Property Focus Fieldays 2015

Kerikeri Whangarei Dargaville Wellsford

Thames

Pukekohe

Waihi Katikati Morrinsville Tauranga Hamilton Matamata Te Puke Te Awamutu Cambridge Whakatane Putaruru Rotorua Te Kuiti Taupo

Gisborne Wairoa

Hawera

Taihape

Hastings

Wanganui Waipukurau Marton Dannevirke Feilding Levin Masterton Richmond

Blenheim

Murchison

Kaikoura

Greymouth Culverden Rangiora

Fairlie Timaru

Christchurch Leeston Ashburton Geraldine Temuka Waimate

Cromwell Alexandra Te Anau

Gore Invercargill

Ranfurly

Oamaru

Palmerston Dunedin Mosgiel Balclutha

Cheviot Amberley

Welcome to the 2015

Property Focus While some might question the rationale of a fully firm ru al property market when farmers face falling returns for dairy, compounded by the after-effe ts of drought, others can see through that apparent illogicality to recognise the bigger picture.

REINZ statistics show that, for the three months ended April 2015, the median sales price per hectare for dairy farms was $38,802, with 97 properties sold, which compares to $37,761 for the three months ended March 2015 from 86 sales, and $34,615 from 105 properties sold during the three months to April 2014. Analysing those figu es more closely, REINZ’s recently developed Dairy Farm Price Index adjusts for diffe ences in farm size and location, which the median price per hectare figu e does not. Using the REINZ Dairy Farm Price Index, values have risen by 15.5 per cent in the 13 months since March 2014.

Our own experience with farmers and investors seeking to buy and sell property via our nationwide sales network generally supports these figu es, although perhaps slightly more cautiously than the REINZ statistics indicate. We know that plenty of motivated buyers for all farm categories are active in the market at a ratio of approximately two buyers for every listed property. That signals signifi ant unmet demand. We know that for dairy properties in the highest profile egions, values are strong. In Southland, for example, better-quality properties are selling for between $41,000 and $46,000 a hectare; in Canterbury, farms are changing hands at between $50,000 and $56,000 per hectare; and values for more sought-after Waikato dairy properties sit between $40,000 and $50,000 per hectare: All at least on par with the highest they have ever been.

How can this be the case when the dairy payout is heading in the opposite direction? Obviously, the supply-demand equation is a big clue. In general, buyers were taking a positive, long-term view of the industry and looking to enter or consolidate existing positions within the sector. Those with farms that they might otherwise sell clearly, agree that their equity is better off emaining within the industry, otherwise more of them would respond to such clear market demand.

Farming is always a gamble. Are the anxious-to-become-willing-buyers and the yet-to-be-turnedinto-willing-sellers right? Some commentators speculate that, if dairy returns continue at their present level or possibly even lower, the tide will turn and farmers over-extended by debt will be forced to sell. Possibly, this will happen with some and maybe the odd bargain hunter in the ‘willing buyer’ camp will strike it lucky when a less than fully willing seller is persuaded to come to the market. However, any suggestion that banks will pressure through mortgagee sales runs against the facts: Banks are more interested in protecting their own positions by supporting their clients through these challenges and, in our experience, will work hard to ensure every effo t is made to keep people on farms and able to meet their interest payments. We see no sign of farmers putting property on the market under pressure from the strain of low payouts or drought. In other words, anyone waiting for a ‘fi e sale’ of dairy farms is likely to wait in vain.

In the meantime, particularly at the upper end, for well-developed, favourably located dairy properties with reliable irrigation and modern farm infrastructure, demand is likely to exceed supply, as it will in the sheep and beef sector for well-balanced properties capable of running 5000 stock units or more. Anyone with a farm to sell over the next few months, or even particularly within those definition , can expect to meet an eager market, and should not hesitate to contact a member of the PGG Wrightson Real Estate team. Even if you are not totally committed to selling just yet, I encourage you to call us to find out what the mar et is likely to give you: You may well be pleasantly surprised.

Peter Newbold General Manager PGG Wrightson Real Estate Limited

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Our Company About us PGG Wrightson Real Estate is one of New Zealand’s largest single fullservice real estate companies and is well-placed to offer exceptional specialist service throughout the nation. With over 36 offices nationwide and a sales network of over 170 agents, our rural specialists span the country ready to work together with you to exceed your best outcome.

As an organisation, our mission is to help grow the country - helping farmers to become successful. Ultimately, our ability to do this comes down to the products and services that we provide and, in particular, the capability and integrity of our people. While we are a big company, we value the importance of the local touch and encourage our people to bring fresh thinking to “go the extra mile” to help our clients succeed.

Experience the difference An outstanding brand - The PGG Wrightson Real Estate brand stands out from all the others – signifying trust, integrity and remarkable results.

A network that really works - When you deal with us, you are dealing with one company and one team, not a group of franchised operators and offices. This means you get access to our national network, with salespeople covering the entire country, who really do work together to achieve the best possible outcome for you.

Specialist knowledge and world-class service - Our experienced, specialist staff will go out of their ay to ensure your property objectives are met, delivering the very best service for your entire real estate experience, whether your property choice is urban, lifestyle or rural.

People focused - Our clients and our staff mean e erything to us.

This is our company’s hallmark and we are proud of it. Our clients are the core, the heart of our business, and the very reason for our success.

Our staff a e among the best and most accomplished in the real estate industry. Together, they have made us who we are today, and we recognise their importance in every aspect of our business.

Unbeatable track record - We aim to be the best in what we do and we have been focused on achieving this since our business was founded almost 170 years ago. Added to this is a genuine desire to make the process of buying and selling property an exciting and seamless experience for everyone.

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Marketing your property One of PGG Wrightson Real Estate’s points of difference is our outstanding property marketing advice and support. Nothing is left to chance in the marketing of any property. You can be confide t your PGG Wrightson Real Estate marketing programme will showcase your property to the widest possible range of potential buyers – locally, nationally and internationally. Your PGG Wrightson Real Estate salesperson will develop a programme with your input, ensuring you have a marketing strategy tailored to suit your property, making optimum use of a stable of carefully selected property marketing media.

Website marketing - All of our properties are displayed on our own easy-to-use website: www.pggwre.co.nz. This website is one of our most powerful marketing tools, particularly for overseas buyers. We also advertise on the national industry website, www.realestate. co.nz, and on the Trade Me website: www. trademe.co.nz. We often utilise a number of national and international websites, depending on the property’s main features and benefit .

