This 10ha farm reaps close to $100,000 annually and it is looking for a new farmer.
A FLOURISHING farm in Melbourne’s outer east is ripe for the picking and could prove to be a fruitful purchase for buyers.
The lifestyle property in Wandin East, a town 45km east from the CBD, reaps an income of almost $100,000 per annum from its fertile soils.
The property is home to a four-bedroom house with plenty of country charm, 900 cherry trees and 330 apricot trees.
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The farm at 120 Wandin Creek Rd, Wandin East has a four-bedroom home …
… plus 900 cherry trees and 330 apricot trees.
RT Edgar Yarra Valley associate director Gerard Kennan said the property was a fantastic income producer and had plenty more potential.
“The cherries generate about $60,000 per annum and from the apricots you can expect $30,000,” Mr Kennan said.
“It’s not currently operating, but it is also set up as a chook farm and the eggs and breeding could produce another $30,000 as well.
“It has everything that a small productive farm needs but there’s still potential for further expansion.”
The 10ha site at 120 Wandin Creek Rd has a $1.65-$1.815 million price guide.
It is currently on the market with $1.65-$1.815 million price hopes.
The site has potential for short-term accommodation down by the creek.
With plenty of land for additional fruit trees, berries or even a vineyard, the offering is grape, according to Mr Kennan.
The property has Green Wedge Schedule 1 zoning, which allows for a number of potential tourism uses including accommodation.
“The zoning does allow for what I think is a very complementary use with short-term accommodation via cabins by the creek,” Mr Kennan said.
“People can come pick their cherries and then stay.
“The zoning also allows for a cellar door — you can sell your jams and fruits directly to the public and have some value add.”
The four-bedroom property has plenty of country charm.
Mr Kennan said the infrastructure also allowed for equestrian use or cattle grazing.“The property is perfect for a family because of its solid income.”
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