an unwanted house and infrastructure. Knowledgeable management will bring the arable land back to professionally producing farm. The soil is sandy grading to loamy soil. (Soft red loam to sandy loam). Average wet season rainfall from April to October is 412mm. There is a 2,000m2 dam on the northern rear boundary with a nice stand of sizable trees situated next to it. Grid power is running north-south through the property and there is a submersible bore and scheme water (25mm) which is upgradeable. If desired there are numerous locations with magic views to build your new home with grid power and scheme water.

The farm currently shares the entry to the Arthur River Kennels at 218 Arthur Road, Walkaway (easement benefit) 2km northeast of the intersection of Arthur River, Nangetty-Walkaway, Allanooka Springs Roads. This is a few minutes from Walkaway and 25 minutes to Geraldton. SEE JOHNSON PROPERTY SIGN AT THE ENTRANCE.

Consisting of 353 approx. acres of arable land with 100 acres of native vegetation intermingled with various grasses and providing shade and shelter for stock. A ridgeline runs east-west across the middle of the property and creates an area to the north protected from the westerlies. The property has basically been left fallow since the seller purchased it in 2015.

The seller specifically bought the property for intensive Olericulture but is downsizing into a smaller property where they will eventually set up another growing facility. Most recently crops of Capsicums, Cucumber and Eggplants were grown in the metal framed polythene growing tunnels which are highly suited to local conditions. Ther are a total of 36 growing tunnel bays (61 metres x 9 metres) all being utilised.
The seller is leasing back the horticultural area and surrounding laydown where they have their own tanks, accommodation block and irrigation setup. The tenant will be using their own scheme and tank water through a fertigation system in the growing process. The lease commences at settlement and is a one-year term with a further one-year option to renew. The Gross Rental is $12,000 per annum plus GST and consumables.
Currently there is also an informal lease for sheep grazing which may be negotiated and carried on if wanted. The external fences good with very little in the way of internal fencing. There are two easement benefits which may be of use and one easement burden which is not considered to adversely affect the property.

It is envisaged that the property will be sold as a "Going Concern" and therefore GST Free if farming for profit is continued after settlement. Buyers must make their own independent advice with their accountant for any contract.

Please call Phil Farris 0411 333 550 or Michael Fuller of Johnson Property Group Commercial.