Extensive database - We have an extensive national and international database of customers that we can introduce to our clients’ properties, which gives us a head start with our marketing programmes.

Property signboards - We have a range of distinctive and high-profile p operty signboards to highlight your property, erected strategically to attract interest.

For open-to-view days and events such as auctions, additional directional signage is used.

Property brochures - Special property brochures are another extremely effective way of promoting a property. They are often developed for display in our branches and at open-to-view days. You may wish to use these as mail drops to specific a eas and for other targeted advertising.

Property information memoranda - For the majority of properties that PGG Wrightson Real Estate markets, comprehensive property information summaries are prepared. These provide prospective purchasers with the details that are critical to make informed purchasing decisions.

Print advertising - PGG Wrightson Real Estate’s distinctive advertisements in newspapers and local property magazines ensure your property will get noticed. In addition, our salespeople offer a wealth of experience in terms of knowing which newspapers and property publications are likely to be the most effective in promoting your property.

International - PGG Wrightson Real Estate has developed an extensive partnership with a mix of international real estate companies.

These partners offer promotion of our clients’ properties worldwide and introduce prospective buyers to our New Zealand clients.

Property Focus June 2015

Publications -

> Property Express Highlighting quality farms and lifestyle properties listed for sale throughout New Zealand, this exclusive property magazine is published every spring and autumn.

Distributed nationwide to over 85,000 rural delivery addresses, national and international databases and also available in Air New Zealand Koru Lounges throughout New Zealand and Australia.

> Rural Property Pulse Produced quarterly for nationwide distribution, this highly read publication contains independent, relevant and up-todate information on rural real estate. Sourced from our network of rural sales professionals, it provides a comprehensive review of the current state of the market.

> Property Focus Printed annually in June, this special Fieldays edition features our winter selection of exclusive rural and lifestyle listings. Available onsite for the duration of Fieldays and distributed to our exclusive national and international databases and Air New Zealand Koru Lounges throughout New Zealand.

> Dairy Delivery Delivered directly to our exclusive database of over 6,000 New Zealand dairy farmers, as well as placement in key Air New Zealand Koru Lounges, the Dairy Delivery is a biannual publication featuring a range of dairy and dairy support properties from throughout the country. >>

pggwre.co.nz

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Regional Report Northern North Island

Hawke’s Bay

Strong demand for Northland rural property during autumn resulted in

Climatic conditions have caused the driest autumn in 100 years, affecting

positive sales, albeit lower than if more listings had been available. While

farms from southern Hawke’s Bay to north of Wairoa. As a consequence,

a similar scenario is set to prevail towards the spring, some farmers may

general activity in the Hawke’s Bay rural property market has been less

look to list in order to exit the industry. If the reduced dairy payout has

than normal, with fewer properties for sale than expected at this time of

slowed the market in some regions, Northland is not yet one of those.

year. However, some large units have been listed, including 1400 hectare

Northland beef farmers have done well over the past couple of years and,

Oueroa Station, south-east of Waipukurau, which sold under the hammer

although that positive influen e has not fl wed through to farm listings

in late April for $7.8 million. Strong enquiry continues for intensive

or sales to any great degree, that too may change in the next few months,

finishing p operties in the region, and also for 6,000 to 10,000 stock

with property market interest possibly accelerating in this sector as well.

unit farms for breeding. Interest in dairy properties, meanwhile, is low,

A good indicator of confiden e in past years, this June’s National Fieldays

although that is likely to change if the Ruataniwha Dam Scheme proceeds.

could again gauge Northland farmers’ likely enthusiasm for the coming

As winter approaches rural property market activity will reduce further,

spring’s property market.

although more large farms may come to the market in spring.

Waikato

Southern North Island

Waikato’s rural property market remained generally strong through the

With the exception of the Tararua and Manawatu districts, southern

autumn, with a good bench of well-resourced buyers welcoming those

North Island rural property market activity during the autumn was largely

properties that came to the market and purchasing readily. Despite the

limited to smaller blocks. Significa t sales completed in Tararua and

widely reported ordeals facing the sector, values for the region’s more

Manawatu included a 144 hectare dairy farm selling for $4.1 million, a 276

sought-after dairy properties sit between $40,000 and $50,000 per

hectare sheep and beef property changing hands for $3.125 million, a

hectare, consistent with the highest levels ever. If the challenges presently

716 hectare sheep and beef property that achieved $2.6 million and a 128

confronting dairy are not enough to impede the property market then it

hectare dairy farm that reached $2.652 million. These sales indicate that

is difficult o imagine what will. Although this upbeat situation is therefore

the region’s property values are holding fi m and there is no indication

likely to continue through the winter, activity will inevitably drop off in the

that circumstances will change in the spring. Good product prices for

coming months in line with seasonal norms, with those owners who are

sheep and beef and low interest rates are keeping the market buoyant.

so inclined preparing farms for sale in the spring.

A consensus that the dairy payout reduction is short term is also helping,

Bay of Plenty Record prices for kiwifruit orchards, as outlined elsewhere, boosted the Bay of Plenty market, although other farm types also featured, particularly during the early autumn. Bound by dairy farms, a 77 hectare property, 22 kilometres south of Rotorua, sold at auction in early March for $3.51 million, or more than $45,500 per hectare, a local record for a dry stock property. Elsewhere in the western Bay of Plenty, dairy farms sold between $42,000 and $45,000 per hectare. Sales of two Taupo district sheep farms progressed at high values, although commercial adjuncts on each property distinguished these as out of the normal range. A property with a 200 hectare milking platform and 133 hectares of dairy run-off, 35 kilometres south-east of Rotorua, goes to auction as a going concern in late June, and will serve as a local market indicator for winter and into spring.

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and the reduced payout has not yet affected demand for or values of either dairy farms or run-offs in the region.

Nelson/Marlborough

West Coast

As noted elsewhere, viticulture property, which dominates the

Two smaller West Coast dairy farms, each carrying approximately 200

Marlborough market, has sold well in the region over the past few

cows, one north of Hokitika, the other near Lake Brunner, both sold

months, maintaining values to near record levels. As a rule, sales of

in April for around $32,000 per hectare. Those sales apart, the region’s

dairy property in the province are rare, with most farms held inter-

rural property market was subdued during the autumn, as farmers

generationally, however two 400 cow units in the Havelock area sold

reacted with caution to diminishing dairy returns. While listings

in the last two months, achieving district record prices at around

on the West Coast are available, with a range of farms at different

$33,000 per hectare. Meanwhile, in Nelson, enthusiasm for dairy

levels, buyers are more reticent than in some other regions. However,

property is less evident as purchasers are taking a cautious approach

resumed market activity is likely in the spring, either through

in light of the downgraded payout. Apart from a small quantity of

restored confiden e based on recovering dairy projections or from

sheep and beef properties, listings are in short supply for all farm

vendors being persuaded to sell, reluctantly, due to the payout

types in both Nelson and Marlborough. Aside from the likelihood of

remaining low. Either way, those with suffici

activity in the viticulture sector during the winter, this is unlikely to

worthwhile investment in a region where their money will go further

change before the traditional spring selling season.

than it will elsewhere in the country.

