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Farm Sold - WA - Catterick - 6255 - INVESTMENT EARNING OPPORTUNITY

Photos16

Lot 7 Greenbushes Boyup Brook Rd Catterick WA 6255

Sold

Property Type

Other (Rural)

Region

South West

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INVESTMENT EARNING OPPORTUNITY

Catterick Farm is located 14kms north of Bridgetown on the Greenbushes / Boyup Brook Rd. Beautiful undulating country, soil types are mainly gravel over loam & small areas of loam over clay. A main feature of the block is a large dam of approx. 13 million gallons located on a natural gully while 3 smaller ones were also used for watering points for livestock.
Formerley used as part of a cattle grazing entereprise most of the farm is now leased out for blue gum production, currently returning nearly $40,000 (inc GST) for this financial year. A CPI increase of approximately 3% applies each year with 7 years left to run on the lease agreement.
For someone looking for a block in a great locale with an excellent current passive earn this is well worth a look. Please contact David Gaunt on 0429 471293 for more information or to arrange an inspection.