Rural Outlook Autumn 2023

Rural Outlook

Market update

Conrad Wilkshire General Manager Rural

Nothing about the Rural Real Estate market in 2023 is business as usual!

Welcome to our latest Property Brokers Rural Outlook; we have some excellent properties on offer to the market, and we have high conviction they will be successfully sold, despite the economic and ‘actual’ headwinds that continue to be such a feature of 2023. This summer is not likely to be forgotten in a hurry, notably because it never arrived in the North Island and, at the time of writing, has yet to leave the South.

The devastation of the cyclones has been felt by us all collectively as a nation. For impacted regions, it’s hard to put into words the task in front of people as they rebuild; their homes, their businesses

New Zealand Rural Sales Market

and their lives and still support their communities. Having been part of a leadership team that led the earthquake responses with FMG, if there is one thing I know for certain, it’s our genuine human capacity to work through the issues, and get through the other side of these events. We all have the ability to find that extra low gear when we really need it. And we really do need it just now. Like everyone else, Property Brokers is on the tools, trying to figure out how to help our clients and stay across all the relevant updates. We remain committed to being part of the solution and staying close to the people most impacted.

All Rural Sales 20ha+, 7 Months Year on Year

On matters of real estate, specifically rural real estate, our Rural Outlook publications in both Spring and Autumn are our flagship promotions, campaigning our vendor’s properties from the far north to the deep South. They also reflect our opportunity to provide a ‘stock take’ on what we see in the market and note the key drivers.

I’ve been contributing to that conversation for the past five years, seeking to reflect the views of our team and the conversations we are having with our clients whilst noting the broader influences impacting our primary sector.

As more time marches on, we’ve got less preoccupied with worrying about if we’re talking the market up or down, we now let the numbers do that, and instead, our focus has been on what seems like a market outlier, trend or impact.

This time last year, we took extra steps to suggest the window available to sell Hill Country looked like the most significant market distortion opportunity in 40 years of rural real estate. We also highlighted in 2020 that dairy farms looked significantly undersold and represented excellent value as the market limped along with 150+ dairy farms sold that season and a median value of $32,600/ha.

To try and provide a perspective on what is actually happening right now, is probably the most challenging commentary to make in the last five years. Hence, I’ve asked the team across key regions (they are all key!) to provide their perspective, to try and emulate what I catch up with, getting around on AirNZ ATR’s burning up the carbon as I do.

For those who want the executive summary and the headline numbers, we can confidently say the market is back a third on last year’s Spring/Summer period, both by number and value of sales. Dairy, which has such a strong influence on the underlying value of the rural property market, is back $310m (-35%) in sales for the seven-month reporting period to the end of January 2023. However, the median price is holding both nationally and regionally on last year’s valuations. Hill Country sales similarly, while back by number, values per hectare have held up, but there is a lot of uncertainty now about how long this will continue. Horticulture valuations have been robust in recent years. Still, the consensus is that valuations are past 12 o’clock and likely to reset this year significantly. That view predates the recent cyclone devastation.

If there was ever a year to talk to my team, this is it. Quoting national median prices is likely to serve you poorly.

As you read the regional reports, you will quickly establish that it’s mainly the tier 1 properties that are selling and flattering the median price, particularly for dairy. It has not been a full clearance in the market this season.

If record-keeping and consenting processes are ambiguous (there are probably less flattering descriptions), buyers continue to discount properties at levels unacceptable to vendors. On past trends, this stand-off could go on for some time, in fact, years. Hence we continue to provide as much vendor support as possible, linking subject matter experts well ahead of time to bridge the gap in terms of understanding and the value gap created.

Our clients have access to a swathe of economic reports, but in the spirit of pointing out the outliers, the current successive increases in the Official Cash Rate are right up there (refer chart). The speed of these increases and their impact has yet to register in Wellington. But it’s had a significant impact, moderating the risk appetite of buyers. The strong commodity cycle has assisted confidence, but nothing trumps doubling the cost of borrowing in less than 12 months combined with a squeeze on operating margins across the entire sector. In our business, property sells either on the way up or the way down of the cycle. The fundamentals of our primary sector are powerful. These are not words; they are facts, as our primary sector is still forecast to contribute $55 billion to NZ exports. Our job is to establish a willing buyer and willing seller. In our experience, if the buyer is not at a level, given the underlying strength of the sector, particularly pastoral, things don’t sell, and buyers historically have missed real opportunities to capture value.

To close where we started, this is not a normal year. Getting advice and understanding what’s happening in your district has never been more important. Our pick is those buyers who step up this year at realistic levels for properties outside the dress circle locations will be rewarded over time. Our industry was built on challenges. That’s what created the opportunities.

For rural and lifestyle property advice from a national team of committed salespeople, supported by our expert marketing team, right across New Zealand, call 0800 367 5263 or visit pb.co.nz

Conrad Wilkshire General Manager Rural Property Brokers Ltd

For those who want the executive summary and the headline numbers, we can confidently say the market is back a third on last year’s spring/summer period, both by number and value of sales.”

Northland, Waikato & Bay of Plenty

Market update

While weather this season has been less than spectacular for everybody, underlying market growth expectations for kiwifruit look solid. Interest rates are having an impact on the sector, too, and it seems to be a case of time and place in terms of where we are in the cycle.

On the flip side, those B and C class properties, particularly those with contour or compliance issues, have attracted little interest and vendors are having to adjust their expectations if they are motivated to sell.

There has been a shift from agri bankers and their willingness to support farmers to grow or change their business, but in general there is an underlying lack of confidence in the agricultural industry currently, and people are adopting a wait and see approach.

However, the fundamental drivers for the sector look to be as solid as they have for a long time. There is less food available globally and I would like to think commodity prices will lift further.

The horticulture sector is facing its own battles and kiwifruit is the big name in the Bay of Plenty, typically Gold variety. The 2022 season was a difficult one for growers in terms of fruit quality and being able to get fruit off the vines. For Green growers, costs have gone ahead of the payout.

There are headwinds in the industry, but it is worth noting that when land values surpassed $2 million/ha, prices were driven by a development phase. Values have come off the dizzy highs and are sitting at levels more related to profit now.

Realistically, the market has come back 2530% from the peak about 12 months ago. We are seeing a rise in vendors checking the pulse of the market. There is a lot of activity, and we anticipate an increase in the number of orchards available this season.

The Property Brokers team completed over $50 million of sales in Bay of Plenty kiwifruit orchards in the last season and the outcomes have been great. The industry may be battling a storm at the moment, but it has a bright future.

In Northland, we are still seeing a number of farms exiting the dairy scene and quite a bit of activity with forestry and carbon. With its port, the North may have longer to run on that front than other regions. There is high attrition from dairy supply either going to beef or forestry.

The port is a key driver for the North, and forests within 100km of the port represent money in the bank for forestry.

Without a doubt, the Property Brokers Rural Outlook magazine provides significant reach in terms of finding the best buyer, and represents great value.

Our relationship with Farmlands also provides a significant intellectual approach to solution providing, and you can be assured of a great outcome.

Ian Morgan Rural Manager & Sales Consultant Bay of Plenty & Northland

As would be expected, dairy sales dominate the Waikato region and the 22/23 selling season featured a higher-than-average number of dairy farms coming to the market. We’re seeing Tier 1 farms with land use change capabilities selling at premium levels.

We are seeing a rise in vendors checking the pulse of the market. There is a lot of activity, and we anticipate an increase in the number of orchards available this season.”

Your Upper North lsland team

Northland

Maungakaramea 457 Maungakaramea Road

162 ha - Dairying in the heart of Northland

Looking for the perfect opportunity to diversify your dairy investment portfolio or dreaming of owning your own dairy farm - look no further! Nestled in the sought-after farming, and lifestyle district of Maungakaramea, just 19.5 km from Whangarei, this 162 ha dairy farm boasts easy contour, with a picturesque central lake adding to the charm of the property. The unit has solid infrastructure, including multiple sheds, two homes and a 30 ASHB shed with feed pad, making this farm a dream to operate.

It would make a great first farm, or an attractive investment property with plenty of opportunity for a motivated owner to grab the reins and make their mark on this project farm. Capable of real and achievable production, the addition of some capital and resources will make an immediate impact on the value proposition this farm offers. Whether you are looking to get started in the dairy industry, or to expand your existing operation, don't miss out on this fantastic opportunity!

For Sale By Negotiation + GST (if any) Web pb.co.nz/CBR115924

Mike Colthurst M 021 741 414

Jeremy Waters M 021 607 281

David McGuire M 027 472 2572

Northland

Maungaturoto 506 Batley Road

400 ha - Batley Peninsula

400 ha freehold and 200 ha lease available by negotiation. Located on the Batley Peninsula in the Kaipara Harbour, within 17.5 km of Maungaturoto and only 50 minutes to Whangarei and Auckland one and a half hours away. A once in a century opportunity to buy this one of a kind fattening unit on a peninsular of its own in the Kaipara Harbour7 km of coastal boundary with a number of its own private beaches.

Extensive re-fencing has taken place during the past five years, consisting of nine wire. Most have been battened, some still to be done. Still a small amount of two wire electric. 68 main paddocks, two holding paddocks. Two houses are on farm and the historic Batley House is available by negotiation. On the market for the first time in 112 years, this unique coastal property has a rich history. Farmland or sanctuary, opportunity like this only comes knocking once in a lifetime.

Auction

Auction 12.00pm, Thu 20th Apr, 2023, (unless sold prior), Property Brokers, 180 Bank Street, Whangarei Web pb.co.nz/WHR114588

Mike Colthurst

M

021 741 414 E mike.colthurst@pb.co.nz

Waikato

Miranda 1337 East Coast Road

79.9 ha - The catch of a lifetime!

This 79.9 ha dairy farm offers a unique opportunity to own a piece of New Zealand's rural paradise. Protected from summer dry, the farm is well equipped to support a thriving dairy operation boasting 30 ha of irrigation and a 4.5 ha irrigation dam.

Producing 115,000 kgMS per year and boasting two large herd homes, this farm is a highly productive and profitable investment. The cowshed is a 26 ASHB and the farm is currently run as a winter milking operation with an autumn calving herd meaning that February can be spent fishing for snapper and enjoying the long summer days.

In addition to the dairy facilities, the property also has three titles and offers the potential for future development with much of the farm enjoying stunning views of the Hauraki Gulf. The well built four bedroom brick and tile home with an internal double garage provides a comfortable and spacious living space for the owner, or manager of the farm.

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For Sale By Negotiation + GST (if any)

Web pb.co.nz/CBR113633

David McGuire

M 027 472 2572

Jeremy Waters

M 021 607 281

E david.mcguire@pb.co.nz

E jeremy.waters@pb.co.nz

Waikato

Coromandel 208 and 210 McQuiod Road

27.4 ha - First time on the market in over 60 years!

This is an attractive small farm or larger lifestyle property located on the outskirts of the Coromandel township and has been lovingly farmed by the Smith family since 1962. The property has two homes, the main homestead is a quintessential Queenslander made of Colonial weatherboard with a corrugated iron roof, high-set ceiling and a characteristic veranda that extends around the entire home. The dwelling has been strategically placed on an elevated site commanding sea views and boasts four double bedrooms, large office and open plan living and dining area. The second dwelling is a three bedroom home and has been rented to the same tenant for many years, providing a continuous income stream.

The property with its predominately flat contour is easy to farm and is subdivided into approx. 40 smaller paddocks. This is a rare opportunity to purchase a property in a muchloved location with the coastline at your doorstep minutes from Coromandel township and with subdivision possibilities.

