SoldDec 27, 2023

289 Margaret Row, Kingsford, WA, 6701

$660,000

5
2

Rural

•

30+ days on the market

Sold: Dec 27, 2023

What's around 289 Margaret Row

RIVERGUMS PLANTATION

For the first time in four decades the beautiful Rivergums Plantation has been listed for sale. Just over twenty acres in size, nestled on the riverbank of the mighty Gascoyne River this property boasts exceptional water quality with 73,000kL of basin "A" allocation, a surface water license of 60,000kL and a scheme GWX allocation of 23,000kL. The property is currently planted with approximately 5 acres of bananas and has (approx) 120 mature mango trees and there has been 300 new mango tress recently planted and the remainder of the property is open ground ready for planting. The main residence is a five bedroom, two bathroom brick and colour bond construction, the main bedroom has an esnuite all rooms have built in robes and ceiling fans, three of the rooms have air conditioning. There is a large galley style kitchen and breakfast bench overlooking the open sitting room. There is also a 5kw solar power system installed so no more power bills for the house. The standout feature of this property is not just the location less than 5km from the CBD, the established gardens are an absolute credit to the current owner the photos don't do it justice. The property was famous for it's River Gums cafe which is no longer operating but could be easily re-established if the new owners decided to do so just ask any local and they will tell you how great the river burgers were, accompanied by a fresh mango smoothie seated amongst the established garden. There is some plant and equipment including a tractor, slasher, banana trailer, plough discs, four wheeler motor bike, boom spray and plastic layer, the property is to be sold on a walk in walk out basis so there is plenty of sundry items included. The two submersible pumps in the river are 4kw and there is a 32,000l storage tank for irrigation. Taking into account all the improvements such as the main residence, cafe infrastructure and workshops which could cost over $700K to replace, making this property a great investment ready to be taken to the next level. The current owner has reluctantly decided to retire so don't delay call Outback Coast Property to book your own private inspection today!

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