SOLD

HORTICULTURAL ex Hydroponic Business FREEHOLD

Karnup WA
HORTICULTURAL ex Hydroponic Business FREEHOLD

Last asking price $1,300,000

Sold May 2024

Agricultural, Agricultural

EXPRESSIONS OF INTEREST, on a WIWO basis, are being called for - from $1.3M !!

A possible BARGAIN BUY < as the vendors are now committed to a new investment inter- state >; for go-getting new owner-operators & who want to rebuild the horticultural production side back up to 100% capacity. The demand for their produce & products has previously always been there, they just needed cultivation & getting off to Market !!

"Has previously always traded as a longstanding easily operated Business which provides a Country-feel type lifestyle with the bonus of City-outskirts convenience"

The Business model was designed in the growing & supply of gourmet quality select vegetable lines. All produce was grown in ' hydroponic greenhouses ' which was then harvested & processed on site 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 grown was of gourmet quality and supplies to a niche city market.

Key points to what investments are on offer here -:

# 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.

# the Property as currently presented was operated as a well-established niche market Horticultural Business with an ongoing profitable model that had 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 had been operated, formerly had a hydroponic crop carrying capacity of 6000+ plants which were turned over approx. every three months thus giving 3/4 crops annually. The current owners had formerly used p/t staff assistance but the existing operations can be run by a dedicated f/t couple or family, we're advised.

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

# there were also approximately 5 unused Acres of fertile & arable land which could also lend itself to further field growing of suitable crops.

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

A.> HORTICULTURAL BUSINESS - " as formerly listed including its Plant, Machinery & Equipment has now been independently SOLD off "..... & what's remaining are the freehold Land & Buildings including plant & machinery shed, packing & processing shed.

NOTE too - as this offers a "POSSIBLE BONUS to an investor, is that the residential home has now been leased out.

B.> LAND of 3.58Ha [ or 8.85 Acres ] + its large RESIDENTIAL home plus all  other improvements on the property - 
This includes an attractive Owners HOUSE (3x2) brick & iron spacious family residence plus a separate Managers/Staff timber COTTAGE (1x1) assembled & built on-site by the current owner; plus it's own bore & 15.4 Meg WATER LICENSE used for home & rural agricultural purposes.

Accordingly, with the former Rural Business Assets having now been sold off, the remaining  Freehold Property is offered FOR SALE from $1300K & presents an unique Home & Land package on acreage [ plus an opportunity for new owners to re-establish a former viable current on-site Business Opportunity ]; & added to that is a genuine Medium-term Land bank Investment Opportunity with the anticipated future residential development rezoning of the land.

NB : THE PROPERTY remaining here WILL BE SOLD 

NOTE TOO: Property inspections plus full details on all of the above [including details of the owners former Business Operations ] are available to suitably qualified & seriously intending prospective purchasers - by contacting the selling broker David Ellis / ELLIS CORPORATE .

For more details, please email broker or call agents.

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