Outer-Perth Suburban

EC899

$1,680,000

Profitable FREEHOLD niche market HORTICULTURAL business

For Sale

Includes substantial Residence plus separate Managers Cottage on 8.85 acres

" 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 hydrophonic greenhouses which is then harvested, processed, and delivered to the same wholesale buyer since the business originated some 25 years ago. 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 of Freehold Land that is within a government restructure program for rezoning to residential subdivision on or before 2033.

# secondly the property 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.

# the Farm as currently operated has a capacity of 6000 plants which are turned over every three months thus giving 3/4 crops annually. The current operation uses staff but existing operations can be run by a dedicated couple.

# 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: at an estimated value of $240K.

- Water License allocation granted exclusively to the property & attractively priced: at estimated value of $150K.

- Business goodwill value: based on a conservative net return: at estimated value $240K.

- Land & Residential improvements including attractively homely 3x2 brick & iron residence plus managers/staff cottage: at estimated value $1050K.

Accordingly the Business & Property - combined at $1680K &/or individually - as a Business operations at $240K & on attractive long lease terms; & seperately thereafter as a leased Investment Property at $1440K presenting an unique and genuine investment opportunity.

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

 

Agent

David Ellis

0438 800 724

(08) 9388 9951

David Ellis

Office

434 Vincent Street West
West Leederville, WA, 6007

Register Your Interest