Outer-Perth South Suburbs

EC899

$1,200,000

HORTICULTURAL Hydroponic Business plus Freehold Property and Residence

For Sale

Includes Owners Home plus seperate Staff Cottage on 8.85Acres

A BARGAIN BUY possible < as vendor selling well BELOW COST as he's now committed elsewhere > & for a go-getting new owner who wants to build up the horticultural production side back to 100% capacity ... the demand for the products are there, it just needs cultivation & getting it off to Market !!

" A longstanding easily operated Business which provides a Country-feel lifestyle with bonus City-outskirts convenience".

The Business model is designed in the growing & supply of gourmet vegetable lines. All produce is grown in hydroponic greenhouses which is then harvested, processed, and delivered to the local market wholesalers. The business operations were established some 25 years ago & have been successfully trading intermittently with 2 owners since then. The produce is of gourmet quality and supplies to a niche market.

Key points to what investments are on offer here - & "quoting from the vendors IM summary", include :

# the Business and Property are offered on a wiwo basis & presents firstly great medium to long term INVESTMENT POTENTIAL in the valuable Freehold Land holding that is within a Government restructure program for REZONING to residential subdivision on or before 2033.

# secondly the Property currently presents a well-established niche market Horticultural Business with an ongoing profitable model that has been successfully operating over many years; & also offers great potential for expansion to the extent of doubling the income stream by developing the currently unutilised land.

# the Farm as currently operated has a hydroponic crop carrying capacity of 6000 plants which are turned over every three months thus giving 3/4 crops annually. The current p/t owner-operators use staff assistance but the existing operations can be run by a dedicated f/t couple we're advised.

# the Water License allocation attached to the freehold property allows conservatively for a 100% increase to current grow out capacity. This would obviously require further investment by way of more greenhouses.

# there are approximately 5 unused Acres which could also lend itself to field growing of produce.

# a Summary of the Assets included in the sale are priced here as:

- all the Horticultural Businesses: plant, equipment & machinery as extensively listed in the operation of the farming business including key items such as 12 greenhouses, plant & machinery shed, packing & processing shed, 5 pallet cool room, forklift & much more: & including Business Goodwill & was at an all up estimated replacement cost & fair market price of $480K - & NOW for sale at $150K !!

- Water License allocation granted exclusively to the property & was attractively priced & valued at $150K - & NOW included in the Business at, " no additional cost " !!

- Land of 3.58Ha [ or 8.85 Acres ] + its Residential Home improvements on the property, including an attractive Owners House - 3x2 brick & iron spacious family residence plus a separate Managers/Staff timber Cottage assembled & built on-site by the current owner:- Offered for Sale at their original cost & so at an estimated current fair market value of $1050K.

Accordingly, the Rural Business Assets plus Freehold Property are offered at a combined price of $1200K wiwo [ note too - the selling price mix between property & business can be varied to suit ] & presents a unique Home & Land package on acreage plus a viable current on-site Business Opportunity plus a genuine Medium-term Investment Opportunity with the anticipated future rezoning of the land..

NB: " the current owner-operators have worked p/t in the business & are now committed to ANO venture & as a result a reduction in the formerly assessed Selling Price of this Freehold Land & Business venture by some $480K [ & that's a DROP in asking price of close to 30% !! ] surely presents a bargain buy !!

NB : THE PROPERTY / BUSINESS WILL BE SOLD !!

Property & Business inspections plus full details on all of the above, including prior produce & trading reports with vendors business financials, are available to suitably qualified & seriously intending prospective purchasers - by contacting the selling broker David Ellis / ELLIS CORPORATE on 0438 800 724.

 

Agent

David Ellis

0438 800 724

(08) 9388 9951

David Ellis

Office

434 Vincent Street West
West Leederville, WA, 6007

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