2098 Murray Valley HighwayLake Powell VIC 3597
Property Details for 2098 Murray Valley Hwy, Lake Powell
Last Listing description (September 2018)
CBRE Agribusiness is pleased to present for sale the Adveq Almond Trust 2 Portfolio (AAT2 Portfolio), Australia s largest almond orchard leased on long terms to Olam Orchards Australia.
Key features of the opportunity include:
- A 20,000Ha* (50,000Ac*) freehold land portfolio of eleven properties planted to 12,000Ha* (30,000Ac*) of almonds
- Securely leased on long-terms to Olam Orchards Australia Pty Ltd (a subsidiary of Olam International Limited, the world s second largest grower of almonds and a leading global commodities trading business)
- Triple Net Lease with passing rent of $17,890,000pa*
- Fixed annual rent reviews and an initial lease term which expires June 2031 (13 years remaining)
- Strong unencumbered asset value with potential for additional value capture at lease end
FOR SALE BY EXPRESSION OF INTEREST
*approximately
Property History for 2098 Murray Valley Hwy, Lake Powell, VIC 3597
- 07 Jan 2019Listed for Sale by Expression of Interest
- 15 May 2018Listed for Sale by Expression of Interest
- 21 Oct 2013Sold for $303,100
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About Lake Powell 3597
The size of Lake Powell is approximately 140.8 square kilometres. It has 4 parks covering nearly 28.9% of total area. The population of Lake Powell in 2011 was 280 people. By 2016 the population was 22 showing a population decline of 92.1% in the area during that time. The predominant age group in Lake Powell is 10-19 years. Households in Lake Powell are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Lake Powell work in a labourer occupation. In 2006, 39.8% of the homes in Lake Powell were owner-occupied compared with 37.8% in 2011..
Lake Powell has 28 properties. Over the last 5 years, Houses in Lake Powell have seen a 45.55% increase in median value. As at 31 October 2024:
- The median value for Houses in Lake Powell is $402,448.
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