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Gisborne Coastal

236 Glenroy Road, Gisborne Coastal, Gisborne

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1,105.41 ha Land area SQM

For Sale by Negotiation

'Hands-off' investors dream!


236 Glenroy Road, Whangara, Gisborne, is a unique opportunity for those that have the desire and ambition to be station owners, but not run a farming business. With 1,105ha (subject to survey), currently under lease for a further 17 years from March 2024, to very capable and progressive tenants - this property will attract the investor who wants to see young farmers go forward, while also investing in a quality East Coast Station.

Located only 30km north of Gisborne City, in the renowned Whangara farming district, where winters are warm and spring comes early, this is some of the best farming country, the region has to offer. A well-balanced property with circa 88ha of flats, and a modest mix of easy to medium and steep hill country.

Superior infrastructure development on the farm has been extensive, a central lane with all-weather access through the property, multiple sets of stock yards strategically located across the farm, a large-scale fully reticulated water system, an array of quality farm sheds and four dwellings - one is excluded from the farm lease. The homestead is an elevated, modern four-bedroom home with a ‘man-cave', a self-contained sleepout, wrap-around decks for entertainment and a brand new four-stand woolshed, built in 2022 with covered yards.

The adjoining 530ha (subject to survey) forestry block planted in 2021 and 2022, is marketed in conjunction with the farm and may also be acquired, allowing for favourable projected cash flow from carbon sales, helping strengthen yield over the next 17 years.

With a strong lease rate, 3 yearly reviews and the potential for capital gain over the next 17 years, there is plenty to consider for the hands-off investor, while those who are looking for opportunities for the next generation will realise a farm of this quality does not come to market often - your family will thank you for the wisdom of this investment in the years to come.

Simon Bousfield

Simon Bousfield

Owner and Manager

Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008
Stephen Thomson

Stephen Thomson

Country, Lifestyle and Farm Sales

Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Income


17 years of Lease income with 3 yearly reviews

Infrastructure


Superior infrastructure, including four houses

Location


Located only 30km from Gisborne City

Contour


Balanced contour with circa 88ha of flats

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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