501 East Dip Road

This property is Sold Off market - A significant rural infrastructure investment of Gum Creek Export Hay Storage facility.Holds approx. 1000 8x4x4 Big Square bales per bay. Total approx. 6,000 bales. Land Area: Approx 8.422 HaIncludes:(1) Export Hayshed - Length: 6 Bays of 16.5 m Depth: 37.5 mHeight: 8.5mReplacement cost - approx $1 mFire extinguishers fitted to each external post on open eastern side. Serviced annually by Fire Equipment Maintenance Group, Port Pirie.Current lease to 25/26 and 26/27 seasons with Option to extend for 27/28 and 28/29 seasons.Receive consistent monthly lease payments since Nov 2007.(2) 230,000L Squatters Rainwater storage tank- CFS compliant firefighting hose fittings. Receives rainfall from northern half of shed roofMorgan Whyalla pipeline on site.(3) 26m B Double Weighbridge, with small weighbridge office - solar panel fitted.Approx. replacement cost $150 - 200k(4) Road Metal Quarry - used for hayshed base and access roadway construction and maintenanceIdeally located in the event of future storage expansion. Previously used by Goyder Council.(5) Remainder of block is fenced arable land. Ample area for future expansion. Settlement at appropriate end of month when lease payment is due. Factors for consideration(1) Current Monthly Lease Payments - $9036(2) Quality Shed(3) The arable land on site is currently leased by nearby farmer which may be continued or cancelled as required.(4) The purchase of this property would be cash flow positive.(5) All assets are in very good operational condition.(6) The onsite quarry is a ready source of material for a new shed base and access road construction and maintenance.This is an outstanding long term agricultural asset that is ideally suited for a diversified agricultural investment.Morgan Whyalla pipeline on site.(3) 26m B Double Weighbridge, with small weighbridge office - solar panel fitted.Approx. value $150 - 200k(4) Road Metal Quarry - used for hayshed base and accessroadway construction and maintenanceIdeally located in the event of future storage expansion.Previously used by Goyder Council.(5) Remainder of block is fenced arable land. Ample area for future expansion.Price: $1,200,000 (No GST - ongoing rural activities)Settlement at appropriate end of month when lease payment is due.Factors for consideration(1) Current Johnson Monthly Lease Payments - $9036(2) Quality Shed(3) The arable land on site is currently leased by nearby farmer which may be continued or cancelled as required.(4) The purchase of this property would be cash flow positive.(5) All assets are in very good operational condition.(6) The onsite quarry is a ready source of material for a new shed base and access road construction and maintenance.This is an outstanding long term agricultural asset that is ideally suited for discerning investors who appreciate value of diversified agricultural investment.