Ian Morgan

M 027 492 5878 E

Chelly Aitchison

M 022 697 8779

E

ian.morgan@pb.co.nz

chelly@pb.co.nz

Tender

Tender closes 2.00pm, Thu 20th Apr, 2023 (unless sold prior), Property Brokers, 78 Studholme Street, Morrinsville Web pb.co.nz/MAR115874

Waikato

Waihi 729 Waihi Whangamata Road

77 ha - Eager for action

77 ha (more or less) dairy unit located minutes from the Waihi township. The farm, milking 170 cows, has a four year average production of 74,428 kgMS with approximately 198 tonne of feed dispensed through the in-shed feeding system and 170 silage bales made on farm. Contour of the property varies from gentle rolling to rolling with some steeper sidling of which 2.6 ha has been retired and planted in native bush.

The farm is presented in good heart with excellent pasture growth rates which is driven by the reliable rainfall and a solid fertiliser application program. Farm buildings include a 16 ASHB, implement sheds, workshop and calf shed.

The property has one weatherboard clad home with four bedrooms, large open plan lounge, dining room and updated kitchen. The home has outdoor decking accessing the expansive lawns and gardens. This is a great little farm with a good location and presents a real value proposition.

For Sale By Negotiation GST (if any) Web pb.co.nz/MAR116964

Ian Morgan

M 027 492 5878

Chelly Aitchison

M 022 697 8779

E ian.morgan@pb.co.nz

E chelly@pb.co.nz

Waikato

160 ha (STS) - Four bareland blocks with sea veiws

Here are four 40 ha (STS) blank canvases ready for your dream home to be built on. The titles are north facing and are in the process of being subdivided off from the original 190 ha farm. They will be subject to final survey ranging in size from 41 to 43 ha and can be purchased individually or as one. Each of the blocks have spectacular sea outlook and are in a premium location - just 5 km east of Waihi township, at the base of the Coromandel Peninsula.

The entranceway is over a stream and up the middle farm track. All blocks of land have been approved as house sites, council approved, along with power and water available on the titles. These blocks are remote and will suit a purchaser wanting to live without other homes nearby and with unbeatable sea views. One thing is for certain, quality land close to town is at a premium, and this premium could be yours, so take advantage of this and reap the rewards today for your future. All land areas are subject to final survey.

Steve Mathis M 027 481 9060 E steve.mathis@pb.co.nz

Waihi Corbett Road

Tender

Tender closes 4.00pm, Mon 1st May, 2023, Property Brokers, 29 Main Road, Tirau, 3410 Web pb.co.nz/TXR107070

Waikato

Te Puninga 333 Manhire Road

44 ha - Dairy support - prime location

A unique opportunity to own 44 ha of prime real estate in the heart of Tatua dairy country, 13 km to Tatua dairy factory.

This property features two titles and a charming two bedroom log cabin-style house. Centrally raced, this property makes a great support block for your existing dairy operation, with the perfect conditions for growing maize, or having control over grazing your own young stock. A disused cowshed provides additional storage options.

Don't miss out on this rare chance to own an attractive piece of rural paradise in a highly sought after location. Contact us today for more information!

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For Sale By Negotiation + GST (if any) Web pb.co.nz/CBR113634

David McGuire M 027 472 2572 E david.mcguire@pb.co.nz

Jeremy Waters M 021 607 281 E jeremy.waters@pb.co.nz

Waikato

Morrinsville 382 Taukoro Road

1 ha - Your forever home

Nestled on a private no exit rural road minutes from Morrinsville township you will be impressed with this superb contemporary home strategically set back from the road. Architecturally designed and built as a forever home in 2015, everything has been cleverly planned and well executed. Boasting sleek minimalistic lines with natural light filled spaces thanks to the floor to ceiling windows this home is very chic and meticulously appointed throughout.

Features include three bedrooms, the private master bedroom enjoys a walk-in wardrobe and a stylish ensuite, a separate working from home wing with two offices which could easily be converted into two extra bedrooms, media room, intelligent internet cabling, extralarge kitchen with all the modern conveniences and a warm open plan living and dining space. If you love entertaining you will appreciate the effortless transition to the private outdoor space, with spa pool, outdoor fire pit and stunning rural views towards Mt Te Aroha.

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For Sale $1,999,000 Web pb.co.nz/MOL116963

Chelly Aitchison

M 022 697 8779 E chelly@pb.co.nz

Peter Lissington

M 027 430 8770 E peterl@pb.co.nz

Waikato

8 ha - Elegant equestrian property with stunning views

This elevated 8 ha (more or less) property with its spectacular rural views and gorgeous fully renovated homestead is a must to visit, especially if you have a passion for horses. Buildings include a 3 bay high stud, colour steel clad shed. Adjacent to the shed is a 18m x 9m stable block with 5 loose boxes, tack room, large workshop and kitchen with two entrances that opens to an equestrian arena and a round lunge yard. Contour is flat to rolling, fencing is top notch.

The homestead has been very tastefully modernised and features include three bedrooms, master bedroom enjoys a stylish new ensuite, modern minimalistic repaint, warm new carpet, blinds and curtains throughout, stunning new bathroom, a lovely country kitchen with all the modern conveniences with a warm open plan living and dining space with large bi fold doors opening onto a two level deck area that has the most spectacular views north and northeast over the rolling farmland through to the Kaimai Ranges and Mt Te Aroha.

Tender closes 2.00pm, Wed 5th Apr, 2023 (unless sold prior), C/- Farmlands, 127 Mangawhero Road, Matamata Web pb.co.nz/MAL117185

Ian Morgan M 027 492 5878

Chelly Aitchison M 022 697 8779

Paul Knudsen M 027 476 5523

Matamata 376 Morgan Road

Tender

Waikato

Waotu 293 Huihuitaha Road Tender

9,165 m2 - A rural escape with a twist

This unique lifestyle block located just 10 minutes from Putaruru has a hidden treasure that hasn't hit the market for 20 years. Flowing at 121 litres per second, the second largest spring in the Waikato can be found on this property, creating a picturesque water feature like no other. This spring was once a trout hatchery and study location of Koura, wasabi and watercress. Currently retired, the spring and large bottom shed provide any purchaser with many opportunities - commercialise into water bottling, scienctific use or, hospitality .... did someone say wedding venue?!

The four bedroom, one bathroom 260 m2 brick home fits right in with this property's calm feeling. Hardwood floors run through the home from the living space all the way to the master bedroom. This dream lifestyle package with a quality home, multiple sheds and breathtaking views has a lot to offer. You absolutely cannot miss viewing this property to see how special it is.

Tender closes 4.00pm, Mon 1st May, 2023, Property Brokers, 29 Main Road, Tirau, 3410

Web pb.co.nz/TXL115045

Steve Mathis

M 027 481 9060

Scott Mathis

M 027 298 3318

E steve.mathis@pb.co.nz

E scott.mathis@pb.co.nz

Waikato

Raglan 112C Newton Road

2 ha - Family home + additional income options!

Located at the end of a private country road, this well-presented lifestyle property enjoys expansive views out to Aotea & Kawhia harbours, Taharoa Peninsula and the Tasman Sea. This contemporary brick home (200 m2) is cleverly designed to enhance family living. The master bedroom is a delight with ocean and rural views, complimented by an ensuite and walk-in-wardrobe. Open plan lounge and dining flow through to a large outdoor area with a cozy fire pit to soak up the glorious sunsets. The double garage offers internal access, while the generous parking area allows space for the boat or motorhome. A modern 6 x 9 m two bay workshop is ideal for those farm essentials. A real bonus, offering additional income options, is the stylish off-grid rustic barn, and the 'Shepherds Hut' selfcontained unit which has proven to be popular on Airbnb.

Karapiro 2400 Maungatautari Road

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For Sale By Negotiation Web pb.co.nz/RGL116377

8,457 m2 - Unique luxury living opportunity

Welcome to Lakeview Lodge, an extraordinary property that offers a unique opportunity to own a bespoke accommodation business and live in luxury with stunning lake views. Located in the heart of the Waikato between Cambridge and Tirau, Lakeview Lodge is centrally located and only 19.8 km to Cambridge. It's also conveniently close to Rotorua and Tauranga, making it an ideal location for guests who want to explore the region. This property features two wings, each with its own unique charm and style. With two wings, the lodge could be converted into an impressive homestead, or one wing could be used as a private residence while the other is operated as an accommodation business. The possibilities are endless! Take advantage of this rare opportunitycall today to arrange a viewing and experience the magic of Lakeview Lodge for yourself.

Jono Hutson M 021 488 766 E jono.hutson@pb.co.nz

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Tender closes 4.00pm, Thu 27th Apr, 2023 (unless sold prior), Property Brokers, 94 Duke Street, Cambridge Web pb.co.nz/CBL117073

David McGuire M 027 472 2572 E david.mcguire@pb.co.nz

Alan Copeman M 021 874 222 E alan.copeman@pb.co.nz

Waikato

Ohaupo 1/69 and 2/69 Douch Road

16.6 ha - Rare opportunity - 2 titles

Two bare land blocks being sold together. One is 1 ha and the other of 15.6 ha, the property is located in a prime spot, equidistant almost between the central Waikato hubs of Cambridge, Te Awamutu and Hamilton.

With elevated building sites to add your dream home, this is the perfect opportunity for a lifestyle plus income from either maize cultivation, grazing young stock, or even horticulture. With a water easement and each paddock equipped with its own water trough, this property is a great investment for an existing farm business, or anyone looking to start their agricultural journey. Don't miss out on this unique opportunity to own a piece of paradise. Contact us today!

Otorohanga Old Te Kuiti Road

For Sale By Negotiation + GST (if any) Web pb.co.nz/CBL115769

Jeremy Waters M 021 607 281 E jeremy.waters@pb.co.nz

David McGuire

M 027 472 2572 E david.mcguire@pb.co.nz

20.9 ha - Blank canvas

20.93 ha. This opportunity is for district farmers for finishing/supplement/retirement.

2.5 km from Otorohanga CBD. Flat contour, town water, central race, 11 paddocks.

Excellent building site, for a retirement home. Multiple land use options, cropping, dairy support, finishing, stud breeding. Inspection by appointment.

For Sale By Negotiation Web pb.co.nz/TER110917

Kevin Wrenn M 021 136 6843 E kevinw@pb.co.nz

Waikato

Wharepuhunga 879 Mangawhio Road

300 ha - The hunt for diversity and scale ends here

300 ha - 250 ha effective, in a highly respected farming region, milking 450 cows once a day, with production around 120,000 - 125,000 kgMS. Approximately half of all young stock are grazed on. This farm boasts a tidy 50 ASHB, two homes, ample shedding and a well constructed modern effluent system with two travelling irrigators.

Mixed contour: approximately 70 ha of flat to easy undulating, 135 ha of undulating to easy hill and 45 ha steeper hill, 20 ha steep and of lower productivity and 30 ha of native. This is a great late season chance to buy scale. Vendors are ready to move.

For Sale By Negotiation + GST (if any) Web pb.co.nz/TWR116789

John Sisley M 027 475 9808 E john.sisley@pb.co.nz

Bay of Plenty

Aongatete 2529 State Highway 2

4.06 ha - Potential for gain

Conveniently close to Katikati this established property offers multiple revenue options. Tucked away amongst the trees is a cosy four bed family home with a massive internal access garage big enough for all the toys. The spacious living area has great indoor-outdoor flow to a fenced garden perfect for small children or pets.

Covering 2.5 ha of the 4 ha property, the property features 320 avocado trees ranging between 15 - 20 years old. The current owner's careful tree husbandry is reflected in the healthy state of the trees which have shown consistent and increasing production over recent years with a crop estimate of 80 to 120 bins for this season. The impressive newly refurbished 150,000ltr irrigation system provides winter frost protection and summer irrigation. There is genuine intent on the vendors behalf to move on; if you’re looking for a lifestyle with options you should definitely put this flourishing property on your list to view!