Canterbury

Otago

Demand for quality Canterbury rural property continues to exceed

Otago’s slow rural property market continued from summer into

supply. Motivated buyers, including corporates and overseas

autumn, with product prices, in particular, influencing bu er and

interests, are in the market, although listings remain scarce. One

seller appetites. An exception to this was North Otago, where a

notable sale completed in March was a 177 hectare Amuri Basin

number of good solid dairy farms sold at or near top values, including

dairy farm changing hands well in excess of $50,000 per hectare.

farms in Morven, Hilderthorpe and Lower Waitaki at prices exceeding

Few dairy properties are currently for sale. While that is unlikely to

$50,000 per hectare, and in Maheno for slightly over $40,000 per

change before spring, the market’s continued strength should draw

hectare. Elsewhere, two Manuherikia Valley properties sold for

out increased listings by then. With unmet demand clearly evident

conversion during the autumn, and prospects for this district will

in the region, a favourable reception awaits those who commit to

improve if the Falls Dam Project proceeds, enhancing productivity.

sell. Prospective purchasers of Canterbury sheep and beef properties

North Otago aside, the decline in dairying is having an effect on

are actively looking, with farms carrying upwards of 5000 stock units

the region, with reduced prices and lower payout forecasts fl wing

particularly sought after. However, because the region remains dry,

through to market sentiment. While a quick turn-around, as some

owners of these farms are disinclined to sell at less than optimum

commentators predict, might enable Otago’s spring rural property

standards of presentation.

market to proceed with greater confiden e, this is not guaranteed.

South Canterbury

Southland

As in various other regions, South Canterbury farm listings have been

Southland’s rural property market is undergoing greater fallout

in short supply over autumn. Two that sold well, neighbouring dairy

from reduced dairy payouts than is apparent in some other parts

units at Waitohi Park, Pleasant Point, achieved benchmark values in

of the country, with a significa t drop in the number of farms sold

excess of $50,000 per hectare, plus a premium for irrigation company

compared to autumn 2014. Buyers are reluctant to enter the market

shares in one case, when purchased by local dairy farmers in April. A

when they perceive subdued activity, while those who might

number of properties currently listed for sale will test the continued

otherwise list rural property lack suffici

strength of local demand, including a 220 hectare sheep and beef

the best time to sell. Corporates, in particular, are absent from the

farm at St Andrews, Waimate, and a 235 hectare arable farm at

market, so those farms that are selling are going to local buyers.

Totara Valley, Pleasant Point, which are both well set up to suit dairy

However, although the volume of sales is low, values remain steady

support. Following the region’s drought, many South Canterbury

at $41,000 to $46,000 per hectare for better quality Southland dairy

farmers are focusing on withstanding the winter and flu tuating

farms, ranging to around $10,000 per hectare lower for second-tier

dairy fortunes. How well the region’s spring sales season proceeds

properties. While enquiry from buyers has dropped noticeably, that is

will depend on climatic conditions during the winter.

to be expected at this time of year and any upturn is unlikely before

t equity should find

t confiden e that this is

the spring selling season.

Property Focus June 2015

pggwre.co.nz

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Your National Team of Locals

at your finge tips

Few real estate companies can match our breadth of experience, local knowledge and level of service in all areas of real estate.

So whether you are looking to buy or sell this spring, let our local team achieve the results you are after.

Contact your local salesperson at www.pggwre.co.nz

Connecting people with Property

Property Focus June 2015

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A closer look...

Issue 20 | Winter 2015

Rural Property Pulse Heartbeat —­new regulatory framework increasingly important for farm transactions Anyone bringing a farm to the market, particularly in Canterbury, Otago and Southland, although progressively in the rest of the country as well, needs to be aware of important changes in the regulatory framework relating to land and water use.

Described by many as the biggest change for farmers since government subsidies were removed and the most significa t challenge facing the current farming generation, the new regulations require close monitoring of inputs and adherence to strict limits on nutrients leaching to groundwater, which are set on a catchment-by-catchment basis.

This is particularly relevant when a farm is sold, as any potential change in land use that a new owner may consider will need to fit within the p escribed limits.

In Canterbury, which is at the cutting edge of the changes, a new regime, based on Environment Canterbury’s Land and Water Regional Plan, is scheduled to be in place by 2017. Purchasers looking at Canterbury farms are now routinely acquainting themselves with a farm’s status before they table an offer. Vendors also owe it to themselves to understand how the regulations affect their land, particularly if a prospective purchaser knows more about the requirements for the farm than they do.

in each zone. Farmers are required to monitor and modify their land use to minimise their collective impact on the catchment’s water. Every farm will require its own Farm Environment Plan, based on specific local xpertise and understanding of the particular water catchment.

A Farm Environment Plan will set optimum levels for farm management issues such as stocking rates, levels of fertiliser application and timing of efflu t spreading to enable the farm to maximise production without harming the environment.

Generally speaking, a Farm Environment Plan should be prepared in consultation with a suitably qualifie adviser, who will be able to ensure that it meets the requirements of the zone or district it is in.

Although Canterbury is at the forefront of these changes, Southland is not far behind, while the rest of the country is set to follow.

A farm that already has a Farm Environment Plan will have an advantage when presented to the rural property market. A vendor that lists a farm for sale without having at least researched the requirements, or likely requirements of the catchment, risks the market ignoring or discounting their property and this will work against an effici t and profitable sal .

Environment Canterbury has divided the region into 10 water management zones by river catchments, classified as reen, orange or red, based on the nitrates leaching to groundwater and surface water

www.pggwre.co.nz 8

Helping grow the country

Listing in spring - good preparation is vital Spring is generally a peak time for rural real estate transactions and, although the traditional cycles in our sector have evened out in recent years, the spring of 2015 is likely to be no exception, with more farms listed for sale than at any other time of the year.

