Otway Region, CAPE OTWAY VIC 3233
For Sale by EOI closing 5 August 2016
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- 12 Oct 2016
Prime Agricultural Land
CBRE is proud to offer the Otway Plantation Portfolio for sale by Expression of Interest. The Otway Plantation Portfolio represents an exceptional opportunity to acquire a portfolio of prime agricultural land within one of the country's most highly regarded agricultural regions.
Excellent soil fertility and favorable topography, reliable high annual average rainfall and all-season road access underpin the strategic value of these properties, either continuing as plantations or, following harvest, reversion to a range of alternative agricultural pursuits.
The sale of the Otway Plantation Portfolio presents a range of opportunities for investors including:
• Purchase of the land only subject to a Sale and Leaseback (see below).
• Acquisition of the entire portfolio (land and standing timber).
• Acquisition of individual properties to suit
The Otway Plantation Portfolio comprises 24 properties, planted to Eucalyptus globulus (Blue Gums), located within the highly productive Colac Otway Region. The properties span approximately 40 linear kilometres from the most easterly to most westerly properties and 50* linear kilometres from the most northerly to most southerly.
SALE AND LEASEBACK
The current asset manager, New Forests, have strong preference to enter into a Sale and Leaseback arrangement
with the Purchaser/s whereby they (New Forests) would manage and retain all rights to the plantations and 'handback' properties as they are harvested.
FOR SALE BY EXPRESSION OF INTEREST (EOI) CLOSING 5 AUGUST 2016.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
Otway Region CAPE OTWAY