37 Beck Road, Courtenay WA 6288

Returning over $52,000pa, this undulating and well located 122ha property is a perfectly set up rural earner! Future-proofed with three sources of income - tree lease, house rent, and grazing lease, you have options going forward.
The trees return over $30,000pa and the lease runs to 2028 with a further 15 year option.
The 4 bed 2 bath home with 60m2 shed is kept beautifully by the longterm tenants. It is under lease until 21/6/2023. The house plus 3.7ha around it is excluded from the tree lease and grazed by a neighbour.
The neighbour is also taking advantage of the ability to graze through the tree plantation and into some other small pasture and creekline areas.
An unused dam sits in a creekline not far from an old shed, and a very attractive creekline winds its way through the SE corner of the property. A 2,000kl water license is included.
If you want to weekend on the property, there is power to the old shed with a bore next to it. Perfect for a caravan, and very private from the house.
Once the house is available, you could sit on a very private 3.7ha with $30,000+pa income from the trees.
Located in the magical SW corner, the property is only 5 minutes from the Blackwood River at Alexandra Bridge, and not too far from Boranup Beach, and 252km from Perth CBD.
Invest now in prime rural land in the Margaret River Shire for future generations of your family.
For a full Information Memorandum please call exclusive listing agent Bob Scott