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Description: Positioned in the tightly held Winton district just west of Tamworth only 8 mins from Tamworth Airport and 10 mins from Tamworth Saleyards.
'Tangaratta' presents a rare opportunity to secure a productive 73.34 hectare (188 acre) brand new irrigation property offering immediate returns from multiple income streams.
Combining approximately 67 hectares (165 acres) of irrigated cropping, extensive new water infrastructure, a newly established oat crop with immediate returns + significant ongoing production potential or excellent cattle fattening & finishing block together with existing lease to "Tangaratta Function Centre" returning $72,000 pa (+ GST) + Outgoings.
This is a versatile rural investment with significant cropping production, cattle fattening & finishing, commercial and future lifestyle potential with income of up to approx $400,000 pa*.
Property Features:
• 73.34 Ha (188 acres) of rich fertile red basalt solis
• Located in the highly regarded Winton district, just 17km west of Tamworth
• Sealed road frontage and new driveway
• Approx. 67 Ha (165 acres) under irrigation
• Newly planted oat crop with no further input costs required
• Estimated production of approximately 2,200 large bales of premium oaten hay
• Three bores with new pumps drawing from the reliable Peel Fractured Rock Aquifer
• 158ML Irrigation Water Licence (current year full entitlement available)
• Re-conditioned Diesel-equipped irrigation pump
• Large re-furbished 7 megalitre dam
• Approx. 880m of new 6” and over 1km of new 4” underground PVC and new irrigation mains
• Brand new fencing throughout the property
• Brand new steel cattle yards with crush and race
• Refurbished machinery shed
• Leased "Tangaratta Function Centre" returning $72,000 + Outgoings (+ GST) per annum with further Option including:
- Large air-conditioned function marquee
- Original cottage converted to reception building with full commercial kitchen and bar facilities
• Historic 110 year old Timber Chapel with potential for boutique accommodation, weekender or B&B conversion (STCA)
• Outstanding opportunity combining agricultural production, passive commercial income and future value-add potential with brand new infrastructure with absolutely nothing to spend
* Note:
Based on information provided by vendor and vendor's professional consultant
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