Right now, supply of quality properties is short relative to the prevailing demand. As long as the current market sentiment holds up, this winter will be a good time to prepare to list a farm for sale in the spring. Those able to present quality rural real estate to the market can expect a keen reception from wellmotivated buyers, particularly as those who are willing to sell are less evident. This is the case across all the major farm categories, especially dairy, and in some regions, the shortage of listings is particularly noticeable.

Property Focus June 2015

Therefore, clearly, this spring will be a sellers’ market.

To take advantage, good preparation is vital. High-quality physical presentation of the property will make a difference. This includes maintenance of fencing, farm tracks, dairy shed and plant (or woolshed and yard), irrigation systems, general outbuildings, water supply and other infrastructure.

Ensuring the paperwork is in order is equally important, if not more so. Farms generally sell based on the business case rather than the ‘X’ factor or any potential capital gain. Strong farm records, productivity history, fertiliser records, consents and property titles all need to be in order, ready for the vendor to undertake due diligence.

Contacting your local branch of PGG Wrightson Real Estate and talking through your options for sale and the most effective means to market your property with one of our salespeople will be time well spent.

pggwre.co.nz

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A closer look...

Sheep and Beef

Horticulture

Market activity in sheep and beef properties throughout the autumn was relatively low compared to recent years, with no single clear factor as to why the quantity of sales had reduced. Buyers are becoming increasingly focused on location, with favourably situated farms progressively more keenly sought after, while those in remote districts are commanding less attention. Regional variability is also evident with King Country farms selling better than elsewhere. REINZ statistics for the three months ending April 2015 indicate that the median sale price per hectare for finishing fa ms was $20,966, while for grazing properties the median price was $16,741, both figu es approximately consistent with values for the preceding three months. A marked increase in listings, sales and enquiry for sheep and beef properties is unlikely to occur during the winter.

Horticultural properties continue to set record prices. A Te Puke green kiwifruit orchard, including a desirable house, sold by tender in mid-May for close to $400,000 per canopy hectare. Earlier in the autumn, the firs handful of gold kiwifruit orchards to break $500,000 per canopy hectare were sold. Sales of $350,000 per canopy hectare for green and $450,000 for gold orchards are now routine. Purchasers include existing orchardists and new investors, although the former have accounted for most sales of late. Activity at this heightened pace is likely to be curtailed until October, mainly as listings are virtually all sold. Smaller kiwifruit orchards with a strong lifestyle element are also in heavy demand, although this tends to be a different market, more focused on investors and retirees from Auckland, and less attractive for established orchardists.

North Island Dairy

Cropping

Autumn sales of North Island dairy land were steady, with prices remaining fi m in the face of the uncertain short-term outlook for dairy returns. On the Central Plateau, dairy land transactions reached a high point of $57,000 per hectare, with other sales at lesser prices in a broad range up from $29,000 per hectare. Dairy support farms in the location have also sold well in a range from $13,000 to $22,000 per hectare. Buyer enquiry for property was strong throughout most of the autumn. While reduced activity more recently could indicate waning confiden e, as the end of season approaches, the market generally slows anyway so that conclusion may not be justifie . Although most vendor expectations are high, the outlook for dairy has created some anxiety, which could result in properties offered for auction before calving.

Arable farmers had an exceptional season, with one of the best harvests ever for both quality and yield. The number of farmers this year exceeded their highest previous yield by more than 10 per cent. As a consequence, owners of cropping farms are not inclined to sell and only three Mid Canterbury arable farms changed hands during the autumn, all in the range between $45,000 and $48,000 per hectare, which is where values have sat for some time. Although contracts for cereals have recently been let at rates less than last year, arable farmers have other options, including growing more Italian grasses and offering lamb grazing so have positive prospects for the year ahead. Demand for land should therefore stay strong, while listings are likely to remain short, meaning any cropping farmer selling land during the winter can expect to meet a willing market.

South Island Dairy

High Country

Dairy farm sales in Canterbury and Southland were down this autumn, falling in volume in each region by as much as 65 per cent compared to last year. While the flu tuating payout is a factor, the value of those farms sold remains steady, with demand apparent for any listing. One autumn sale, a 160 hectare Mid Canterbury dryland dairy grazing farm that sold at auction in mid-May for $4.89 million, or $30,450 per hectare, demonstrates the high level of demand for dairy-related properties. Activity through the winter and into the spring will depend largely on the payout. Milksolids forecasts closer to $5 per kilogram should renew activity in the market for South Island dairy farms. If projections remain significa tly below that, however, expect the market to stay subdued.

A handful of prestigious high country listings, each with considerable ‘X’ factor, came onto the market in late summer and early autumn, including 9,828 hectare Craigieburn Station, Cass, Central Canterbury and 12,770 hectare Mt Albert Station, Makarora, Central Otago. While these coveted holdings have not yet sold, the market reaction to each has been exceptionally positive and, in due course, sales are defini ely indicated.

Where such desirable properties are concerned, requiring a well-resourced individual or organisation capable of working in a specialised niche area to complete a purchase, transactions generally take some time and effort to complete anyway. While market interest in such properties is clearly strong at present, whether any other current owners of high country property respond to the eventual sale of the likes of Craigieburn and Mt Albert Station remains to be seen.

Viticulture A difficult h vest, with yield down by as much as 30 per cent in some areas, has created challenges in the viticulture sector, although confiden e in the property market remains high. A nine hectare bare land block in Rapaura, the ‘golden mile’ of Marlborough’s viticulture, sold in April to a neighbouring grower for $150,000 per hectare, while a 21 hectare bare land block in a slightly less favoured area is set to command $130,000 per hectare, again for viticulture development. Transactions of fully developed vineyards at prices up to $250,000 per hectare have proceeded recently, with sales in outlying areas also recorded between $130,000 and $140,000 per hectare. During the winter, prices for land and vineyards are likely to remain at similarly high levels, with purchasing activity in prospect from the bigger corporates, as well as some smaller boutique wineries also seeking to expand.

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Rural & Lifestyle New Zealand properties

Property Focus June 2015

pggwre.co.nz

11

Kohukohu

pggwre.co.nz/KER2737056

Quality Grazing On Harbours Edge • PRICE REDUCED • Affordable 186ha grazing unit with harbour frontage and further land purchase a possibility • Presently utilised for dairy grazing and growing out or fattening of cattle • Also at present home to a horse stud • Comfortable sound home and good outbuildings • Extremely attractive Farm and Pricing • Recommended viewing

3

$1.1M

Plus GST (if any)

1

Andrew Ludbrook

B 09 407 4833 | M 027 254 4784

Waipapa

pggwre.co.nz/KER2716486

Golden Opportunity Not To Be Missed!

