299 Lockington Road
Bay of Plenty
3
1
N/A
N/Asqm
404686sqm
299 Lockington Road Bay of Plenty
proudly marketed by
Anton Terblanche
PGG Wrightson Real Estate Ltd (Licensed: REAA 2008)
Sub-Dividable 40.4ha Horticulture Block
This property presents purchasers with access to multiple income streams from the established G3 and green kiwifruit orchards and avocado orchard. At the same time the opportunity exists to add further value over time. Current operators within the kiwifruit and avocado sector, investors, investment syndicates, farmers considering making changes to their current operation and property developers should express their interest without delay. There is the potential to subdivide this property into 2 - 6 smaller lots. Other opportunities may exist here to maximise returns such as converting part of the properties existing infrastructure into a rural contractor's depot. (All suggestions are subject to council approval. Draft surveyor's notes are available in our Information Memorandum.) The vendor is open to flexible terms including delayed settlement and he offers technical assistance to ensure a smooth transfer of orchard practices to new owners. LAND SUMMARY 5.82 can ha (approx.) G3 gold 13.51 can ha (approx.) Hayward green kiwifruit 2.92ha (approx.) avocado 2.7ha to 3.7ha (approx.) potential for further developable horticulture land 14.51ha to 15.51ha (approx.) balance of land currently in shelter trees, grazing, forestry, ponds, drives, home and sheds. Our vendors have owned this 40.46ha property since 1993 and reluctantly have decided to downsize their operations. They have invested heavily over the years to ensure the orchard produces well in years to come and have good reason to be very proud of what they have achieved. Positioned in the Katikati area at 46 to 85 MASL (approx.), purchasers can either manage their own orchard or make use of the well-established infrastructure in the area to engage contract orchard management services and consultants. The property includes fantastic staff facilities, large implement sheds and a large open loading space able to handle transport trucks and a 3 bedroom manager's dwelling with views to Mt Maunganui. Viewing by appointment only.
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