Lot 50A Morrison Road, Linga VIC 3509

Phone ENquiry ID: 81437

1070.94 acres (433.4 ha)
Farmland in the Mallee region of Victoria near Linga 3509, Vic

$640,000 = (approx. $600 per acre or $1,470 per ha)

INVESTMENT OPPORTUNITY
Currently 1 year into a 5-year farming lease returning $37,483.42 pa.
Rates $2,726.37 pa.
Water $560 pa.

It’s leased long term to the son of a well-established local farming family who are happy to continue cropping it into the future.

This block has been inherited and the owner is selling to buy a property to live on.

Finding a safe investment with a good return can be hard as the stock market and housing prices can be unstable.
Land is considered a safer investment, especially food producing land as the demand for food is only increasing with the growing population.

Farmland doesn’t require the same level of maintenance as a house so if you’re looking for a passive income and safe investment, this productive farm block is worth considering.