• Orchard on 9.83ha $2.4M and 4 bedroom House on 4.058ha $680,000 • 6.05 ca/ha of Hort 16A Gold Kiwifruit on Bruno rootstock • Notch grafted to G3 Gold Kiwifruit 2014 • Kerikeri Irrigation Company Shareholder • Workshop and implement shed with tractors and machinery • Four bedroom home with open plan living • Swimming pool and double garaging • Production 2010-50,112 trays, 2012-57,008 trays, 2013-45,228 trays, 2014-73,365 trays

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3

Rex Robb

B 09 407 4838 | M 027 441 1383

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Rural

$3.08M

Plus GST (if any)

Mangatangi

pggwre.co.nz/PUK2724724

Beef at Mangatangi - 212ha

$3M

Plus GST (if any)

Two options 212ha (523 acres) subject to survey and or neighbouring 111ha (279 acres) with views over the Firth of Thames and set up for intensive beef fattening - also ideal for dairy support. Presently farmed as one but each property may be purchased separately or together.

Subdivided into over 200 paddocks with a combination of traditional and cell paddocks.

This 212ha has a spacious, large four bedroom home and good support buildings and cattle yards.

Vendor is retiring and ready to move onto life's next projects. $3M Plus GST (if any)

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2

3

Richard Wright

B 09 237 2040 | M 027 454 6000

Adrian van Mil

B 09 237 2041 | M 027 473 3632

Mangatangi

pggwre.co.nz/PUK2725023

Beef at Mangatangi - 111.874ha

$1.9M

Plus GST (if any)

Two options 111ha (279 acres) and or neighbouring 213ha (526 acres) with views over the Firth of Thames and set up for intensive beef fattening, also ideal for dairy support. Presently farmed as one but each property may be purchased separately or together. Subdivided into over 200 paddocks with a combination of traditional and cell paddocks.

This 111ha has a converted woolshed as a 4 bedroom accomodation and raced to farm cattle yards.

Vendor is retiring and ready to move onto life's next projects. $1.9M plus GST (if any)

4

Richard Wright

1

B 09 237 2040 | M 027 454 6000

Adrian van Mil

B 09 237 2041 | M 027 473 3632

Property Focus June 2015

pggwre.co.nz

Rural

13

Waiuku

pggwre.co.nz/PUK2366185

Coastal Dairy Farm - South Auckland Targeting 180,000kg MS this coming season. All improvements maintained to a very high standard. 354ha in total with 14 titles and purchasing options. The area of land not milked on is used for dairy support and beef.

Improvements include new effluent disposal ponds, 19 aside Herringbone shed plus support buildings. There are 4 dwellings on the property, all well maintained.

This farm has possibilities. $POA plus GST if any.

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Adrian van Mil

B 09 237 2041 | M 027 473 3632

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Rural

Richard Wright

B 09 237 2040 | M 027 454 6000

PRICE ON APPLICATION

Plus GST (if any)

Te Kauwhata

pggwre.co.nz/PUK21085

Top of the Hill - Te Kauwhata

PRICE BY NEGOTIATION

Plus GST (if any)

182ha (more or less) subject to survey sits this productive Dairy Farm of mainly easy rolling contour with a 44 bail rotary cowshed; two houses and support buildings.

Well set up with K-line irrigation to parts of property, good fencing and farm races.

Opportunity to purchase close to the Auckland Hamilton Expressway.

2013-2014 production 122,334kg MS with possibilities to increase production.

Part of 726ha available in adjoining dairy properties.

Price by negotiation plus GST if any.

3

3

2

Adrian van Mil

B 09 237 2041 | M 027 473 3632

Richard Wright

B 09 237 2040 | M 027 454 6000

Rangiriri

pggwre.co.nz/PUK21086

Grass Factory

PRICE BY NEGOTIATION

Plus GST (if any)

With two central pivots and a daily allowance of nine million litres how can you not grow grass on this 211ha (subject to survey) Dairy Farm?

Open Country Dairy was supplied 197,000kg MS through a 48 ASHB in the 2013-2014 season.

Improvements include a 400 cow feed pad and 6 support buildings.

Houses are a 1 x four-bedroom dwelling; 1 x three-bedroom dwelling and 1 x single man's quarter.

With location in mind the farm is only 1km from the Southern Expressway between Auckland Hamilton. An opportunity not to be missed.

Part of 726ha available in adjoining dairy properties.

For sale by negotiation plus GST if any.

Adrian van Mil

B 09 237 2041 | M 027 473 3632

Richard Wright

B 09 237 2040 | M 027 454 6000

Property Focus June 2015

pggwre.co.nz

Rural

15

Rangiriri

pggwre.co.nz/PUK21087

Te Kauwhata Dairy

PRICE BY NEGOTIATION

Only minutes off the Southern Expressway you have 138ha (subject to survey) of easy rolling contour producing over 177,000kg MS in the 2013-2014 season from a split calving herd of 430 cows.

Improvements include 200 cow feed pad and 3 auxiliary buildings and 25 ASHB. Central pivot irrigation and K-Line keeps the grass growing in the summer months.

Accommodation includes a three-bedroom Villa and a four-bedroom Bungalow.

Part of 726ha available in adjoining dairy properties.

For sale by negotiation plus GST if any.

Adrian van Mil

B 09 237 2041 | M 027 473 3632

Richard Wright

B 09 237 2040 | M 027 454 6000

Rangiriri

pggwre.co.nz/PUK21091

Size and Location

PRICE BY NEGOTIATION

Located just off the Southern Motorway at Te Kauwhata is this 194ha (subject to survey) of mainly flat land with balanced soils and sandy loam silt and some peat.

Supplying OCD with 246,000kg MS in the 2013-2014 season from 570 cows through a 32 ASHB. Improvements include a 300 cow feed pad plus 5 auxiliary buildings.

Houses are a five-bedroom executive home and two single man's quarters. But wait, there's more...

A central pivot irrigation system with the use of up to nine million litres a day. All this and within striking distance of Auckland and Hamilton cities. Seriously for sale an opportunity not to be missed.

Part of 726ha available in adjoining dairy properties.