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For Sale $1,710,000 Web pb.co.nz/TGR100282

Alwin Thorne George M 027 208 1414 E alwin@pb.co.nz

Eddie McDermott M 027 488 8154 E eddie.mcdermott@pb.co.nz

Bay of Plenty

5.65 ha - Paengaroa prime gold

Prime orchard, prime location. 3.96 canopy hectares located in the orchard golden triangle country. Currently 2.46 ca ha Sungold G3 plus 1.5 ca ha early start Hayward suitable for grafting over to Gold.

This superbly located, immaculately presented low altitude Paengaroa Gold orchard is double planted, supported by full Ag beam structures and lines up with the best. Historically production has consistently produced good size fruit with high TZG in both the G3 and Hayward. With the Hayward proven early start you have the best of both worlds here.

The property is supported by a well presented modern home and a large implement shed with lunchroom. This is a desirable gold orchard in a prime location, don't miss out.

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For Sale By Negotiation Web pb.co.nz/TZR114983

bretta@pb.co.nz

Paengaroa 207 Maketu Road

Brett Ashworth M 021 0261 7488 E

Bay of Plenty

Pongakawa 1435 Pongakawa Bush Road

67.41 ha - Work life balance

An attractive 67.41 ha farm in native bush setting, located at an altitude of 215 masl ensuring reliable summer rainfall with a semi coastal influence. Flat to rolling contour with some steeper sidings, approx. 36 ha of mowable contour provides ample area for supplementary feed. Fenced into 26 paddocks with water supplied from the farms own bore. Milking 150 cows OAD calving 25 July. The farm has produced 49,149 kgMS while rearing 40 replacements on whole milk and 20 additional cattle also farmed. Cropping approx. 7.5 ha.

Farm buildings, include 20 ASHB with 200 cow yard and Alfa Laval milking plant. Modern Golden Home provides excellent housing. Open plan living area, four bedrooms, master ensuite, internal double car garaging. Located well back from the road, a private setting with mature native bush outlook over the farm provides a fantastic, relaxing environment from a large deck. Fantastic opportunity here for a Bay of Plenty based farming venture milking 150 cows once a day.

For Sale By Negotiation + GST (if any) Web pb.co.nz/TZR117093

Brett Ashworth M 021 0261 7488

Ryan Carlyle M 027 587 7261

E bretta@pb.co.nz

E ryan.carlyle@pb.co.nz

Bay of Plenty

97.27 ha - As unique as it gets

Rewarewa Ridge is a remarkable property that has been transformed from unspoilt countryside into an attractive productive grazing operation. Located a short distance from Tauranga and Mount Maunganui, the property offers breath taking north facing views. A geo tech approved building platform provides an opportunity to build your dream residence.

A well fenced farm with reticulated trough water to all paddocks. Good all weather internal access roads ensure easy management. Supporting approx. 240 dairy grazers and produces around 250 bales of wrapped silage. Also included a four bay lock up half-round shed, good cattle yards with loadout. Additionally, there is an adjoining 7,521 m2 site with a three bedroom home that can be purchased. Unique features include unspoilt spectacular native bush, streams and fully serviced off-grid hunters lodge. Rewarewa Ridge is truly unique property and may have future subdivision opportunities that will make this an exceptional investment proposition.

Tender closes 1.00pm, Thu 27th Apr, 2023 (unless sold prior), Property Brokers, 63 Jellicoe Street, Te Puke Web pb.co.nz/TZR117179

Brett Ashworth M 021 0261 7488 E bretta@pb.co.nz

Ian Morgan M 027 492 5878 E ian.morgan@pb.co.nz

Ohauiti 470 Rowe Road

Tender

Bay of Plenty

Te Puke 171b Gridley Road Tender

2.92 ha - High motivation

Amble down the driveway and discover your very own, private 2.9 ha paradise. This brick and tile home of 340 plus m2 consists of five good size bedrooms including a large master with ensuite. Huge open plan living flows out to an expansive covered area with a lovely rural outlook, ideal for the entertainer at heart.

In addition, there is a spacious, self-contained granny flat, which you could use for extra income, Airbnb, great for extended family, work from home or guest accommodation.

An easy commute to Te Puke town and close to local schools, beaches and the Eastern Link to venture further. Triple car garaging, plus an American barn for the toys or storage, and the chooks even have their own place to call home. Good fencing. Peaceful and private, this property is a must to view.

Tender closes 1.00pm, Thu 27th Apr, 2023 (unless sold prior), Property Brokers, 63 Jellicoe Street, Te Puke Web pb.co.nz/TZL101478

Ryan Carlyle

M 027 587 7261

Peter Foley

M 021 024 19121

E ryan.carlyle@pb.co.nz

E peter.foley@pb.co.nz

6 3 Multi 3

Bay of Plenty

Rotoma 1061 Braemar Road

8 ha - Lovely land with views

Secluded and elevated possible house site to build your dream home looking out to Whakatane Heads, Moutohora (Whale Island) and the Braemar Hills. Here is your chance to own a decent size rural lifestyle block in a stunning sought after location. Ideal for a horse or two or graze your choice of stock.

Just over 8 ha of rolling land, a half round barn and water bore with power already on site. The local Braemar Road area has a wonderful community, and is approximately 27 minutes to Whakatane, or approximately 14 minutes to Edgecumbe, while water sports at Lake Rotoma are just over the hill on State Highway 30. This is a rare opportunity to enjoy the rural dream.

For Sale $689,000 + GST (if any) Web pb.co.nz/RTL111503

Robert Davies M 021 595 767 E robert.davies@pb.co.nz

Bay of Plenty

Rerewhakaaitu 206 Ash Pit Road

135 ha - Here's a great opportunity

135 ha dairy unit with flat to gentle rolling contour held in three titles with two road frontages located 25 minutes South of Rotorua, with the option to lease a further 49.9 ha title.

This farm has been nurtured and developed by our Vendors and is very well raced and subdivided and is currently milking 520 cows with a five year production average of 200,263 kgMS, however the farm will be sold with only three titles which would suit approximately 390 cows. Farm infrastructure includes a 47 ASHB, implement sheds, calf sheds and a lined effluent storage pond.

There are two dwellings on the property, a three bedroom brick home and an older fourbedroom weatherboard dwelling situated on an elevated site with outdoor decks overlooking the farm and Lake Rerewhakaaitu.

For Sale By Negotiation Web pb.co.nz/MAR107049

Ian Morgan M 027 492 5878 E ian.morgan@pb.co.nz

Chelly Aitchison

M 022 697 8779 E chelly@pb.co.nz

Bay of Plenty

347 ha - Large scale dairy farm

Dairy units of this size are rarely offered for sale in this locality. 347 ha (more or less) is being offered for sale with six titles. Prior to this season the farm has been milking 850900 cows for a 3 year production average of 317,600 kgMS (2019/20 – 2021/22 seasons). This season has seen a change in farm practice where cow numbers have dropped to 450 and 100 ha of maize is being grown on the property.

Approx 280 ha is flat to undulating contour with the balance being moderate hill. 114 ha of the property is currently irrigated via two central pivot units. Application has been lodged to bring a further 26 ha in under a third pivot. The farm dairy is a 50 bail turnstile rotary complete with in-shed feed system and there is an array of other infrastructure including a 300 tonne feed bunker. Housing is well catered for via six dwellings made up of two 4 bedroom, two 3 bedroom and two 1 bedroom units. This developing property has scope for a savvy operator to exploit.

Phillip Berry

M 027 478 8892 E phillip.berry@pb.co.nz

Peter Lissington

M 027 430 8770 E peterl@pb.co.nz

Galatea 3931 Galatea Road

Tender

Tender closes 12.00pm, Thu 20th Apr, 2023 (unless sold prior), Property Brokers, 38 Landing Road, Whakatane Web pb.co.nz/WTR117036

Your Lower North lsland team

John Arends Area Manager M 027 444 7380

Stuart Sutherland Manawatu M 027 452 1155

Jared Brock Tararua M 027 449 5496

Jamie Smith Tararua M 027 220 8311

Paul Joblin Wairarapa M 027 443 3756

Greg O’Byrne Taranaki M 027 598 3000

Tony McKenna Wairarapa M 027 901 0246

Blair Cottrill Manawatu M 027 354 5419

Jim Crispin Tararua M 027 717 8862

Mark Lourie Whanganui M 027 273 3458

Pat Portas Central Hawkes Bay M 027 447 0612

Tom Lane East Coast M 021 058 7018

Yvonne Forlong Manawatu M 021 456 565

Doug Glasgow Rangitikei M 027 204 8640

Sam McNair Tararua M 027 264 0002

Paul Evans Hawkes Bay M 027 533 3314

Mike Heard Area Manager M 027 641 9007

Katie Walker Ruapehu M 027 757 7477

Avram Deitch Hawkes Bay M 021 979 690

Simon Hunt Hawkes Bay M 021 404 079

Fenton Wilson East Coast M 027 498 4483

James Butler Central Hawkes Bay M 027 405 8930

Ted Shannon Manawatu M 021 833 536

Raewyn Moody Horowhenua M 027 226 6036

Klaas Verbeek Wairarapa M 027 594 6524

Ruapehu

Taumarunui 36 Kirikau Valley Road

51.51 ha - Kirikau Valley

If you are looking for the next property to step up on the farm ownership ladder then this 51.51 ha in the Kirikau Valley, located just 25 km from Taumarunui, could be for you. There are approx 11 ha of flat to rolling land at the front of the property that provides area to harvest supplement feed, grow crops or for fattening stock. The farm rises from flats to easy hills to steeper hills at the rear of the farm. Everything musters downhill to a well equipped three stand woolshed or to the cattle yards with load out.

There is a good level of subdivision with 18 paddocks, a fenced laneway to the woolshed/yards, some are deer fences so there is potential to farm deer. The home is nicely positioned on an elevated site, it has four spacious bedrooms and a nice open plan kitchen diner that faces north and has some lovely views over the flats and support buildings. Information booklets are available on request and viewings are by appointment only.

4 1

For Sale By Negotiation Web pb.co.nz/TUR117488

Katie Walker M 027 757 7477 E

katiew@pb.co.nz

Taranaki

5.04 ha - Chicken (broiler) farm at Lepperton

For sale is this large and very well presented and maintained poultry production farm which is contracted to Tegel. Ideally located in the desirable Lepperton district in North Taranaki, the property comprises of eight modernised sheds of varying sizes with a combined total net shed area of 11,290 m2. 5.5 - 6 runs annually with 190,000 birds per run. Substantial investment into fully upgrading and automation to ensure sheds are at the highest standard for their ages.

Other improvements include natural energy (solar) and water storage facilities. All supporting plant and equipment is included. Approximately 1.5 ha of grazing land subdivided into five grazing paddocks is also part of the sale. Other buildings include an upgraded three bedroom character home with double garage plus a good number of supporting buildings. This high quality, well located chicken farm provides an excellent investment opportunity to be part of the major broiler chicken industry operated by Tegel.

For Sale By Negotiation + GST (if any) Web pb.co.nz/NPR116097

M

E greg.obyrne@pb.co.nz

Lepperton 687 Manutahi Road

3 2 2

Greg O'Byrne

027 598 3000

Rangitikei

Mataroa 163 Rongoiti Road

312 ha - Iconic Glencrest Farm

Located 10km from heartland Taihape, in the renown Mataroa District. Glencrest is 313ha of fertile rolling pasture with some medium hill country. Located within the local rain belt, the property is predominantly summer safe. Not often does a farm of this calibre come to the market.

