UNDER LEASE – FOR SALE – LAND & SHEDS

Total Land Area: 22.73 Ha = 56.17 acres.
Land under bananas: 28 acres.
Bananas are fully irrigated with under tree sprinklers.
Irrigation licence from the creek – 135Mg – 85Mg availabe, 50Mg leased out on a yearly basis.

Sheds:
No. 1 – Packing shed
Approximately 17.8 x 12 metres.
Steel frame, 3 bays with 90% concrete floor.
Plus a skillion, timber posts, approximately 5 x 5.3 metres.

No. 2 – Machinery shed
3 bays, timber posts and frame. Includes 1 toilet.

Machinery & Equipment:
1 x Electric irrigation pump
2 x Pumps for banana wash
1 x Pump for shed (auto switch)
1 x Water storage poly tank – 22,500 litre
1 x Semi-automatic irrigation filter
1 x Stainless steel sink with double bowl for hand washing

This farm is leased representing an Investment Property.
Lease Dates: 22/10/2022 to 21/10/2027 with an option of 1 x 5 years + rent reviews & CPI increase.
Lease amount $16,900 + $1,690 GST = $18,590 per annum + rates.
+ 50Mg water licence leased at $5,000/annum.
Total Income = $23,590/annum.