11189 Mount Lewin Loop Road NANNUP WA 6275
$445,000

DESCRIPTION

Well just imagine owning a gorgeous 235 acre lot at less than $1,894 per acre! This is real value. Mostly tall Jarrah and Marri with some planted Bullich trees which are very attractive. Lovely topography and backing onto state forest on two sides. There are two dams on the and two winter creek lines run through the property. 108 acres of blue gums are planted under Contract to WAPRES which finishes on 30 May 2019. The income is approximately $19,259 per annum (as at 2016) payable quarterly in advance increased by CPI each year. There are several beautiful places on this block where you could build a home and or you can just wait until the Lease is over and convert to arable farm land. Soils are sand and gravel over clay with patches of iron stone. There is also sand and gravel