Lakeside Investment Opportunity

This 230 hectare property is positioned with spectacular views over the western bays of Taupo. Formerly known as the Lakeview Block, which was part of the historic Landcorp owned Otutira Station, the property is currently owned by Tainui who previously leased the land out to a third party until farming it themselves over more recent years. \nThere are approximately 220 hectares of effective grazing area, comprising 190 hectares of flat to undulating and 30 hectares of moderate to steeper land with small areas of scrub and gullies.\nThe block currently carries service bulls for the dairy market, ewe replacements and finished lambs. The previous lessee is understood to have finished lambs on the block and carried beef cattle. Current consent also allows for an alternative farming policy utilising the block for cut and carry operations with approximately 80 hectares able to be annually cropped with barley or similar feed crop, and under sown with grass to fatten lambs or store cattle.\nThe property is located in the Lake Taupo Catchment area, which requires farming practices to comply within the nitrogen discharge allocation and obtain resource consents for any land use changes. It has an allowance of 2,837kg/year which equates to approximately 13kg/ha/year over the effective area. \nImprovements include a three bedroom weatherboard home with garage, two hay barns, stockyards, central laneway, 8 wire post and batten fencing and reticulated water supply. \nSituated at the end of Puketapu Road, only 20 kilometres to Kinloch and 40 kilometres west of Taupo which offers superb cafes, shopping and quality schooling. The block overlooks Waihora Bay in the north western corner of Lake Taupo, which is known for its swimming, fishing, hiking and many other recreational activities. A dream location makes this a very special and rare slice of kiwi paradise.\nOffering development potential or continue with the current farming regime, this is a very attractive investment. Tainui no longer require the property and it will be sold. \n