$990K
$172,010
Confidence
High
High
$613,000
Medium
$585,000
Low
$556,000
Confidence
Medium
"Rare opportunity to secure this extraordinary, oneofakind property which has been impeccably curated by the Morel family for over 37 years. Those seeking tranquillity, space and comfort will be in awe of what is on offer, from the exceptionally wellpresented residence to the highly successful produce outlet and thriving, established orchard. All in all, an immaculately maintained property, for the full benefit of a new owner. Towering above all else is the striking, elegantly crafted twostory residence nestled amongst a tropical oasis, every day will feel like a holiday in a setting like this. Spacious, open plan living that seamlessly connects to the outdoors, equipped with modern kitchen, featuring marble benchtops, inbuilt appliances, dishwasher and ample storage space, large sweeping dining and living area. Large aluminium framed windows flood the living spaces with natural light, complementing the exceptionally high 2.9m ceilings. The downstairs bedroom resembles a master suite, boasting amenities like air conditioning, double built in robes and direct access to the luxurious bathroom, complete with a stepup spa bath, separate shower, toilet, bidet and elegant vanity. Upstairs you are greeted with impressive 3.6m ceilings towering above the second lounge room with access to the balcony overlooking the lush paradise, alike a scene straight from a movie. Third bedroom is sectioned off with a custommade Shoji screen, providing a taste of Japan to the property. Stunning master suite offering his and hers built in robes, airconditioning, and unique ceiling pitches. Upon entry into the expansive ensuite, youll be met by a luxurious stepup bath area, which also boasts a separate shower, toilet, bidet, and vanity for added comfort and convenience. An abundance of fruit trees is established in the orchard, a tribute to the current owners meticulous hard work. Including four varieties of avocados, three varieties of mangoes, figs, custard apples, bananas, dragon fruit, turmeric, and soursop. There is also vacant land available to plant seasonal crops, such as herbs, fruits, and vegetables. Providing for this crop is a 25,000kL GWC entitlement with all irrigation pumps, pipes and fittings required to supply water to all sections of the property. Additional plant equipment is included, allowing for a new owner to continue the operation. Built adjacent to the stunning home is the produce outlet, showcasing all the topquality fruits and vegetables grown onsite you cant get any fresher than that. You will find a large selection of fresh fruit, vegetables and herbs, dried fruits, and an assortment of delicious icecreams. There is also the added bonus of a selfcontained, one bedroom, one bathroom workers accommodation attached to the complex along with temperature control rooms, cool rooms, office, commercial kitchen, packing and preparation areas. Prime location is an understatement when it comes to Morels Orchard setting. Conveniently located in the renowned Kingsford suburb, with the Gascoyne Food Bowl on your doorstep, yet still only a short drive to all the amenities that town has to offer. Plus, ideally set on the main road into town providing ideal exposure to passing traffic yet set back enough as to not disturb the tranquillity of the property and allows ample temporary parking. Morels Orchard is renowned for its flourishing produce outlet, selling an abundance of onsite sourced delicacies that have distant travellers and locals returning year after year. This optional value adding opportunity, with all that is required to continue the existing operation on a walkin walkout basis is included. The possibility to expand and take full advantage of all this property has to offer is truly exciting, not only for a new owner but for locals and tourists that already enjoy this wellkept secret. All of this and so much more is set on 1.02ha of land and is being offered for sale at a wellbelowreplacementcost of 990,000. For further information or to schedule a private viewing, contact Jake Sweetman on 0419 878 603."
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82.2%
-
-
-$405,000
-$30,514
2.4%
1.5%
-17.7%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$990,000
Estimated Purchase Price
$990,000
Stamp Duty
$42,101
Transfer Fee
$393
Conveyancing
$1,535
Deposit (10%)
$99,000
Reg. Mortgage
$203
LMI Premium
$28,229
Renovation Costs
-
Total Cash/Equity Required
$172,010
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.2% PA
$1,919
$2,731
Rates
+3.0% PA
$2,562
$3,343
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$15,214
$22,397
Interest Repayments
$58,806
$58,806
Net Cashflow Before Tax
-$43,592
-$36,409
Depreciation
-
-
Tax Offset
-$13,078
-$10,923
Net Cashflow After Tax
-$30,514
-$25,486
Assumptions
Year 1
Year 10
Property Value
6.8%
$624,780
$1,129,454
Loan Balance
I.O
$891,000
$891,000
-$266,220
$238,454
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Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Mining - 15.0%
Agriculture, Forestry and Fishing - 15.0%
Health Care and Social Assistance - 9.0%
Retail Trade - 9.0%
Others - 52.0%
Average Income
Average Population
projected
for 2024 to 2026
Average Days of Supply