Land use ranges from drystock, breeding and finishing all the way through to dairy support. Well subdivided into 55 main paddocks with a central lane providing easy stock movement. Well watered from a natural reservoir and natural springs. A four stand woolshed and yards complement the property, as does the renovated five bedroom home set in mature grounds. This property boasts location and contour and has not been for sale in generations. The Mataroa settlement on the farm boundary has the local primary school with a bus service to other schools in town and the local college. A strong rural community. 90km to Lake Taupo and the same to Feilding further demonstrates the locality (will not be sold prior).

Auction

5 1+

Auction 1.00pm, Tue 4th Apr, 2023, 163 Rongoiti Road, Mataroa. Web pb.co.nz/TPR117465

Stuart Sutherland M 027 452 1155

Ted Shannon M 021 833 536

Greg Kellick M 027 619 3051

Whanganui

Turakina 1433D State Highway 3

Tender

49 ha - Options galore

Rarely does a property with so many options come to the market. Made up of two distinctive soil types, Halcombe silt loam over a sand base (8 ha) and Marton silt loam over a clay base (41 ha), offering different grazing options. Home to the Richmond stables, offering 24 loose boxes, six stalls, seven night pens, tack room, storage shed and toilet block, and an all weather 1,200 metre sand base training track, any horse discipline could utilise.

The house offers country living in a farm style bungalow, generous in size and sitting in established gardens, detached bach and swimming pool will accommodate the young family. With access to Lake Heaton, a private lake, the evenings will be filled with water sports. Arrange a private viewing.

Brunswick 1310 Brunswick Road

Boundary lines are indicative only

39 ha - Stepping up or stepping down

Here is a great opportunity to start your pathway to farm ownership, or step down and enjoy the benefits of semi-retirement. Located in the sought after Brunswick area, this easy to run farmlet is a ten minute commute to Whanganui - build your dream home, or live off the farm and enjoy the benefits of both worlds. Consisting of 39 ha (approx) in total, made up of 10.5 ha (approx) of quality flats with the balance steeper hills, a nice mix to be able to breed and finish. The property is well set up with a woolshed, cattle yards, and ample storage sheds, town water connections and quality pastures. A number of building sites offer a great chance to build the home of your dreams and enjoy the good life, while fallow deer offer recreational hunting on your doorstep. This property will suit a number of buyers so call Mark today to inspect.

Tender closes 3.00pm, Thu 13th Apr, 2023, Property Brokers, 51 Taupo Quay, Whanganui Web pb.co.nz/WGR117311

Mark Lourie

M 027 273 3458 E markl@pb.co.nz

Boundary lines are indicative only

Boundary lines are indicative only

For Sale $1,150,000 + GST (if any) Web pb.co.nz/WGR112583

Mark Lourie

M 027 273 3458 E markl@pb.co.nz

Whanganui / Hawke's Bay

Westmere 30 Mitchell Road

Boundary lines are indicative only

Boundary lines are indicative only

38 ha - A hidden treasure

Rarely will you find a property with the location and privacy offered here, only 10 km or 10 minutes from the main street, it's as close as you will find this size lifestyle to Whanganui's CBD. The established gardens and all weather tennis court create the perfect surrounds for the character home offering a farm-style footprint, fitting for any discerning buyer. Two living areas, four bedrooms and two bathrooms and en suite will cater for most families. Numerous sheds include double garaging with storage attached, a four bay pole shed with two bays enclosed offering garaging storage and workshop, plus two open bays suitable for hay and farm storage. The two stand woolshed and yards offer all stock handling facilities for sheep and cattle while horse handling facilities offer the horse enthusiasts another option.

Sherenden 539 Flag Range Road

4 2 For Sale Buyers $2,300,000+ Web pb.co.nz/WGR110838

25 ha (STT) - Your rural escape

Located west of Hastings city in the Sherenden district is a parcel of land just waiting for new owner. Consisting of 25 ha (STT) of rolling pasture which has historically been used as a small deer farm. Stock facilities include deer shed and yards which of late have simply been for cattle farming. The property is well fenced with some reticulated water and nature creeks and dams.

There are a couple of potential house sites if this is an option or simply utilise as a runoff or small grazing block. There is a school located a few minutes back down the road. For further information or to arrange a viewing call today to discuss.

Mark Lourie

M 027 273 3458 E markl@pb.co.nz

New Listing

Tender closes 2.00pm, Wed 19th Apr, 2023, Property Brokers, 306 St Aubyn Street West, Hastings Web pb.co.nz/HR101781

Mike Heard

M 027 641 9007 E mike.heard@pb.co.nz

Gisborne & Hawke’s Bay Market update

For our growers, making the most of the current harvest where possible is the absolute priority.

Like everyone else, Property Brokers has been supporting the region. Our team all come from farming and growing backgrounds, one way or another, whether they grew up on a farm, worked in rural banking, or farmed themselves – simply, it is in our DNA.

So, if there are people who wish to talk about real estate, we are happy to have a chat.

The reality is that the cyclone and its impact has created uncertainty in terms of what the market will do in the future and what it may mean for people.

Our region faces the daunting task of a mammoth clean-up, rebuilding homes and lives, in the wake of the cyclone. The scale of the damage is hard to comprehend, and immediate thoughts have turned to animal welfare and roading access desperately needed to offload stock as winter approaches for our farmers.

The situation is at the forefront of the entire team’s minds, and we extend our deepest sympathy to those affected by the cyclone, both town and country.

We continue to field questions on what the cyclone implications will be for our local rural and lifestyle property market. The bottom line is “it depends”.

Many decisions are still subject to central and local government responses and final insurance outcomes. We understand that, and our whole team is here to help in any way we can.

Mike Herd Area Manager & Sales Consultant Hawke’s Bay & Gisborne

For farmers, growers and families across impacted parts of Te Ika-a-Māui, the North Island, we know it is an extremely difficult time.

As an immediate response, Farmlands has set up their ‘Cyclone Gabrielle Response Fund’ so anyone can contribute to the recovery of these communities.

100% of your gift will be used to help support the livelihoods of the people hardest hit by the disaster, and Farmlands will match those contributions to a total of $50,000.

Donate to the Cyclone Gabrielle Response Fund: shop.farmlands.co.nz/response-fund

As I write this, our region remains under a State of Emergency as we pick up the pieces left behind by Cyclone Gabrielle.

East Coast

Makauri 120 Pilmer Road

8 ha - Harvest the reward

• 8 ha • Envy Apples 3.06 ha • Oranges 1.67 ha • Mandarins 1.54 ha

• Two titles • Machinery shed.

This well established orchard presents a great opportunity, to get into the horticulture industry and get a return from the get-go, without the down time of developing a bare block. Superbly located in the heart of the Poverty Bay flats. The oranges are a mixture of Fukumoto (0.76 ha) and Barnfield (0.91 ha) varieties. The mandarins consist of Kawano (1.49 ha) and Afourer (0.05 ha) The Envy apples consist of approximately 7,278 trees over 3.06 ha. There is a half gable implement shed on the property, providing safe and secure storage for orchard machinery. If you are looking to enter the horticulture industry or expanding an existing portfolio this orchard will certainly tick the boxes.

There could also be the opportunity to build on this property and live your dream lifestyle.

For Sale By Negotiation Web pb.co.nz/GIR111932

Tom Lane M 027 866 5263

E toml@pb.co.nz

Hawke's Bay

5.9 ha - Take in the picturesque views

For the first time in over 50 years Sahara has come to the market as it's time for our vendors to make their next move. An attractive 5.90 ha (14.5 acres) lifestyle property located on Te Aute Trust Road, Poukawa. The home is well positioned and elevated to take in the views of the Poukawa basin, the surrounding hills, and the changing seasons. The welcoming and sun-soaked brick split level four bedroom home with three car garaging is ready for you to put your own signature on! With a large games room it is ideal for a teenagers retreat.

You will have two great choices for primary schools (up to year 8) with Poukawa school 10 mins away and Pukehou even closer, just six minutes. This property boasts some great shedding with a well constructed 1,55 m2 shed on a concrete pad and fully powered. It gives you the ability to cater for a wide range of uses as well as operate your business from home. With other shedding and a quaint two stand woolshed, you will have plenty of storage options.

4 1 1 3

For Sale By Negotiation

View By appointment Web pb.co.nz/NL112844

Paul Evans

M 027 533 3314

Donald Wright

M 022 650 5394

E paul.evans@pb.co.nz

E donald.wright@pb.co.nz

Poukawa 84 Te Aute Trust Road

Hawke's Bay

Ongaonga 291 Blackburn Road

223 ha - Grass factory

This 223 ha property located in the strong farming district of Ongaonga is currently set up as a beef and dairy support unit.

223 ha - 214 ha in pasture, well subdivided into 50 paddocks with a "Rolls Royce" reticulated bore water system. Contour is approximately 60 ha flat, 157 ha easy rolling balance medium hill.

Excellent infrastructure including auto drafting and weighing system. Woolshed and arrangement of implement /hay shedding and calf rearing sheds. Renovated three bedroom managers dwelling and a one bedroom cottage.

This is a turn-key beef finishing/dairy support unit, just press go!

For Sale By Negotiation

View By appointment

Web pb.co.nz/NL14601

Paul Evans

M

027 533 3314 E paul.evans@pb.co.nz

Tararua

Market update

It’s old school, but you can’t sell a secret at the moment, and the tables have turned somewhat in that we have the listings, but we need the buyers. Forestry has underpinned our market for the last six years and, while forestry continues to operate, there is a reduction in forestry interest currently, even prior to the Cyclone. This presents a perfect opportunity for pastoral buyers right now, noting in the aftermath of recent weather events, expanding operations probably hasn’t been to the top of the list. However, the best buying opportunities often coincide with challenging circumstances, it just seems to be the way it goes.

There have been 21 farms (20ha+) sold in the Tararua this year compared to 43 last season. Obviously, the 21/22 period was a reflection of the lower interest rates and farmer confidence to transact on all land classes, including the deconversion of six operational dairy farms to finishing. Grazing to forestry conversion has played a large part in the Tararua market, especially on our eastern hill country, with three sales in each period. Forestry interest continues to be mainly New Zealand-based entities, with our distance to port excluding most OIO purchasers.

We have seen that properties that have been well marketed and presented to purchasers have still attracted interest and sold at similar values to the previous season.

Parts of our region have felt the impact of Cyclone Gabrielle’s wrath, particularly those in the eastern hill country, where farmers were already dealing with a tough 12 months, due to higher-than-normal rainfall and saturated ground. Solid investment in roads and infrastructure will be required to give buyers confidence in these areas.

Our Tararua team have numerous properties currently under campaign, with interest from both local and further afield purchasers. Waiwera Station, which was marketed by our Pahiatua branch, received excellent interest, with a total of 13 individual parties looking over the property, which was sold to a relocating family from Tolaga Bay.

Our True team promise, that everyone in the team has equal opportunity to sell any listed property, has demonstrated a point of difference for us, and a united team approach. It has resulted in numerous successful transactions completed between branches on either side of the ranges, and up and down the east coast. A prime example was a 1113 ha property sold between our Waipukurau and Pahiatua offices.

The key to selling properties will be strong marketing, and a well thought out strategy. Our team are optimistic about what the next 12 months will bring in the rural market, and feel we offer the best advice and expertise to continue to transact properties at a premium in the Tararua District.

Jared Brock Rural Sales Consultant Property Brokers Pahiatua

The Tararua rural property market has seen a 50% reduction in the total number of farms sold this season compared with the same period OctoberMarch last year.