Adrian van Mil

B 09 237 2041 | M 027 473 3632

16

Plus GST (if any)

Rural

Richard Wright

B 09 237 2040 | M 027 454 6000

Plus GST (if any)

Pukemoremore

pggwre.co.nz/HAM20547

The Good Life

$829,000

GST Inclusive

Located close to the boundaries of Hamilton and Cambridge, this 5.7ha (14 acre) block is small enough to manage with ease, and large enough to be really useful. The property has accommodated horses in the past, and is presently generating income with grazers. The modern and stylish 180 sqm two storey home boasts original design and an open, inviting living experience. A fabulous woodburner heats the house in winter. Featuring 3 bedrooms, 2 living rooms and 3 bathrooms. Follow the sun around all day with indoor / outdoor living that flows onto decked areas perfect for entertaining. Also included are a double garage with sleepout, a 30m bore, 25,000ltr water tank and loading race and yard.Vendors are keen to move to the next stage of their lives, so take advantage of this great opportunity!

1

3

1

2

John Sisley

Jo Dennis

B 07 858 5302 | M 027 475 9808

B 07 858 5338 | M 027 657 3310

Cambridge

pggwre.co.nz/HAM21006

Cambridge Opportunity Awaits

$730,000

After 24 years the current owners are reluctantly moving on and this unique opportunity is now offered for sale. Located only minutes from Cambridge town this very tidy 100m2 (approx) three bedroom home offers a kitchen, dining / living area, 3 bedrooms, a separate toilet, bathroom and separate laundry. At the rear is a covered deck area overlooking the lawn & gardens and is the perfect spot to enjoy a afternoon cuppa.

There is also a separate double garage with workshop area and further up the farm there is a three bay barn and a small shed. The 5.0333ha (approx) of flat land is currently divided into approx 13 paddocks. The training track is overgrown with grass but could easily be restored by spraying and grading. Water is provided to both the house and farm by way of a well.

1

3

1

2

Neale Grubb

B 07 858 5310 | M 021 939 548

Property Focus June 2015

pggwre.co.nz

Rural

17

Matangi

pggwre.co.nz/HAM21024

Support block or the larger lifestyler

PRICE ON APPLICATION

My vendor has purchased, so serious consideration should be given to this very private 9.4ha property. The 15 year old brick home has upgraded insulation, heating, lighting and a stunning new kitchen, with an appealing fresh neutral decor throughout. There is a separate living room and a combined open plan living / dining area. Located to one corner of the property is 270 square metres (approx) of shedding with power and a concrete floor with a high stud height. There is a good water supply from a bore; the land is all in new pasture. The level contoured property has shelter belts from its previous use as an orchard. The land has been leased on a month by month basis for a steady income, the vendor will also lease back the shed for a minimum period of 12 months for further income.

1

4

2

Steve Cochrane

B 07 858 5329 | M 027 243 8315

3

Bob Pennycook

B 07 858 5329 | M 027 243 8313

Ohaupo

pggwre.co.nz/WKO2716739

Widen your Horizons!

$649,000

Located close to the Ohaupo village and only a short drive to either Hamilton, Cambridge or Te Awamutu this home is proudly poised on 3.6 ha (9 acres) and commands far reaching views to the north, west and the south. The land is divided into 4 main paddocks for grazing.

There are verandas on three sides of the home providing a place to sit and take in the sun and views. The open plan living and dining features raked ceilings and is made cosy with a log burner. All 3 bedrooms are double with the master having a walk-in in robe and ensuite.

There is also a double garage and workshop with concrete floor and power.

The vendors work commitments now necessitate a sale.

3

2

1

Steve Cochrane

B 07 858 5329 | M 027 243 8315

18

Rural

Bob Pennycook

B 07 858 5329 | M 027 243 8313

GST Inclusive

Cambridge

pggwre.co.nz/CAM20617

Privacy & Views

$975,000

Plus GST (if any)

• 5.8ha with 276m2 (approx) modern four bedroom home • Large workshop/implement shed with concrete floor • Grazing paddocks, bush and stony bottom stream • Very easy drive to Cambridge and local school • House plan to accommodate home-stays or B & B • This property backs onto a large drystock farm as a backdrop • Ideal for retiring farmers or growing family • Viewing by appointment only • Phone Martin today for more details

4

3

2

Martin Lee

B 07 823 0632 | M 027 497 0830

Property Focus June 2015

pggwre.co.nz

Rural

19

Tamahere

pggwre.co.nz/CAM21178

The Heart Of Pencarrow Road

AUCTION

Beautifully presented property in Pencarrow Road - this has it all - location, charm and a mega shed. Pictures tell the story - a gorgeous block with true rural feel, the home stylishly refurbished for ease of living the lifestyle dream. This admired 8852m² property has easy care landscaping and mature trees including citrus grove. Inside, fresh white walls ready for your own colourways to move in. An open (newly resurfaced) kitchen and dining area flows onto the super large deck for extended outdoor living, soaking in the sunset views of Pirongia.

Large lounge with open fire place and large windows framing views of paddocks. Can be closed from dining. Three large double bedrooms with ample wardrobes, plus one single bed/office and a sunroom/office/entrance way. French doors open onto the deck off the west facing double room.

Post and rail fencing with electrics and tree boxes sets up one large, one medium and two smaller paddocks plus two sand yards. The medium size paddock with jumps has been leveled for a great flat schooling surface for horses. Renown sandy loam free draining soil with mature griselinia hedge framing the boundary.

1

4

1

Scott Borland

B 07 823 0181 | M 027 486 4893

20

Rural

6

Martin Lee

B 07 823 0632 | M 027 497 0830

Plus GST (if any) (Unless Sold Prior) 11.00am, Wednesday 24 June PGG Wrightson Real Estate, 87 Duke St, Cambridge

Cambridge

pggwre.co.nz/CAM21188

Lifestyle With Location - 4.7870ha

AUCTION

Plus GST (if any) (Unless Sold Prior) 11.00am, Wednesday 24 June PGG Wrightson Real Estate Ltd, 87 Duke Street, Cambridge

• Large four bedroom character home • Fully refurbished with office, separate double garage with own shower and w/c • Quiet location located at the end of a no exit road • School buses to excellent schooling • Midway between Cambridge and Hamilton • North facing home with generous timber decking on three sides. Huge covered entertaining area off the kitchen • Six bay shedding ideal as calf rearing or stable conversion plus an additional lean-to • Fenced into ten paddocks with troughs in all paddocks • All the hard work has been done here, move in and enjoy

4

Martin Lee

2

2

B 07 823 0632 | M 027 497 0830

Scott Borland

B 07 823 0181 | M 027 486 4893

Property Focus June 2015

pggwre.co.nz

Rural

21

Matamata

pggwre.co.nz/MAT20966

In the Dress Circle A great opportunity to purchase a 9552m2 lifestyle property approximately 4km from Matamata on Taihoa North Road.

