106 Rutherford Road, Pukekohe East, Franklin, Auckland

Note: Asking Price is Plus GST (if any)For the purpose of this transaction the vendor is GST Registered and the Purchase Price Plus GST (if any).

OCR cuts, cheaper borrowing and a vendor selling under valuation. Where better to invest? Attention smart investors and land bankers here is an exceptional passive poultry investment with the balance of a 10 year lease to Tegel Foods Limited with an income of $667,416 + GST pa. The tenant is responsible for outgoings, including feed, labour and management of the business. As the property owner you get to sit back, relax and reap the rewards.

Tegel Foods Limited is one of New Zealand's largest and most prominent food producers in NZ producing the most consumed meat in NZ.Attracting smart investors and land bankers is this exceptional passive poultry investment with the balance of a 10 year lease to Tegel Foods Limited with an income of $667,416 + GST pa. The tenant is responsible for outgoings, including feed, labour and management of the business. As the property owner you get to sit back, relax and reap the rewards. Tegel Foods Limited is one of New Zealand's largest and most prominent food producers in NZ producing the most consumed meat in NZ.

The leased area consists of approx 3 ha of land, associated amenity buildings, five sheds with a total production area of over 6800 sqm (approx) along with the scope for future expansion with a resource consent granted for a further three sheds being an additional 5400 sqm (approx) which could add to your nest egg. The property is situated on 9.27 hectares (22.9 acres) of gently contoured land.

The balance of the land along with a spacious lockwood style home & a substantial 242 sqm high stud shed with accommodation facilities are not part of lease and therefore provide the opportunity to generate an additional healthy income or provide a comfortable lifestyle living home & income.

The lockwood style home brings a combination of comfort & warmth throughout the timber interior alongside large windows streaming light in. There are four bedrooms plus an office, two bathrooms, and a roomy separate lounge. which has a rental appraisal for up to $750 per week. The addition of the rent from this house could provide further income potential of approx $39,000 per annum plus additional possibilities for the lease of the implement shed. Not only will this property give you an opportunity to landbank on the outskirts of Pukekohe, but also generate a healthy return at the same time. Being strategically located south of Auckland and 5km from motorway access making this an ideal location for a parent stock rearing farm for Tegel Foods limited.

Having been in the family for several years the retired vendor has made the decision to sell. Excellent opportunity for investors to acquire a substantial agribusiness enterprise in an industry with a reputation for regular and consistent income and high returns on investment.