Our Tararua team have numerous properties currently under campaign, with interest from both local and further afield purchasers.”

Tararua

Dannevirke 918 Otope Road

343 ha - Te Ngae - honest and handy

Located in the prime and sought after district of Otope Valley, Te Ngae contains quality soil types and contour resulting in a well performing sheep and beef breeding and finishing property. Water is provided through springs on the limestone hill country, streams and dams and a small gravity fed supply to troughs. Fencing is conventional, subdividing the property into 28 paddocks with well formed tracks.

Infrastructure includes a two bedroom dwelling with office, modern kitchen and bathroom, lounge opening out to a patio, overlooking well manicured gardens and lawn and a one bedroom self-contained sleepout. Farming infrastructure consists of a four bay workshop with concrete floor, pit and electricity, airstrip with 50 tonne bin, five bay hayshed and cattle yards with concrete base.

For Sale By Negotiation + GST (if any) Web pb.co.nz/DL114562

Sam McNair M 027 264 0002 E sam.mcnair@pb.co.nz

Jim Crispin M 027 717 8862 E jimc@pb.co.nz

Tararua

137 ha - Finishing, support or further development

At 137 ha total, this property offers options to the market, with multiple titles allowing for purchases from a 2.6 ha lifestyle property to standalone properties of 92 ha or 42 ha.

Currently utilised as beef finishing, the property has a productive history of 50 ha previously utilised as dairy platform with the remainder a mix of finishing and dairy support. The contour and soil types are well suited to making supplements or fodder crops with 85 ha suitable for cultivation. Farm improvements include a double garage utilised as a storage shed, two three bay sheds and a well-formed central race leading to cattle yards. The water is pumped from a dam to all troughs with a secondary supply available from a newly installed well providing independent supplies.

An aesthetically appealing block with native bush scatterings in an excellent location, dual road access and just minutes from the Dannevirke township.

For Sale By Negotiation Web pb.co.nz/DR108542

Jim Crispin M 027 717 8862 E jimc@pb.co.nz

Sam McNair M 027 264 0002 E sam.mcnair@pb.co.nz

Dannevirke 268 Graham Road

Tararua

Pahiatua 1068 Hinemoa Valley Road

728 ha - Bullock Hills

Located only 17 km from Pahiatua and under 45 minutes drive to Palmerston North, this large scale sheep and beef breeding property is sure to appeal.

The medium hill country is extensively subdivided into 40 plus paddocks with excellent tracking providing access and ease of stock movement. Consistent fertiliser history and development has resulted in 4,000 ewes and 200 cows of renowned quality wintered on the property. Key infrastructure includes a four stand woolshed and covered yard facility (1,000np), cattle yards, multiple satellite yards and reticulated water. A sound three bedroom home with extensive shedding completes a sought after package.

Bullock Hills provides an exceptional larger scale breeding property in a farming climate renowned for summer rainfall.

Tender

Tender closes 2.00pm, Thu 30th Mar, 2023, Property Brokers, 129 Main Street, Pahiatua Web pb.co.nz/PR115030

Jared Brock M 027 449 5496

Jamie Smith M 027 220 8311

E jared@pb.co.nz

E jamie.smith@pb.co.nz

90.06 ha - The complete package

Located within a 15 minute drive to Feilding. This unique property boasts a large modern homestead on a quality farm that has the ability to finish all classes of livestock. The modern homestead was carefully built by the vendors, including four generous-sized bedrooms, master with ensuite, with a large open plan kitchen dining and a separate family room. Situated in attractive grounds looking over a large pond that has been extensively planted with natives, a real feature of the property.

The farm has a superb balance of medium hill, and quality flats, approximately 60 percent of the farm is cultivatable. The property is split into 19 main paddocks with a high standard of fencing and an exceptional network of tracks throughout. Improvements include implement and hay shedding, a two stand wool shed, cattle yards, and sheep yards. Water for the property is supplied from the Halcombe water scheme (10 units) and gravity fed across the property (will not be sold prior).

Halcombe 462 Junction Road

Tender

Tender closes 11.00am, Wed 26th Apr, 2023, Property Brokers, 54 Kimbolton Road, Feilding Web pb.co.nz/FR116998

Stuart Sutherland M 027 452 1155

Blair Cottrill M 027 354 5419

Ted Shannon M 021 833 536

Manawatu

Pohangina Valley 81 No 1 Line

60 ha - Finishing farm

This 150 acre finishing property is located in the eastern Manawatu under the Ruahine Ranges in a reliable farming area. The farm is an excellent balance of flat to medium hill country with a good water supply and fertiliser history. The grazing land is well set up with farm lanes and good subdivision. Previously the property has been a bull unit and is now utilised as dairy heifer grazing. The property is almost entirely effective with approximately 3 ha of pine trees and bush.

The spacious modern home was built in 2017 and has four bedrooms (master with ensuite and walk-in wardrobe) within the main area of the home and a fifth room attached to the double carport and single garage. There is an enormous deck that wraps around the home to the north and west. The property is well located for commuters at around half an hour to Palmerston North and Feilding and there is primary and secondary school bus services 800 metres from the property at the start of No 1 Line.

5 2 2 1

For Sale By Negotiation Web pb.co.nz/FR111459

Yvonne Forlong

M 021 456 565 E yvonnef@pb.co.nz

Manawatu

Colyton 148 and 148A Midland Road

150 ha - Colyton finishing farm

This 150 hectare finishing farm is located in the Colyton district only 16 minutes from the rural township of Feilding and 28 minutes from Palmerston North. Our retiring vendors have operated the property as a bull finishing unit for many years with calf rearing being a significant component of the earlier operation. The balance of contour and the well subdivided nature of the property make this an easy-to-run farm, consistently wintering between 240 - 270 mixed aged bulls.

The property is aesthetically appealing with significant plantings around the large dam near the homestead and across the property. Improvements include a magnificent five bedroom homestead with swimming pool, a second three bedroom home on a separate title, a 320 capacity calf rearing shed, two sets of cattleyards, three bay implement shed, stables and arena. This property represents a high standard of living on an easy to run finishing farm with additional rental income.

5+3 3+1 3

For Sale By Negotiation Web pb.co.nz/FR111952

Yvonne Forlong

M 021 456 565

E yvonnef@pb.co.nz

Horowhenua

Levin 15 Tarahunga Road

3.11 ha - Country estate

Nothing short of excellence is this 329 m2 architecturally designed country residence. Opulent and elegant with European flair this is a home of many options. Majestic formal entrance bathed in natural light with Italian ceramic features and full underfloor heating. This sumptuous home boasts three enormous bedrooms, each with it's own ensuite, plus extra guest wc, separate office, formal and informal dining and living areas, chef's dream kitchen both gas and induction cooking, spa pool and much more. Situated on 3.11 ha of park like grounds featuring a GAP accredited, income producing, 800 tree boutique lime grove with both Tahitian and Kaffir varieties. Seldom does a property of this calibre come on the market.

Levin 265 Kuku East Road

3 3 2 2

For Sale $1,800,000 Web pb.co.nz/LL113335

24.3 ha - Exceptional rural property

Exceptional opportunity exists with this 24.35 ha (60 acres) prestigious lifestyle property. Purchase price is plus GST (if any) on the land. This double storey 293 m2 homestead oozes charm and character; built 24 years ago it features five bedrooms, three bathrooms, country kitchen and multiple living spaces.

For the extended family or homestay opportunity there is a generous American style barn with fully self-contained two bedroom accommodation. The land is of interesting contour ranging from flat pasture to rolling and hills. The property has previously been used for horse trekking and also has a 23m x 17m arena. This is a once in a lifetime property with something for everyone.

Murray Doreen

M 027 490 4773 E murrayd@pb.co.nz

7 4 2 2

For Sale By Negotiation Web pb.co.nz/LL114605

Raewyn Moody

M 027 226 6036 E raewyn.moody@pb.co.nz

Wairarapa

Te Wharau Bismark Road

659.1 ha - Bismark

Bismark is located approximately 8 km from the Homewood coast and 50 minutes drive east of Masterton. There are a range of potential options on offer, including an exceptional hunting block with a proven track record or for those thinking outside the square - a fantastic opportunity to pursue outdoor adventure tourism.

There is an aesthetically appealing mix of native bush comprising of Kahikateas and Totara. Also scattered throughout are millable pines with some clear grazable areas ideally suited for future planting. There are several points of entry including an airstrip onto this property, which are linked to multiple and well maintained tracks giving good year round access.

Call up your hunting mates and make this your next playground!

For Sale By Negotiation Web pb.co.nz/MR111996

Tony McKenna M 027 901 0246 E tonym@pb.co.nz

John Arends M 027 444 7380 E johna@pb.co.nz

Property Brokers Country

Our Property Brokers family is now over 850 strong in more than 88 locations throughout provincial New Zealand. Still doing business with a handshake, we sell thousands of properties a year, combining our local knowledge and passion with market-leading expertise and reach – both nationwide and across the globe.

As members of the NZ Realtors Network, we have access to a huge referral network of buyers and sellers to help get you the best the market can offer. We’re also part of the exclusive Leading Real Estate Companies of the World network, giving us global connections to buyers interested in provincial New Zealand.

Our strategic partnership with Farmlands Co-operative gives our customers exclusive access to over 64,000 shareholders.

Nationally provincial from the top of the North to the deep South.

Results that speak for themselves

Market update Canterbury

The market is discounting farms with uncertain consents or poor compliance records, and farms in second-tier locations are proving more challenging to move at last year’s prices, given the squeeze on operating margins.

This has reduced the buyer pool for properties offered to market, with one or two genuine buyers operating at tender or auction as the new normal.

Buying interest has ranged from wellestablished local operators to renewed interest from out-of-town buyers. PB has completed several transactions this season where the buyers have originated from the North Island.

As always, quality rural properties sell well, no matter the market forces at play, and this has been clearly evident over both spring and summer with Canterbury rural real estate.

Well-located dairy and dairy support properties with irrigation, land-use consent and quality infrastructure have been met by strong market demand.

Season to date has seen 11 dairy sales for $106m, back a third on last year, but the median price per hectare is still holding at $49,000/ha both this season and last.

All Canterbury rural sales (20ha+) season to date are back a third at 75 sales, season to date on last year (109). However, the median price has strengthened at $39,000/ha, reinforcing that quality properties sell at full value in the Canterbury market.

The arable sector has experienced a muchimproved harvest, helping confidence there. Arable land values are still typically below what is being paid for dairy support. This reflects land use compliance constraints rather than any lack of demand for quality arable land.

Enquiry for sheep and beef properties continues to be strong across the region. Weakening schedules, a softening commodity outlook, and higher interest rates will likely weigh on this market over the second half of this year.

Looking ahead, it is hard to envisage the current pressures on the rural land market changing in a hurry, and we probably should consider this the “New Normal” for buyers. So as buyers seek to gain a competitive advantage over the rest of the market, we should anticipate the due diligence and extended timelines to conclude contracts with vendors.

If you’re considering selling this coming Autumn or Spring, having the right team on your side will be vital.

The reach of our team across rural New Zealand is second to none, supported by experienced local agents with a proven track record of securing the best terms no matter the market conditions.

Gareth Cox Rural Manager & Sales Consultant Property Brokers Canterbury

The Canterbury rural market is not immune to the rise in interest rates and on-farm inflation, which is putting the squeeze on returns for farmers and growers in the current season.

As always, quality rural properties sell well, no matter the market forces at play, and this has been clearly evident over both spring and summer.”

