For Sale by Negotiation
Under Contract
Buy One, Two, Three, Four, Five or Entire Portfolio
Leading Australasian Tenant
Bayleys Real Estate is pleased to offer to the market on behalf of Forest Growth Holdings Limited approximately 3061.3518 hectares of land within the Wairarapa region located in the lower North Island, New Zealand.
The portfolio is made up of five separate forestry blocks; Tinui, Craigie Lea, Erindale, Flat Point and Beehive Creek, with a 60 year forestry right over each property. The current annual net income is $216,869 plus GST plus CPI annually on the commencement date across the entire portfolio. The forestry rights are registered to Wairarapa Estate Limited, a company managed by a leading timberland funds manager.
This is a truly unique agricultural land based offering with the opportunity to purchase properties individually or the entire portfolio together. A long term tenant with secure rental in place including CPI increases annually on the commencement date. This freehold investment provides a commutable strategic location and the opportunity to own your own parcel of land with secured returns.
Please phone Hayden McCallum for more information
For sale by way of Tender closing 4pm 1st December 2016 (unless sold prior)
Property Portfolio Overview
Tinui - 4377 Masterton Road - 190.20 Hectares
Erindale - Tinui Valley - 878.0549 Hectares
Craigie Lea - 820 Craigie Lea Road - 1,670.0542 Hectares
Flat Point - Carterton - 154.7011 Hectares
Beehive Creek - 1545 Pohangina Road - 168.3417 Hectares
Total Portfolio - 3,061.3518 Hectares
*Please note photos provided are across entire portfolio. All interested parties are advised to undertake appropriate due diligence in regard to this investment.
