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5.03 ha Land area SQM
3 Bedrooms
2 Bathrooms

Private Treaty

Orchard Receivership Opportunity to Up the Ante


This property is sold by Deadline Sale, 4pm, Fri 28 April 2017.\nReceivership sale of kiwifruit orchard offers good buying with huge scope for improvement. \nWith the right management, there is only one way for this orchard and that is up. The 5.0282 ha property backs the Rangitaiki River on the sunny fertile flats of Te Teko/Awakeri. In its heyday, eight years ago, the predominantly Hayward vines with some G14 yielded over 35,000 trays; seasonal fluctuations seeing it produce over 18,000 last year. \nThe very loosely estimated prediction for this season is around 10,000 trays from the 2.10 can/ha Hayward, and 5,000 from 0.92 can/ha G14. The vines are in four blocks, the Hayward in blocks of 1.35 ha, 0.37 ha and 0.38 ha and the G14 has dropped from 1.09 ha to its current 0.92 ha. \nThe home and shed, both in need of some TLC, are situated at the centre of the property. As the orchard is in receivership it should prove very good buying for someone willing to invest the time and infrastructure to bring it back to its former glory. \nThis is one of a of a group of three kiwifruit orchard receivership sales, another in nearby MacDonald Road and the third in Rewatu Road, off White Pine Bush Road between Whakatane and Taneatua. A 'not to be missed' opportunity to enter the industry or add one or more orchards with huge potential to your portfolio.

Snow Williams

Snow Williams


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Buildings


Home and shed needing improvement

Land


5.0282 ha property on fertile river flats

Opportunity


Opportunity to increase production dramatically

Orchard


2.1 can/ha of Hayward and 0.92 can/ha G14 Kiwifruit