Your Canterbury/West Coast team

Gareth Cox Area Manager M 021 250 9714

Michael Richardson South Canterbury M 027 228 7027

Matt Collier Central Canterbury M 027 205 6626

Maurice Newell North Canterbury M 027 240 1718

Paul Cunneen Mid Canterbury M 027 432 3382

Chris Murdoch Mid Canterbury M 027 434 2545

Greg Jopson Mid Canterbury M 027 447 4382

Jason Rickard Mid Canterbury M 027 245 8495

Hamish Anderson North Canterbury M 027 678 8888

Tim Meehan South Canterbury M 027 222 9983

Grant McIlroy Central Canterbury M 027 345 9262

Chris Moore Central Canterbury M 027 288 0563

Paul Murray West Coast M 027 256 9967

Shane Spiers South Canterbury M 027 380 1801

Anna Hart West Coast M 027 294 9678

Simon Anderson Central Canterbury M 021 0828 5532

Stephan Knowler Central Canterbury M 027 229 9522

West Coast

West Coast 1497 Haupiri Road, Haupiri

295 ha - Haupiri dairy farm

Situated just over an hour from Greymouth in the heart of the Haupiri Valley is this 295 ha freehold dairy farm complemented by a 21 ha DOC grazing concession. A well established unit that boasts great infrastructure including a 54 bail rotary shed with in-shed meal feeding system, Waikato ACR's, Protrack, and milk meters with a 550 cow capacity selfwashing yard. Currently milking 700 cows on a OAD system with a five year average of 263,000 kgMS and run in three blocks with a good network of gravel lanes and utilising the Halter collar system for virtual fencing. Young stock are grazed off farm and cows are wintered off on a neighbouring property which will be available for grazing if required. Two permanent material dwellings on farm plus a full range shedding including a calf shed under a tunnel house system with 19 pens.

The herd is available for purchase if desired at valuation. A great opportunity to secure a large-scale dairy farm combined with modern technology.

For Sale From $6,300,000 + GST (if any)

Web pb.co.nz/GYR113309

Anna Hart

M 027 294 9678

Gareth Cox

M 021 250 9714

E anna.hart@pb.co.nz

E gareth@pb.co.nz

West Coast

South Westland 154-216 La Fontaine Road, Hari Hari

130 ha - Entry level dairy unit

Opportunity to purchase a 130 ha entry level dairy farm. A low input pasture-based system currently milking 240 cows through a 26 ASHB with Read plant. Sheds include a seven bay implement shed with two lockable bays along with a fertiliser bin. Two houses, one three bedroom home with an additional two bedroom recently renovated home currently used as an Airbnb.

Option to purchase this property as a going concern for $3,000,000 + GST (if any) including stock and plant. This property has been well farmed for many years and presents an opportunity for investment or for sharemilkers looking at a first farm option. Call the agents to secure a viewing.

For Sale $2,500,000 + GST (if any) Web pb.co.nz/HKR112195

Anna Hart M 027 294 9678 E anna.hart@pb.co.nz

Gareth Cox M 021 250 9714 E gareth@pb.co.nz

North Canterbury

Motunau 47 Lindsay Terrace

30.55 ha - Amazing

This stunning coastal 30.55 ha property is right on the boundary of residential Motunau.

The 296 m2 home is a five bedroom, three bathroom dwelling with three living areas and a double internal access garage. Construction is brick, double glazed aluminium windows and concrete tile roofing. The house is sited in such a way as to maximise the views.

It has eight zone ducted central heating/air conditioning, wood burner with wet-back and bathroom heat transfer. Support buildings include a six bay 175 m2 shed plus a 6m x 4.5m shed. There are nine well fenced paddocks and cattle yards.

Balcairn 45 Maskells Road

5 ha - So many options here!

Looking for an exclusive country retreat, a horse-riding paradise, a car collector's dream or room for two families? This spectacular property with glorious views has so many features, it simply must be seen to be fully appreciated. Entering the wide lobby you are greeted by cathedral ceilings and a huge living area reminiscent of ballrooms and cocktail parties of old. The stunning architectural details are quite unique and with 12 double French doors leading to beautiful decks surrounding the home, there is oceans of light and myriads of spaces to enjoy in all seasons. Moving through the designer galley kitchen, both practical and elegant, you encounter the east wing dining room that could be a separate living, bedroom with Jack/Jill ensuite, copious storage, the master's den and an upstairs loft ideal for teenagers.

Deadline Sale

5 3 3 2

Deadline Sale closes Thursday 13th April, 2023 at 4.00pm, (unless sold prior) Web pb.co.nz/RL116268

Maurice Newell M 027 240 1718 E mauricen@pb.co.nz

Hamish Anderson M 027 678 8888 E hamisha@pb.co.nz

4+1 3 2+ 4

For Sale By Negotiation Web pb.co.nz/RL116615

Dayan Muntz M 021 432 926 E dayan.muntz@pb.co.nz

Kirstyn Barnett M 021 312 230 E kirstyn.barnett@pb.co.nz

Central Canterbury

Darfield 2394 Old West Coast Road

93 ha - Leasehold Kowhai Flats Farm

Located just 20 minutes from Christchurch, this impressive stand-alone property offers a rare opportunity in a highly desirable location. Subdivided into 14 main paddocks with a versatile mix of soils, making it ideal for a range of mixed cropping options. Previous crops include potatoes, strawberries, onions, squash, cereals and peas. Currently the property is finishing lambs, trading cattle and producing asparagus for the local market.

The property boasts an impressive array of infrastructure, including food processing and chiller facilities, a four-bay storage shed with drying capacity, a 300 m2 packing shed, a twostand wool shed, and significant other shedding, along with sheep and cattle yards. In addition, there is a well-maintained 250 m2 permanent material four-bedroom home in a sheltered and private setting. The mix of quality infrastructure, location, and versatility all combine to provide strong broad market appeal. Early inspection is advised.

Tender closes 1.00pm, Wed 19th Apr, 2023, Property Brokers, 68 South Terrace, Darfield 7510 Web pb.co.nz/DFR115883

Matt Collier

M 027 205 6626

Gareth Cox

M 021 250 9714

E mattc@pb.co.nz

E gareth@pb.co.nz

Tender

4 1 2

Central Canterbury

98 ha - Versatile options at “Lakeridge”

With the iconic Lake Ellesmere as the backdrop for "Lakeridge Farm" the area is both picturesque and sought after. The 98.2 ha sheep and beef property has been the pride and joy of the current vendors for over 20 years. Traditionally the farm has run around 1,250 stock units all of which are wintered on the farm. Farm improvements include a five bay and seven bay implement shed, two stand woolshed, and yards plus two x 20 ton silos.

A 230 m2 two storey Summerhill Stone home featuring five bedrooms, two bathrooms, heated by logburner, and triple car garaging allows space for a family to live and enjoy all the area has to offer. Just 10 minutes from Leeston this property offers a rural lifestyle with the convenience of being close to a supportive farming community. This property is an excellent opportunity for a first farm buyer or someone looking to expand their local farming operation.

Tender closes 5.00pm, Tue 4th Apr, 2023 (unless sold prior), Property Brokers Rolleston Shop 13/9 Masefield Drive, Rolleston 7614 Web pb.co.nz/ROR115869

Mid Canterbury

Ashburton 192 Griffiths Road

15.88 ha - Something to sink your teeth into!

This unique apple orchard sits on 15.88 ha of fertile soils, close to Ashburton and presents a rare opportunity for the Mid Canterbury plains with a 13.2 ha steady state orchard planted in 2014. The orchard produces 'Honeycrisp' apples for the North American market under a Bio-grow (organic) certificate.

The orchard has a Manager's dwelling on-site and plenty of staff accommodation.

This apple orchard is ready to carry on the good work already completed and watch the apples head out the gate.

For Sale Buyers $2,250,000+ Web pb.co.nz/AR117542

Paul Cunneen M 027 432 3382 E paulc@pb.co.nz

Jason Rickard

M 027 245 8495 E jason.rickard@pb.co.nz

Mid Canterbury

Ashburton 87 Hekeao Road

Tender

109.73 ha - Dairy support, quality soils

This very tidy dairy support property has lots to offer the incoming purchasers. Very well subdivided into approx. 38 paddocks, excellent trimmed shelter, all weather farm track, excellent array of farm improvements and a very tidy permanent material four bedroom homestead.

Quality soils and reliable rainfall make this a property well worthy of closer inspection. Located in the district of Amana in Mid Canterbury foothills.

Please note this property sits alongside a 4 ha property that is also on the market.

Ashburton 61 Hekeao Road

Tender

4 1 2

Tender closes 12.00pm, Mon 17th Apr, 2023 (unless sold prior), Property Brokers, 217 West Street, Ashburton Web pb.co.nz/AR117482

Chris Murdoch M 027 434 2545 E chris@pb.co.nz

4 ha - Foothills living at its very best

This lovely modern homestead set in the foothills of Mid Canterbury in Anama has been built with the family in mind. Consisting of five bedrooms, master with ensuite, three toilets, two spacious living areas, separate office and great indoor outdoor flow. Separate hobbies room and double garage plus tractor shed and lockup. Quality soils and good rainfall.

You get all of this plus only minutes down the road to Mayfield, Mt Somers or Ashburton. A great family retreat. Inspect today.

Please note: This adjoins 87 Hekeao Road and the two blocks can be purchased together.

5 3 2 4

Tender closes 12.00pm, Mon 17th Apr, 2023 (unless sold prior), Property Brokers, 217 West Street, Ashburton Web pb.co.nz/AL117483

Chris Murdoch M 027 434 2545 E chris@pb.co.nz

Your Otago/Southland team

Russell Cotton Otago M 027 465 7442

Alan Eason Otago M 027 489 8760

Nigel Moore AREINZ Southland M 027 444 6132

Patrick Bowden AREINZ South Otago M 027 436 5161

John Beaufill Southland M 027 431 0054

Doug Warhurst Otago M 027 466 0247

Ray Kean Otago M 027 435 7478

Joe Latta Otago M 027 224 7112

Andrew Booth Otago M 027 575 9256

Paul Urquhart Otago M 027 543 7774

Robin Jenkins Central Otago M 027 224 7546

Barry Meikle North Otago M 027 436 5131

John McCone North Otago M 027 221 9133

John Faulks Regional Manager M 027 452 5800

Kim Strawbridge South Otago M 027 379 5502

Brett Lucas Southland M 027 435 1361

Dallas Lucas Southland M 027 432 5774

John Hay Rural Sales Manager M 027 435 0138

Rex Kane Southland M 027 481 5608

Wayne Clarke Southland M 027 432 5768

Mark Wilson Southland M 027 491 7078

Michelle Lucas Southland M 027 564 0737

Ryan Osborne Southland M 027 340 4333

Merv Dalziel North Otago M 027 439 5823

Ross Robertson North Otago M 021 023 27220

Stephen Heffernan North Otago M 027 255 9927

Willy Rathbone Otago M 021 701 968

Central Otago

Saint Bathans 26 Dunstan Creek Road

191.93 ha (STS) - Lifestyle with income

Located at 26 Dunstan Creek Road, just 12 km to the lovely St Bathans. This flat to rolling hill farm is currently leased out until early May. With some irrigation by K-line and maintenance required across the block, there is untapped potential here. A key feature of the property is the large homestead. Featuring five bedrooms, three lounges, office, along with an updated kitchen on the ground floor, upstairs there is a large snooker room and bedroom. This character home dates back to a different era, providing options here to develop the accommodation, or simply enjoy the stunning setting with views to Mt St Bathans and surrounds yourself. Purchase options are available, ranging from purchasing the whole property, to the homestead and farm separately. Grab this opportunity to build a great lifestyle in stunning Central Otago.

