$687,751 + GST p.a. – 10 Year Lease to Tegel Foods

Note: Asking Price is Plus GST (if any)VENDOR WILL SELL BELOW REGISTERED VALUATION - ACT NOW!

For the purpose of this transaction, the vendor is GST registered, and the purchase price will be plus GST (if any).

Astute investors and land bankers should take note, this is an exceptional opportunity to secure a passive poultry investment with a strong long-term tenant.

The property is leased to Tegel Foods Limited, one of New Zealand’s largest and most prominent food producers, as a rearing farm, with the initial 10-year lease commencing October 2024. The lease currently provides annual income of $687,751.33 + GST, with the tenant responsible for outgoings including feed, labour, and the management of the business. This creates a truly passive investment where the property owner can simply enjoy the consistent returns.

The leased portion comprises approximately 3 hectares of land, including amenity buildings and five poultry sheds with a combined production area of approximately 6,800m². With additional consents for three further sheds, which would provide 5,400m² (approx.) of additional production area, offering the possibility to further enhance future income.

The total property spans 9.27 hectares (22.9 acres) of gently contoured land.  The balance of the land, a spacious Lockwood-style home, and a substantial high-stud implement shed (approx. 242m²) with accommodation facilities are not included in the Tegel lease, creating further income and lifestyle opportunities.

The warm and inviting Lockwood residence features four bedrooms plus an office, two bathrooms, and a generous separate lounge, with large windows allowing natural light to fill the timber interior. The home has a rental appraisal of up to (approx.) $750 per week, equating to approximately $39,000 per annum, with additional potential income from leasing the implement shed.

Strategically positioned just 5km from motorway access south of Auckland and on the outskirts of Pukekohe, the location is ideal for Tegel’s parent stock rearing operations while also offering long-term land-banking potential in a rapidly growing region.

This well-established poultry operation is governed by Auckland Council air and water permits, with the necessary consents in place for the current operation and the future shed expansion.

Having been held within the same family for many years, the retired vendor has made the decision to sell, creating a rare opportunity for investors to acquire a substantial agribusiness asset in an industry known for reliable income and strong long-term demand.

Opportunities of this scale and income profile are rarely available – enquire today.