$295,000

GST Inclusive

The north facing property with its post and rail fencing has an elevated building site on which to place your dream home with rural views of the countryside. With sandy silt loam soils the property has various lifestyle options.

Surrounded by quality properties and with an excellent address this could be your lifestyle.

Peter Donnelly

B 07 888 4572 | M 021 449 559

Matamata

pggwre.co.nz/MAT21169

Class Above

$760,000

Rarely found and rarely available this quality 8.8ha property is in a class of its own! Situated approximately 5km from Matamata, renowned for its successful thoroughbred industry and dairy farming this property has a lot to offer the new owner. Currently utilised as a grazing and cropping block the contour is flat to gentle rolling and along with predominately silt loam soils makes this property suitable for various farming options (grazing, cropping, equine or a boutique stud). Design and build your dream home on this blank canvas and enjoy the captivating views of the Kaimai ranges. Telephone and electricity services and a sealed road access are in place. This centrally located private property can not be seen from the road and must be given a full inspection to appreciate.

Peter Donnelly

B 07 888 4572 | M 021 449 559

22

Rural

Plus GST (if any)

Morrinsville

pggwre.co.nz/WKO2728111

Affordable Lifestyle Living

$599,000

Situated on the outskirts of Morrinsville is where you will find this lifestyle property. Fenced into ten good sized paddocks and on town water, with eight acres of nice land, you can choose what your preference for lifestyle use is. School buses go past the driveway, with only a 4km drive into town, it`s not a major problem if the children miss the bus. Relax over summer down by the stream that borders the back boundary of the property, very peaceful and private. The outlook is picturesque and rural; set well back off the road down a private driveway with plenty of mature trees is where you will find this idyllic home. Spacious with plenty of windows, private living upstairs for the parents with a large master bedroom, walk through wardrobe and ensuite. The mezzanine floor provides space for a second lounge area and office. Wonderful indoor living areas, plenty of room outdoors for barbeques and entertaining, double garaging with a separate workshop. All in all this is a really neat spot.

The dogs will enjoy the stream in the summer as much as you will.

Plus GST (if any)

3

2

Plus GST (if any) 346 MORRINSVILLE-WALTON ROAD

2

Ken Walker

B 07 889 0162 | M 027 449 9283

Property Focus June 2015

pggwre.co.nz

Rural

23

Te Aroha

pggwre.co.nz/WKO2760912

Farmers, Why Pay Grazing?

Take control, grow your own heifers on this easy to manage 26ha (STS) grazing block, located just approximately 6 kilometres from Te Aroha and a short drive to Morrinsville and Paeroa.

The contour is mostly rolling with some hay country.

For ease of management there are 30 paddocks with predominantly permanent fencing and some internal electric and hedge.

Water is supplied from a creek with a submersible pumping to a holding tank then reticulated around the farm to troughs.

The pastures are in good heart and weed free and there is a good set of stock yards and loading facilities.

Don't miss this opportunity to manage the growth of your own heifers.

Ken Walker

B 07 889 0162 | M 027 449 9283

24

Rural

PRICE BY NEGOTIATION

Plus GST (if any) 116 HILL ROAD

Hoe-O-Tainui

pggwre.co.nz/WKO2766023

Opportunity Knocks - Milk it or Graze it

$3M

Plus GST (if any)

A total of 83.8584ha with easy to rolling contour - there is plenty of silage country. The three main metal raceways lead from the cowshed. Access to all paddocks allow for ease of stock movement. Structural improvements include a 40 bail internal rotary cowshed with yard space for 300 cows and a meal feeder in shed. There is also a calf shed and a 16 tonne silo.

The main home has four bedrooms with open plan living, basement and double car garaging.

The property also has an older two bedroom cottage which is currently rented out.

Schooling is at Tauhei, Tahuna or Orini and Secondary schooling in either Morrinsville or Hamilton.

This is an ideal first farm or alternatively it could make a runoff or support block for grazing young stock and making supplements. The Vendors are moving on and would like to achieve a result. A must to view!

Stuart Stobie

B 07 889 0167 | M 021 776 173

Peter Lissington

B 07 889 0161 | M 027 430 8770

Property Focus June 2015

pggwre.co.nz

Rural

25

Morrinsville

pggwre.co.nz/WKO2670101

Thinking of Building? Only Five Sections Left

PRICE ON APPLICATION

This premier rural subdivision on the edge of Morrinsville is the ultimate lifestyle with half of the sections sold and all the new homes built to a high standard your future is well protected.

Ranging in size from 3845m2 to 5582m2 there is something for everyone, some offer privacy while others offer outstanding views across Morrinsville and the surrounding countryside.

Enjoy walks around the small lake with many beautiful trees and plant-life, breath in the pure country air while enjoying the conveniences of town on your doorstep. Situated in a perfect location for families with the property being in the zone for the local early childhood centres, popular David Street Primary School, Morrinsville Intermediate and Secondary Schools.

Robyn Cruickshank

B 07 889 0027 | M 027 308 7110

Matamata, Waikato

Reap The Rewards Situated 16km approx west of Matamata this 5ha property has approximately 1.8 canopy hectares of mature green organic kiwifruit. Relish the income from the kiwifruit with the added bonus of approximately 2.5ha of grazing land well suited for various farming options which has excellent fencing and infrastructure for horses or equestrian pursuits. The contour is predominantly flat with volcanic ash over loam soils and the property has its own bore supplying good quality water. Set in park-like grounds amongst mature trees is a four bedroom villa and sleep-out. In recent years the home has undergone renovations and upgrades while retaining the character and charm of its original features. This versatile property has been developed to a high standard and has a lot to offer the new owner.

4

1

Peter Donnelly

B 07 888 4572 | M 021 449 559

26

Rural

pggwre.co.nz/MAT20515

FOR SALE

GOING GOING, SOLD

Our local team in the Waikato have once again proven the success of the Auction process in 2014/15.

Be part of the success for next season!

Forthcoming auction dates - 21 October & 11 November.

Contact your local agent for more information.

Recent Successful Sales at Auction 1ha, Matangi

5924m2, Matangi

10ha, Cambridge

31ha, Cambridge

86ha, Te Awamutu

79ha, Te Awamutu

2.75ha, Te Awamutu

54ha, Tirohia

127ha, Eureka

2.6ha, Cambridge

56ha, Matamata

3.8ha, Hakarimata

59ha, Waitoa

136ha, Paeroa

99ha, Gordonton

37ha, Thames

Tap into our Nationwide Network. Connecting people with Property.

