Consented subdivision with irresistible income


324 State Highway 1, Warkworth

By Negotiation

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Consented subdivision with irresistible income | 324 State Highway 1, Warkworth | 1501892 |      X Close
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Consented subdivision with irresistible income


- Land area of 12.4068ha (more or less)

- Resource consent for subdivision granted

- Significant holding income from existing operator

A rare opportunity exists for a purchaser to take advantage of a fantastically located rural property with a consented commercial activity and resource consent for a further subdivision of the land.

The property consists of 12.4068ha (more or less) and is located only 4km from Warkworth town centre, which has seen record population growth in recent years and with significant further growth projected in the near future.

The property has substantial holding income from the existing operator - Sheepworld, Ecowool and Sheepworld Cafe which provides a purchaser with a passive investment and the ability to either hold the land for later development, or take advantage of the recently obtained resource consent to develop on the additional lots immediately.

Currently returning $125,000pa + GST and outgoings plus additional $10,000pa +GST for grazing. Full tenancy details are available upon request.