255 New Farm Road

Positioned in the productive farming district of Alloway just 10km from Bundaberg CBD, this 13.25 hectare (32 acre) property offers an excellent opportunity for growers, investors and lifestyle buyers seeking a well-located rural holding with established income and productive agricultural land. Currently utilized for small crop production, the property has recently supported a watermelon crop, with capsicums due to be planted. The farming land is leased at approximately $900 per acre per annum, returning around $27,000 per year, while the three bedroom residence is currently rented for $450 per week (approximately $23,400 per annum). With approximately 64ML of bore water allocation (around 2ML per acre), the property is well suited to ongoing horticultural production. A bore license is included; however, the existing bore requires replacement. Home Features - Three bedroom brick residence - Painted interior - Main bedroom with ensuite and built-in robes - Main bathroom with bath and separate shower - Separate toilet - Spacious lounge with split-system air conditioning - Box air conditioner to the main bedroom - Tiled kitchen and dining area - Separate rumpus or second living room - Covered outdoor entertaining area - Detached double garage Property Features - 13.25 hectares (32 acres) - Productive small crop country - Approximately 64ML water allocation - Bore license in place - Existing bore requires replacement - Existing farming lease in place - Existing residential lease with flexibility for owner-occupiers - Approximately 10km to Bundaberg CBD Offering productive farmland, reliable water allocation, established rental returns and the flexibility to continue future farming operations or occupy the home, this is a well-rounded rural property in one of Bundaberg region's recognized horticultural areas. For further information or inspection please call, email or text the listing agent John Pappalardo on 0427 875 396 john.papp@thefourwalls.com.au or Alistair Pappalardo on 0434416288 alistair@thefourwalls.com.au today. DISCLAIMER: The information provided is for use as an estimate only and potential purchasers should make their own inquiries to satisfy themselves of any matters. We have used our best