A very productive $120,633 net income


1747 Korokipo Road, Fernhill

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A very productive $120,633 net income | 1747 Korokipo Road, Fernhill | 2802074 |      X Close
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A very productive $120,633 net income


β€’ $120,633 net income with five-year leases

β€’ 10.938 hectares of productive soils

β€’ Perfectly located in Hawke's Bay on State highway 50

A quintessential Hawke's Bay investment offering a national brand tenant in an iconic cellar door and summer fun destination atop Hawke's Bay's famous productive soils.

Award winning Zeffer Cider Co. has committed to a new five-year lease in the existing building and taproom offering modern and heritage ciders to New Zealand and the world. With a commencing lease of $87,130 plus GST and outgoings and built-in growth. A recent significant capital investment by the tenant in production plant will give confidence in your investment.

In addition to the heritage apples grown in the soils of "NZ's Fruitbowl" beneath, the balance of the site is leased by X-Fruit and planted in mature nectarines. Five years remain on this lease with current contract rental of $33,503 plus GST.

The investment in a new production wastewater and discharge system, and septic system upgrade for the taproom provide the new buyer with the opportunity to own a true passive investment in ever popular Hawke's Bay. Grow your portfolio here.

Kerry Geange

Napier

Licensed under the REA Act 2008

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1747 Korokipo Road, Fernhill

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Kerry Geange

Napier

Licensed under the REA Act 2008

View profile