Withheld
$34,451
"To be offered in two 2 lots Lot 1 being Caloola and Lot 2 being Fords LOT 1 CALOOLA Area 591 acres 239HA Approximately Location Situated in the midsouthern part of the Riverina in New South Wales. Situated 15 km from Corowa and 50 kms to Albury Wodonga. Just 45 minutes to Albury Airport Residence Refurbished solid concrete brick Homestead circa early 1900s with iron roof and 2.3 m verandas surrounding home. Many original features of the era remain. These include Murray pine floorboards, cornices and ceiling roses. The home comprises three 3 double bedrooms with built in robes in two 2. Spacious fully refurbished family bathroom. Wide hallway and entrance which is typical of the era. The light and airy open plan living includes formal lounge room with bay window overlooking the garden and a slow combustion wood heater surrounded by an outstanding marble fire place. The country style 2 Pac kitchen has ample bench space, storage cupboards and drawers, double pantry, electric cooking and dishwasher. The adjoining mealsdining area has doors to the rear veranda and entertainment area. The huge undercover entertainment area has awnings to protect from weather and the western sun. Adjoining this are the original outbuildings for the home which have been cleverly renovated to include a large office, laundry, bathroom. An extra outside toilet adds to the list of improvements. Garden and surrounds Caloola garden has been lovingly created by the current vendors to provide a spacious park like haven surrounding the home. On entering the property, a welcoming avenue of established Cleveland Pears lead to the residence and garden. The entrance and circular driveway are all of asphalt construction and provide all weather entry to the property. The spacious lawns surrounding the home are mixed with both structured gardens and informal gardens. An attractive variety of trees and shrubs include crab apple trees, palms, deciduous trees, weeping mulberry and crab apples. Hedging areas and garden beds provide garden rooms for relaxing and enjoying. Land Can be described as gently rising red loam country which has been well cared for over a long tenure with current landowner. With excellent internal sub divisional fencing and laneway system making the management of the property a simple process. Pastures consists of a mixture of rye, clover and lucerne in several paddocks as well as a small number of native pastures. Caloola has had regular fertilizer history with 100kg per Ha of single super every second year over the tenure. Water Water can be described as permanent with reliable dams throughout as well as town water supplied to a trough system to majority of paddocks and home, gardens and surrounds. Utilisation Currently being utilized as a mixed farming property with its main focus on cattle breeding and fattening, although would suit any larger rural pursuit sheep, cattle, cropping. Six 6 separate titles with road access gives the next owner the flexibility to subdivide or split ownership into the future. Working improvements Single car garage with outside toilet Dog runs x3 Large garden storage shed Three 3 bay machinery shed Lock up workshop with cool room Drench shed Caravan shed with skillionscarport on either side Covered steel cattle yards with water and power. Calf rearing shed Pig sheds Poultry run Three 3 stand shearing shed with attached sheep yards The working improvements on Caloola are in excellent condition. LOT 2 FORDS Area 150 acres 60HA freehold 25 acres 10HA leasehold 175 acres total approximately Land Is an outstanding rural parcel of 150 acres approx. can be described as well drained red loam country with established pastures rye and clover. Fords has had regular inputs over the current tenure being 100kg per Ha of single super every second year. Fenced into two 2 paddocks and a small tree lot as well as a ten 10 acre lease included in the holding. Two 2 large catchment dams gives the block security through the dryer months. Title description Lots 12 DP 1042765 and lot42 DP 1084468 and Lot 4 DP 114442 and Lot2 DP 555713 and lots 24,62,7273 DP 753745 Shire Federation South Caloola and Greater Hume Fords North"
-
64.4%
-
-
$165,000
+
-
-
360.0%
-
Asking Price
$1,000
Estimated Purchase Price
-
Stamp Duty
-
Transfer Fee
-
Conveyancing
$1,480
Deposit (10%)
-
Reg. Mortgage
-
LMI Premium
-
Renovation Costs
-
Total Cash/Equity Required
$2,030
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$583
$761
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$10,439
$15,327
Interest Repayments
-
-
Net Cashflow Before Tax
$10,439
$15,327
Depreciation
-
-
Tax Offset
$3,132
$4,598
Net Cashflow After Tax
$7,307
$10,729
Assumptions
Year 1
Year 10
Property Value
6.8%
$176,220
$318,564
Loan Balance
I.O
-
-
$176,220
$318,564
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 19.0%
Manufacturing - 17.0%
Accommodation and Food Services - 12.0%
Retail Trade - 8.0%
Others - 44.0%
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for 2024 to 2026
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