Ida Valley 23 Klifden Road

5 1

For Sale By Negotiation Web pb.co.nz/AXR106567

176 ha - Pure Central Otago

Located in the heart of Central Otago, near Oturehua, is the opportunity to purchase a 176 hectare grazing property. This productive farm has easy rolling contoured land divided into 28 paddocks. The solid four-bedroom home has a recently renovated open plan kitchen, living and dining area. The house is well placed for sun and has numerous heating options. The farming amenities include a full range of quality farm buildings, three stand wool shed, covered yards, cattle yards, two implement sheds and hay barn, permanent fencing, approximately half the property can be irrigated by K-line which could be further developed. Suitable for sheep, beef or dairy grazing. As an additional bonus, the Central Otago Rail Trail runs through the property, adding potential to generate some off farm income.

Willy Rathbone M 021 701 968 E willy.rathbone@pb.co.nz

4 1

For Sale Buyers $1,900,000+ Web pb.co.nz/DNR94091

Russell Cotton

M 027 465 7442 E russell.cotton@pb.co.nz

Hyde 9101 Hyde-Middlemarch Road

1,370.57 ha - Quality in Hyde - "Craighurst"

We offer for sale this excellent Hyde property which is well located being situated at the base of the Rock and Pillar Range within easy travelling distance to Dunedin City and Central Otago. This realistically priced property is for genuine sale by realistic vendors. The 1,370 ha is made up of approximately 300 ha of paddocks with the balance excellent hill blocks. High quality improvements include modern well-presented four bedroom family home, second separate home, five stand near new woolshed and covered yards, as well as numerous farm buildings. Wintered, 2,500 half-bred ewes, 700 half-bred hoggets, 800 finishing lambs, 1,500 Merino ewes (August only), 110 mixed aged cows (May, June, July & August), 10 in-calf heifers, 135 yearling cattle, 90 R2 mixed sex cattle. Properties such as Craighurst seldom come available.

Palmerston Palmerston-Dunback Road/Switchback Road

For Sale By Negotiation + GST (if any) Web pb.co.nz/DNR12950

167.10 ha - Cropping, beef finishing, dairy support

This exceptional property is located on the town boundary of Palmerston and just 55 km to the heart of Dunedin. Currently run as a beef finishing, dairy grazing and crop growing unit, the property has multiple land use options. The strong river flats are well balanced by the easy to rolling hill country. Facilities include cattle yards, sheep yards, three large implement sheds and an 80 tonne capacity grain silo. The 50 ha in Lucerne is the engine room of the property and approximately 38 ha is irrigated via K-line, which provides further summer security and production and crop growing ability. This block would make an ideal dairy support unit, and adding to the great potential of this property is that the land is in multiple titles offering future subdivision options. Don’t miss this quality offering!

Ray Kean

M 027 435 7478 E ray.kean@pb.co.nz

For Sale By Negotiation Web pb.co.nz/DNR110337

Ray Kean

M 027 435 7478 E ray.kean@pb.co.nz

Willy Rathbone

M 021 701 968 E willy.rathbone@pb.co.nz

Otago

Dunback 67 Macraes Road New Listing

25.15 ha - Views to die for

If you are looking for something special this may very well be just the property for you! Nestled on an elevated site overlooking the property and the hills beyond is this stunning home that offers so much. In 2017 the homestead underwent a major complete renovation making it the special home it is today. Heated by central heating, consisting of open plan kitchen, casual dining and living area, separate lounge, separate formal dinning, three large bedrooms with master having an ensuite and dressing room, family bathroom, three toilets, laundry and double garage. This home has been decorated with both taste and quality. A separate office/fourth bedroom is adjacent to the home, five separate decks provide great places to sit and take in the stunning views.

The 25 ha provide excellent cattle or horse grazing. Large five bay implement shed, three bay implement shed, feed room, two storage sheds, excellent cattle yards, all weather horse arena, all making this an ideal small farm.

For Sale Buyers $1,650,000+ Web pb.co.nz/DNR13783

Ray Kean

M 027 435 7478

Willy Rathbone

M 021 701 968

E ray.kean@pb.co.nz

E willy.rathbone@pb.co.nz

3 2 2

Otago

Moonlight 2805 Macraes Road

2,048 ha - It doesn't get better than this

The combination of scope, flat and rolling contour along with an excellent standard of improvements all make Dochroyle a very good sheep and beef breading and finishing farm. 2805 Macraes Road is located close to the gold mining town of Macraes in East Otago. The property consists of 2,048 ha of flat and rolling paddocks with some steeper hill blocks.

Improvements include a well presented main homestead, plus a second three bedroom cottage. A third home is in the process of being moved onto the property. Four stand woolshed and covered yards with 2,000 night pen, numerous haybarns, implement sheds, workshop etc, all help make this an excellent productive farm. Dochroyal wintered 6,600 Romney ewes, 1,800 hoggets, 120 rams and killers, 150 breeding cows, 140 R2 steers and heifers, 140 R1 steers and heifers, plus bulls. Dairy heifer grazing in 2014. Dochroyle has the reputation as a productive property in excellent heart. Rare opportunity to purchase a quality property.

Deadline Sale

Deadline Sale closes Wednesday 26th April, 2023 at 12.00pm, (unless sold prior), Property Brokers, 21 Macandrew Road, South Dunedin Web pb.co.nz/DNR117350

Ray Kean M 027 435 7478

Willy Rathbone

M 021 701 968

E ray.kean@pb.co.nz

E willy.rathbone@pb.co.nz

Otago

Lee Stream 2797 Clarks Junction-Lee Stream Road

1,664 ha - Abbotsford Station

This iconic large scale sheep and beef breeding and finishing property with forestry option, is located within close travelling distance to Outram and Dunedin City. Abbotsford wintered

5,124 Romdale ewes, 1,525 hoggets, 181 beef cows, 30 RD heifers, 33 R1 heifers, plus bulls and steers with strong options to increase production. Abbotsford has run in excess of 10,000 SU in the past. Location, rainfall and altitude all provide great options for alternate land use.

Improvements include five stand woolshed with covered yards, implement shed and new set of cattle yards. Rolling and flat contour, along with an extensive private stock water scheme are assets that make Abbotsford Station an ideal breeding and finishing unit with both scope and scale. The dwelling is being retained by vendors along with 37 ha. This property comes to the market for the first time in over 150 years, and offers a great opportunity for someone looking for that special property!

Tender closes 12.00pm, Thu 27th Apr, 2023 (unless sold prior), Property Brokers, 21 Macandrew Road, South Dunedin Web pb.co.nz/DNR114362

Ray Kean

M 027 435 7478

Willy Rathbone

M 021 701 968

E ray.kean@pb.co.nz

E willy.rathbone@pb.co.nz

Tender

Otago

Middlemarch 626 Gladbrook Road

848.14 ha - Well balanced Middlemarch property

Kelvin Grove offers a purchaser approximately 428 ha of fertile paddocks and 420 ha of excellent hill blocks. This genuine sheep and beef breeding and finishing property also contains history of dairy support grazing which is a real asset. Kelvin Grove has generally run in excess of 4,500 SU. Improvements include an excellent family home with open plan kitchen, living and dining areas, separate lounge, four bedrooms - master with ensuite, family bathroom, all set in a great garden setting. Four stand wool shed and covered yards with numerous farm building complete this very good farm.

Pine Hill 5 Cowan Road

Deadline Sale

4 2

For Sale By Negotiation Web pb.co.nz/DNR114091

Ray Kean

M 027 435 7478 E ray.kean@pb.co.nz

Willy Rathbone

M 021 701 968 E willy.rathbone@pb.co.nz

8.29 ha - Lifestyle city-side

Grab this Dunedin City lifestyle opportunity with both hands! Offering 8.29 ha of pure rural lifestyle on the edge of the city boundary, it now beckons new owners looking to make their lifestyle dream a reality. With a large, designated building platform to create your choice of home, an established and truly private setting amongst extensive shelter plantings, as well as feature stone fences the local area is renowned for - your imagination will be the only limiting factor here. Currently grazing a mix of horses and sheep - bring your choice of paddock friends and enjoy this unique combination of rural lifestyle city-side!

Deadline Sale closes Thursday 13th April, 2023 at 1.00pm, (unless sold prior), Property Brokers, 21 Macandrew Road, South Dunedin Web pb.co.nz/DNL115793

Paul Urquhart

M 027 543 7774 E paul.urquhart@pb.co.nz

Photos taken in 2022.

Mosgiel 130 School Road South

3.05 ha - Lifestyle that will impress!

The hard work has been done to create a property that combines a tranquil country setting with exceptional layout and location. This spacious home provides an open plan living, dining and kitchen area, leading out a sundrenched patio creating perfect indoor/outdoor living, plus spacious separate lounge, four plus bedrooms - master having ensuite and a dressing room. This property is well set up for equestrian pursuits with post and rail fencing throughout, including a center lane leading to five main paddocks and an all-weather arena. A large stable complex and truck shed, tack room plus a shower and toilet, all adds to what this property has to offer.

Mosgiel 352 Gordon Road

4 2 2 4

For Sale Buyers $2,400,000+ Web pb.co.nz/DNL110202

1.66 ha - 'Titan on the Taieri' plus income

652 m2! Yes, that's right, 652 m2 of bricks and mortar sitting dominantly on 1.66 ha ready for a new owner. And that's not all... that's just the main dwelling! This unique and truly enormous home comes with an income option too - a four bedroom (short term accommodation permitted) home on the front of the title. Our motivated vendor has moved away and has said, "This MUST sell!"

Six plus bedrooms, three plus living areas, six plus car garaging, open plan kitchen/dining, huge rumpus room, double glazed, central heating, the list goes on. Accommodation at the front of the property was extensively renovated in 2014 and currently fetches between $500-$700 per night. Don't sit and wait on this one, the orders have been given, it's got to go!

Ray Kean M 027 435 7478 E ray.kean@pb.co.nz

Alison Kean M 027 489 5665 E alison.kean@pb.co.nz

6 3 3 6

For Sale By Negotiation Web pb.co.nz/MGL116457

Joe Latta M 027 224 7112 E joe.latta@pb.co.nz

South Otago

Craigellachie 728 Beaumont Highway

Deadline Sale

11.5 ha (Title pending) - Lawrence lifestyle - Castle Dent

Over the cattle stop and up the welcoming mature tree lined driveway is very solid four bedroom, open plan homestead consisting of two living areas with expansive rural views. Clad in brick with coloursteel roofing. The home is heated via a metro wood burner and is partially double glazed. The kitchen and bathroom have been modernised and there are two showers and two toilets plus a bath. The home has a single garage and there are other various garages and huts close to the dwelling. Other improvements include a huge four stand shearing shed and covered yards, a three bay workshop/implement shed, and another five bay shed which has stables and a killing shed encompassed. Situated a short drive to the bustling township of Lawrence where all the required necessary amenities are. The Clutha Gold Trail riders cruise past on the boundary.

Craigellachie 732 Beaumont Highway

Deadline Sale

4 2 2

Deadline Sale closes Thursday 20th April, 2023 at 4.00pm, (unless sold prior), Property Brokers Dunedin, 21 Macandrew Road, South Dunedin Web pb.co.nz/DNR113496

Doug Warhurst

M 027 466 0247 E doug.warhurst@pb.co.nz

Ross Robertson

M 021 023 27220 E rossr@pb.co.nz

579 ha (STS) - Run block investment - Lawrence

A mid to upper level run property in the Lawrence district Otago. Title expected May 2023. This run block has previously been run in conjunction with a larger farm and is now offered for sale as a separate block.