WAIKATO OFFICES:

Cambridge 07 823 0647 Morrinsville 07 889 0171 Otorohanga 07 878 0265

Hamilton 07 858 5338 Thames 07 867 9782 Te Kuiti 07 878 0265

Property Focus June 2015

Matamata 07 888 4572 Limited spaces Te Awamutu 07 870 6219

pggwre.co.nz

27

Waikite Valley

pggwre.co.nz/ROT21152

Jaram Farm - 241 Ngapouri Road

AUCTION

Scale, Contour, Soils and Immediate Settlement Situated 35 kilometres south east of Rotorua this 382 hectares has the scale and versatility to match a discerning purchaser's requirements. The milking platform, being 80% flat to easy contour, can easily expand from 200 hectares to 220 hectares as required as supplements are harvested on the platform. Boasting some of the district's stronger soils combined with good rainfall. The forty aside herringbone is supported by Pro-Track Drafting, a Weeping wall and lined pond effluent system all recently constructed. Ample sundry buildings and three dwellings add to this extensive offering. Furthermore attached is the 133 hectares of dairy run off and dry stock land which is supported by a three stand woolshed plus sheep and cattle yards. The run off has rolling to steeper contours with a northerly aspect and its own water source. The Going Concern will see approximately 400 cows, 90 R2s, 110 R1s and machinery included in the sale.

3

9

3

Graham Beaufill

B 07 349 5489 | M 027 474 8073

28

Rural

3

Paul O'Sullivan

B 07 886 1916 | M 027 496 4417

Plus GST (if any) (Unless Sold Prior) 1.00pm, Thursday 25 June Cnr White & Marguerita Streets, Rotorua

Hamurana

pggwre.co.nz/ROT21194

Location with Lake Views - 262 Oturoa Road

AUCTION

A rare opportunity is presented to purchase one of the most desirable lifestyle properties offered to the market today. This largely post and railed property of 4.4 hectares (more or less) has 15 paddocks, mostly off a central race for easy management, gentle rolling to flat contour that would ideally suit horse lovers. A concrete block stable and tack room, and additionally a large roofed area ideal for covered yards, plus stock yards with load out race.

The home features three double bedrooms, plus a large attached sleep out with ensuite ideal for extended family or guests. The separate kitchen is in keeping with the country theme, open plan dining and family room, with a separate formal living area, all having rural and lake views with bi-folding doors leading to patio areas to enjoy your evening vino.

GST Inclusive (Unless Sold Prior) 1.00pm, Thursday 25 June PGG Wrightson Real Estate, Rotorua

Inspection is a must.

1

Tracy Beaufill

4

2

B 07 349 5494 | M 027 252 7638

2

Graham Beaufill

B 07 349 5489 | M 027 474 8073

Proeprty Focus June 2015

pggwre.co.nz

Rural

29

Waihi

pggwre.co.nz/WHK21179

Dairy Farm with Location and Lifestyle This 197ha dairy farm with support offers the ideal lifestyle all dairy farming families dream of having. Located just 5.6km from the Waihi CBD, with easy proximity to both Coramandel's east coast beaches and some of our favourite North Island cities, the picturesque dairy farm has the diversity you need and a beautifully reburbished family home to go with it.

Key features: • Total area 197hectares - 100ha milking platform • 97ha used for dairy support and dairy beef unit • Best production: 61,000kgMS, plus income from drystock • Wintering: 180 dairy cows, all replacements, angus dairy beef and ewe flock • 14 ASHB dairy, with ample support buildings to a good standard • Whole farm facing north east and in a good rainfall area • Three bedroom family home, refurbished to an upmarket standard • Currently farmed as an all grass, self-sufficient system

1

3

1

Phil Goldsmith

B 07 307 1620 | M 027 494 1844

30

Rural

1

Mike Matutinovich

B 07 863 6587 | M 027 474 5345

$4.25M

Plus GST (if any)

Te Puna, Tauranga

pggwre.co.nz/TAR20993

Flat and Central on Clarke

TENDER

This 1.175ha block is perfectly flat, sheltered and superbly well drained. Accessed off exclusive Clarke Road, but also fronting the highway, giving options for major signage and advertising.

Several tenants have been renting the buildings and are willing to stay on. The house was proudly built in the 70's by the Vendors with big eves and lots of sliding doors and great usable space.

Tons of grass, enough for a rugby field and some cricket lanes.

The largest building is consented as a medium security quarantine facility with air filters, air locks and showers etc, a very useful building. The outside covered area would make a great nursery or animal run for extra income. The packhouse is rented, as is Atelier on the corner.

Across the road, zoning is commercial and similarly so around the Te Puna intersection.

Future proof your investment portfolio. Ring me today.

4

1

Plus GST (if any) (Unless Sold By Private Treaty) Closes 4.00pm Wednesday 5 August PGG Wrightson Real Estate, 214 Devonport Road, Tauranga

2

Andrew Fowler

B 07 571 5797 | M 027 275 2244

Property Focus June 2015

pggwre.co.nz

Rural

31

Ohauiti, Tauranga

pggwre.co.nz/TAR20688

Waiawa Farm

PRICE BY NEGOTIATION

Dense pasture on fertile, alluvial flats, fit for dairy, currently running bulls. A rolling round hill makes almost half the balance affording stunning Mount and BOP views to the north, and is suitable for dairy heifers, currently running sheep.

Plus GST (if any)

115ha in all has been in the family for over 60 years. Beautiful farm with potential for conversion with lease or purchase of neighbours a possibility.

Quality improvements, wonderful farm!

3

1

2

Andrew Fowler

B 07 571 5797 | M 027 275 2244

Tapawera

pggwre.co.nz/NEL21124

Grazing and Cropping with Water 112 Hectares - This well presented finishing property comprises of 60ha of irrigated flats with the balance moderate to steep hill.

32ha of adjoining flat land is leased of which 10ha with a water right is also available for sale.

All farm improvements are of a high standard with the 3 bedroom 1960's home being modernised.

The Vendors are motivated, want this property sold and are prepared to meet the market.

1

3

1

Douglas Smith

B 03 543 8594 | M 027 543 2280

32

Rural

2

DEADLINE PRIVATE TREATY

Plus GST (if any) (Unless Sold Prior) Closes 4.00pm Wednesday 24 June