INCOME-GENERATING LIFESTYLE PROPERTY

Note: Asking Price is Plus GST (if any)Buyer Price Guide: Mid $4 million + plus GST (if any)

178 Batty Road is located 10 minutes' drive to the motorway interchange at Papakura and Drury, with Pukekohe and services close by. It takes around 37 mins to CBD in normal traffic, and Hamilton is around an hour's drive. The property has been developed with a good size home, workshop, and well-established Mandarin orchard with 2,300 Satsuma trees, the first harvesting of Satsuma mandarin has been partly started from May/July 2022, Satsuma has become very popular as it is flavoursome and very easy to peel.

To put an idea forward - potential annual production from each Mandarin tree would be approximately 100 kg per tree on average when they are fully matured, then total production from 2,000 trees would be around 200,000 kg indicative production per annum. The recent farm-gate price is maintained between $3.50 per kg then this would become an estimated $700,000 in total gross indicative earnings per year when they are fully matured.

There is an existing tenant for the house and workshop for family and business operation at the rental of $101,650 per annum. The house and the workshop could be vacant for a new buyer by the end of September 2022.

The 15.6 ha area consists of approximately 9.6 ha of farmland with valuable improvements and approximately 6 ha is conservation covenant with Native Bush and picturesque scenery.

The house is set up with 6 x bedrooms, 4 x bathrooms, kitchen, dining, living room, 2 x laundries, a two-car garage and a unique garden surrounding the house.

The 200m2 building with large workshop, office, bathroom, and a flexible room built-in oven/gas cooktop, refrigerator, washing M/C and bench-top/cabinetry is very useful.

Approx. 400 m metal farm track was formed to access the eastern end where there is additional large farm land area.

See property documents for this property on barfoot.co.nz. Click the "View their website" link at the bottom of this page.