74 Forest Grove Road, Forest Grove
Sold price: $1,250,000
Sold: 02 Dec 2019
Listing number: 4288402
Iconic Margaret River Farm
An iconic parcel of Margaret River appellation agricultural land has come to market. Ideally located on Bussell Highway, 13km from Margaret River town centre, the 79.46ha property is bounded by roads or reserves on all sides. Originally run as a dairy farm and housing the Forest Grove Post Office and Shop, three generations of the same family have lived at 74 Forest Grove Road since 1921.
Lightly undulating topography, 2 dams, all new fencing, good pasture, some parkland areas and a sense of history, this farm is a real local treasure in a fantastic location.
The aerial video gives a great perspective of the land.
McLeod Creek rises 300m to the north, flows through the property and is joined by another creek line rising on site. There are two groundwater dams and a 90,000L rainwater tank services the house
Annual average rainfall since 1925 is 1138.9mm (BOM station 009547 Forest Grove).
Soils are generally medium gravelly duplex and pale grey mottled soils with some wetter flats. On farm power is underground, the property is fertilised annually and limed last year.
Zoning is Priority Agriculture which allows consideration of a variety of tourism developments including up to 6 chalets or a 12 person guesthouse.
The property can carry 120 head of dry beef cattle, or 50-60 breeders but is currently under lease to a sheep farmer for approx. $12,000pa.
Whether you are looking for lifestyle, or a genuine farm, this is an opportunity to acquire an historic and productive property.
128 Bussell Highway
Margaret River WA 6285