96 Algernon Road, Longlands, Hastings

Large family home and orchard with passive income

Located only minutes from Havelock North and Hastings, this 13 hectare apple orchard boasts a large five bedroom family home set in mature gardens with salt water swimming pool.
The orchard is leased for $45,000 per annum with over $700 per week income from shed rentals generating over $80,000 in passive income.
Furthermore because of the excellent soil types and 2018 intensive plantings of Sonya (2.0 hectares) and Jugala (2.2 hectares), the remaining approximately 7.1 hectares of Royal Gala, Fuji and Braeburn varieties are available to redevelop over time with the current lessee.
With a fantastic climate and water consents, this orchard is a must view.
Open home this Sunday 31 October 1 - 1.45pm.