Access to the property is situated on State Highway 8, which is 12 km northwest of the township of Lawrence, and a further 5 km to the north and accessed by Young and Medwin roads. (Easement conditions apply). The northern boundary of the run follows the true left branch of the Beaumont River. The majority of the run ranges between 500 masl and 700 masl. Its been utilised for cattle and sheep grazing in the past. Very good hunting with huts for camping out.

Deadline Sale closes Thursday 20th April, 2023 at 4.00pm, (unless sold prior), Property Brokers Dunedin, 21 Macandrew Road, South Dunedin Web pb.co.nz/DNR111259

Ross Robertson

M 021 023 27220 E rossr@pb.co.nz

Doug Warhurst

M 027 466 0247 E doug.warhurst@pb.co.nz

South Otago

Owaka Valley 1320 Hunt Road

718 ha - 'Hilly Rig' - Catlins hill block

'Hilly Rig' offers a well-balanced sheep and beef breeding and lamb finishing property with the added potential of carbon farming and/or forestry. Consisting of 718.51 ha of freehold land across six titles offering plenty of scale and opportunity with a mixture of pastures, tussock country and some steeper faces. Natural water supply throughout the property with creeks and springs, with shelter from native bush and natural terrain. The property ranges from approximately 200 masl to 555 masl and is in a recognised good rainfall area averaging approximately 1,040 mm annually.

Peak livestock numbers were 3,200 crossbred ewes, 840 hoggets, 120 killers/rams, 100 MA cows, 20 steers/heifers and 2 bulls. The property has a range of improvements including a five bedroom main house ("as is where is" as currently under renovation), a 2022 built two bedroom cottage, three stand woolshed and covered yards, circular cattleyards, three satellite sheepyards and various implement sheds and haybarns.

Deadline Sale

Deadline Sale closes Monday 17th April, 2023 at 1.00pm, (unless sold prior), Property Brokers, 125A Gordon Road, Mosgiel Web pb.co.nz/MGR116143

Joe Latta M 027 224 7112 E joe.latta@pb.co.nz

South Otago

Wairuna 545 Clydevale Road

196 ha (STS) - Solid performer in South Otago

Located on quality soils at Wairuna, South Otago, this is a solid performing, modern design dairy unit. At 196 ha (subject to survey) and on soils well known for their cropping capabilities, it was established in dairy just 11 years ago and operates as a dairy platform milking 530 cows. Featuring a 54 bail rotary with ACR's, excellent effluent management and well-designed farm layout, all combining to produce the potential for a very people-efficient operation. It is complimented by an array of farm buildings, an on-farm rock supply, a five bedroom main homestead set in established gardens, as well as a modern three bedroom home.

Together Stronger

Our combined strengths complement each other, creating more opportunity for our customers and Farmlands shareholders across provincial New Zealand.

• A nationwide network from Northland to Southland

• Sound, trustworthy advice from market-leading experts

• Shareholder benefits and preferential commission rates means more money in your pocket

Bigger networks, more buyers, better results

For more information call 0800 367 5263 or visit pb.co.nz/together

$7,250,000 + GST (if any)

5 2

For Sale

Web pb.co.nz/DNR96101 Paul Urquhart

Southland Market update

Those with steeper contour and a more outlying location have been a challenge. Demand for high quality, well located horticultural land is very strong and selling at premium prices.

We also have demand in the larger scale sheep and beef market, and like other areas, values have been underpinned by forestry up until now, with prices in the range of $10,000 to $13,000/ha. Whether these prices hold is a matter of wait and see.

Those strong sales included five Tier 1 dairy farms. Selling in this tight market has been an exceptional result for our vendors, and it is pleasing to note that these properties have held their value, selling for between $42,000 to $48,000/ha. The balance of sales being a mix of dairy support properties and sheep/beef.

The dairy support and grazing market is essentially a two-tiered market now. The new land use regulations require farms that have no history of grazing dairy stock during the ‘reference years’ (2014-2019) to apply for a consent from Environment Southland. Those with a proven history and of easy contour are in demand and selling well.

In Southland, we face the same headwinds as other regions around obtaining credit, rising costs, and environmental compliance. For the experienced agents, this is nothing new, we have been here before, and we know the market will continue to transact and good buying opportunities will be present.

Where a skilled agent adds value is by thinking laterally and working with our Vendors and Purchasers to create those opportunities. In some instances, that could involve the Vendors providing finance in conjunction with the bank and/ or structuring deals on a lease-to-buy basis.

The past three months represent a strong performance from the Property Brokers Southland team. With continued demand for quality properties and guidance from our experienced team, we have every confidence we can continue to achieve these excellent results into the future. Southland has and continues to offer good value from a farming perspective with a reliable climate and quality soils.

John Hay Rural Sales Consultant Property Brokers Invercargill

The Southland Property Brokers team has recorded incredibly strong results over the last 90 days, transacting in excess of $60 million in farm sales, somewhat bucking the national trend and proving the region represents good value from a farming perspective.

Selling in this tight market has been an exceptional result for our vendors, and it is pleasing to note that these properties have held their value.”

Our True Team delivers results

ha Seaward Downs 353 Morton Mains Gorge Road

210 ha

Isla Bank 326 Buckingham Road

ha

Roslyn Bush 354 Kennington Roslyn Bush Road

Southland

Dipton 1147 Lumsden Dipton Highway

253 ha - Dairy equity partnership - requiring $1,300,000

Investor capital of circa $1,300,000 is required to complete the purchase of this existing dairy operation for settlement on 1st June 2023.

The property comprises 253.71 ha freehold with two adjoining long term leases consented for milking of 98.3 ha and 44.5 ha. In recent times this farm has been under 'a once a day' milking regime, milking 800 cows. The consent has been updated to twice a day milking, which the purchaser will be following, which will see a lift in production. All cows are wintered on farm, with young stock wintered elsewhere. Accommodation includes two modern and renovated homes plus a two unit staff accommodation. The dairy shed is a 23 aside twin pit herringbone shed with a 650 cow yard and new 800 cow consent. 145 ha of the property is irrigated providing a more secure growing season.

Forecast 9.72% pre-tax return on equity. Alternatively, the property is available for purchase by negotiation.

For Sale By Negotiation + GST (if any) Web pb.co.nz/IR105474

John Hay M 027 435 0138

Dallas Lucas M 027 432 5774

Wayne Clarke M 027 432 5768

Southland

Pourakino Valley 815 Pourakino Valley Road

314 ha - Consistent, reliable grass based production

A genuine and very well maintained 314 ha dairy farm for sale in the Pourakino Valley, just 20 km to picturesque Riverton. This property is nestled in amongst pockets of native bush and has a very appealing aesthetic outlook. Featuring flat to easy contour, quality lanes and infrastructure, this farm has been a very reliable producer year in year out. Of ideal scale milking approximately 580 cows at peak through the 40 ASHB, the farm features numerous support sheds, with two x 3 bedroom homes plus a three bedroom cottage. Current consent is for 650 cows and this is being renewed during the 22/23 season. Pasture and fertility levels are very well maintained and the farm is well sheltered. Effective area is assessed at approximately 225 ha with the balance being attractive bush blocks.

The vendors very good herd and young stock are available for sale by negotiation, as is the major items of farm plant.

For Sale By Negotiation + GST (if any) Web pb.co.nz/IR108184

Rex Kane M 027 481 5608 E rex.kane@pb.co.nz

Brett Lucas M 027 435 1361 E brett.lucas@pb.co.nz

Southland

185 ha - Established dairy unit, milking 500 cows

This 185.29 ha property is located on a good balance of soils in an established dairying location.

Originally converted by the current owners in 2000, the effluent storage pond and sludge beds were built in 2016 and the current consent for 590 cows expires 31st May 2032. The shape and layout is excellent with a 40 ASHB cowshed with new Hecton feed system installed this year.

Good standard of accommodation and farm buildings including an exceptional storage workshop and hay barns. Production 2022/23 - target 212,000 kgMS.

For Sale $7,450,000 + GST (if any) Web pb.co.nz/IR112136

Dallas Lucas M 027 432 5774 E dallas.lucas@pb.co.nz

Michelle Lucas M 027 564 0737 E michelle.lucas@pb.co.nz

Mabel Bush 84 Hanning Road

Southland

Kennington 385 East Road

25 ha - Gracious homestead and lifestyle opportunity

This is a beautiful 25.196 ha property with many desirable features. The close proximity to Invercargill and access to major highways makes it a convenient location for those who want to enjoy a rural setting while still having access to city amenities. The well maintained gardens and trees provide a lovely outdoor environment, while the subdivided paddocks and water system make it well suited for farming or other agricultural activities.

Extensive range of buildings with facilities to handle horses, sheep, deer and cattle. The vendor is approaching retirement and the property is conservatively farmed for provision of supplement coupled with a reduced number of ewes and fattening store lambs for the spring market. Overall, this is a fantastic opportunity for someone looking for a spacious and well-appointed home with room to grow and develop.

For Sale $1,925,000 + GST (if any) Web pb.co.nz/IR109216

E dallas.lucas@pb.co.nz

Michelle Lucas M 027 564 0737

E michelle.lucas@pb.co.nz

Dallas Lucas M 027 432 5774

Southland

Glenham 548 Mitchell Road

214 ha - Outstanding Glenham dairy grazing property

Featuring a great balance of easy to medium hill, our vendors are ready to offer their pride and joy for genuine sale. The 214 ha property is a specialized dairy grazing, wintering and supplement farm running calves through to first calving heifers. This farm has undergone significant improvement in recent times which is a real credit to our vendors.

Fertility is first class; the property is fenced to make management and environmental compliance so much easier and the improvements are to an excellent standard. There is a high quality all weather lane right to the back of the property, with reticulated water to each paddock and good shelter. Featuring a fully renovated four bedroom family home, numerous farm sheds and cattle yards, this farm is exceptionally well set up. With a good dairy grazing and wintering history over the reference period, the sale of this farm represents an excellent opportunity to secure your support land at a very reasonable cost.

For Sale By Negotiation + GST (if any) Web pb.co.nz/IR103356

Brett Lucas M 027 435 1361 E brett.lucas@pb.co.nz

Southland

Thornbury 1838 and 1970 Riverton Wallacetown Highway

208 ha - First time for sale in over 150 years

This established and well presented 208 ha dairy property is located in Thornbury with extensive frontage to Riverton Wallacetown Highway and the Aparima River. In addition to the aesthetic appeal of the property the alluvial and silt loam soils are a real strength along with the centralised dairy shed.

The farms presentation is a credit to the sharemilkers and owners with the lanes in excellent condition, pastures and fertility are very good and the fencing is to a high standard. Buildings comprise a tidy 42 ASHB cowshed with auto drafting and VariVac system, very good effluent system consented for 550 cows (until 2031) plus ample calf sheds and implement cover. In addition to the main family home of four bedrooms and the three bedroom cottage, a third home in Riverton is available by separate negotiation. Inspection is recommended for those looking for scale with production upside with fishing and white baiting on your doorstep.

For Sale $7,500,000 + GST (if any)

Web pb.co.nz/IR110169

Wayne Clarke

M 027 432 5768

John Hay

M 027 435 0138

E wayne.clarke@pb.co.nz

E john.hay@pb.co.nz

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When you work with us, while you’ll still have a lead sales consultant, you’re guaranteed to have a true team of equally committed sales consultants, marketing experts and support staff working for you, right across the country. We put your interests first, to get you and your property the best result.

For over three decades, we’ve been contributing to the prosperity and well-being of the provincial communities that we call home. Our heartland connection means we have the insights to bring the right people together to get you the most value for your property.

Looking to buy, sell, invest or have your property managed? Call us on 0800 367 5263 or go to pb.co.nz