A substantial leasehold block


262 Chattertons Road, Yaldhurst

By Negotiation

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A substantial leasehold block | 262 Chattertons Road, Yaldhurst | 558258 |      X Close
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A substantial leasehold block


Price by negotiation

Available for sale is the leasehold interest in this property, to a purchaser approved by Ecan.

This is an exciting opportunity to purchase a 471.5ha lease-hold grazing property close to Christchurch City. The purchaser will own the interest in the lease and all the improvements. The property has 49ha irrigated from a 40 litre per second consent and includes a three-bedroom home, two-room sleepout, three-stand RB woolshed and covered yards, implement shed and cattle yards.

It is a five year terminating lease from 1/12/2017 through to the next renewal date from Ecan (which is the trading name for the Canterbury Regional Council), to an approved purchaser till 30/11/22. Whilst there is no automatic Right of Renewal at the end of the five-year period, historically these have been renewed where lease conditions have been complied with by the lessee, and the property has been farmed in a good husband-like manner.

This farm is suited to dairy support, a sheep breeding policy and lamb fattening and provides a great entry-level property for a young couple, a support block or a stand-a-lone unit.

262 Chattertons Road, Yaldhurst

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