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Rural Property

319 Glenview Road GLENVIEW, QLD 4553

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Rural Property in GLENVIEW

The Rainbow Connection - Size, Location, Liveability, Lifestyle and INCOME!

PLEASE SEE VIRTUAL TOUR

LOCATION
Rumbalara 319 Glenview Road, Glenview 4553
The Property is located in the Sunshine Coast Hinterland just a few minutes west of the famous Ettamogah Hotel. Caloundra, Kings Beach and Pumicestone Passage are only 15 minutes and Brisbane about an hour. The highly regarded Glenview School is within walking distance.

AREA
57.65 Ha or 142.5 acres

SAND ROYALTIES
The property has been part leased to Boral since 1990 and has averaged in excess of $150,000 per annum. This lease is in place till 2025

Year Royalties Received
1999/2000 $183,762.00
2000/2001 $137,064.09
2001/2002 $142,587.02
2002/2003 $167,822.02
2003/2004 $234,742.82
2004/2005 $238,658.21
2005/2006 $196,202.48
2006/2007 $133,696.90
2007/2008 $78,683.66
2008/2009 $91,964.40
2009/2010 $109,342.94

WATER
The property has frontage to Mooloolah River on the Southern side. A bore near the house pumps at 360gph and contains clean clear fresh drinking water which can supply and supplement the 44,000 litre tank. The cattle also have access to 2 dams.

HOMESTEAD
The main home is a spacious, modern 4 bedroom, 2 bathroom homestead, designed to take in the coastal breeze and the magnificent North East aspect. Inside the home as large bedrooms, separate formal and casual areas and a quality kitchen. The timber cabinets are New Guinea Rosewood. The fan forced wood fireplace and the large air conditioners ensure the entire home is always comfortable year long. Outside the fully covered, lined and insulated patio adjoins the large remote 2 car garage.

OTHER IMPROVEMENTS
A large fully concreted 60' x 30' colourbond shed features plenty of storage, and workshop area with 3 phase power being available. A 24' skillion with a earth floor is attached on the Southern side.
A renovated cottage, old dairy and good functional cattle yards are included in the sale

SUMMARY
Very few properties in Australia offer a royalty income - Rumbalara certainly does. A section of the property has been leased to Boral for sand extraction since 1990. This has provided an excellent income stream for the present owners and as a condition of the lease will continue for Rumbalara's owners until 2025. Income has averaged over $150,000 per year for the last 10 years and amazingly over $100,000 per year in the last 4 turbulent years.
Rumbalara is sizable acreage so close to the coast. The excellent home and improvements located in a sought after area ensures it is a wonderful place to live, either for retirement or to raise a family. The guaranteed royalty income is just that income the new owners can bank on. Only old age has allowed Rumbalara to come onto the market and the motivated owners are ready to leave.

Features:
  • Air Conditioning
  • Built-In Wardrobes
  • Close To Schools
  • Close To Shops
  • Close To Transport
  • Double Garage
  • Fireplace(S)
Bedrooms:

4

Bathrooms:

2

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Suburb

GLENVIEW

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