Colliers International is pleased to present this large versatile rural investment property for sale by Tender. Located in the beautiful high rainfall Cape York region, the property is currently leased until 2020 and is currently utilised as a mahogany timber plantation.

Features of the property include:

• 698.90 Ha* Freehold
• Received income 2014/2015 YTD $110,510.32
• 5 years* remaining on current lease allowing for future development planning
• Total of 339 Ha* of plantings over 1542 ‘woodlots’
• 200MG ground water allocation and 100Ha irrigation area from bordering McIvor River
• 3 bedroom, 2 bathroom lowset Queenslander style home
• Miscellaneous work shed, work compound with industrial shed
• Balance of land mix of cleared and wetland areas
• Located in area known for rich red soils
• Current lease has ensured fencing and fire breaks are maintained
• Land is highly suitable for grazing or the production of timber and/or various crops
• Post-lease expiry the property has numerous potential options including tourism development (STCA)
• 46km northwest of Cooktown, which is the service centre for the district

The property is for sale by Tender. The Tender close date has been extended to Friday 7 August at 4pm. To obtain the Information Memorandum, please contact Stacey Quaid on 0418 773 2....

Liquidation sale under the instructions of Mr Timothy Holden of Foremans Business Services.

*approx.