580 METRES BRUCE HIGHWAY frontage with multiple house rentals, large shed leased, 2,500 tree mango orchard and massive water allocation. 117 acres rich alluvial land with up to an estimated 8.8% pa. passive income. Harvest yourself and the return heads skywards. The location is strategically related to Abbot Point, Pring Rail and Merinda Rail.
FULLY IRRIGATED ORCHARD with 2500 well maintained, bearing R2E2 mangoes. An additional 30 acres is available for cultivation either on your own account or to lease. Constant rental income flows from the multiple dwellings located on the land. These houses are in strong demand. Additional rental income comes from a high wall 40m x 20m shed.
Farm rent can be derived from leasing the cultivation areas and use of stored water. Income from the orchard can be treated as passive (where you engage a contractor to harvest and market the fruit for a fee), or as an active production enterprise where your gross and net income is very attractive.
Water on this property is abundant, with two equipped bores licensed to 89 megalitres. An additional 150 megalitres of dam storage capacity together with access to piped “town” water means that you have more than enough water for all needs. A smaller dam of approx. 15 megalitres is supplied from on-stream flows. A second on-stream catchment dam combined with a ‘turkeys nest’ dam have a combined capacity of 135 megalitres, and are equipped with an electric 1 megalitre lift pump fitted with 22 kilowatt motor.
PVC underground mains provide efficient delivery of water across the farm. By the owners’ estimate, mango production averages 30,000 trays per season. With substantial frontage to the Bruce Highway, there is scope to consider reconfiguration and conversion of some part of the land to an alternative use such as industrial. This would be entirely dependent on putting a solid case to the local council, and subject to approval. If successful, this would substantially value add to the investment, and, with more and more prospect of mining and port development, the demand for larger industrial space has begun to see increasingly valuable transfers of land for that purpose. The property is close to Pring Railway, Merinda and is on the Abbot Point side of Bowen. Contact us, the exclusive agents, for an inspection. A Sustainability Declaration may be viewed at our office.