STUNNING WAITAKI LIFESTYLE INVESTMENT

Racecourse Road, North Otago

Rural/Lifestyle For Sale

For Sale    Tenanted Investment
Land Area: 25.18 Hectares.    

Description

On offer is a prominent 25.1796 ha hillside property situated in the Waitaki Valley close to Duntroon, which provides a selection of excellent building sites with extensive river valley and mountain views. On the lower slopes, 7.8 hectares is planted in pinot noir and pinot gris and operated for production of award winning wines.

The vendors propose to lease the vineyard and two frost fans back from the purchaser for an initial 5 year term (plus renewals) and are offering a net rental return of $5,400 + GST per hectare.

This is a unique opportunity for an investor to purchase a spectacular property and to secure a stake in North Otago’s expanding viticulture sector, offering an attractive investment return contractually secured for at least the next five years.

This proposition is ideal for either absentee investors or someone looking for a pleasant rural lifestyle on a prominent property with stunning views and substantial income.

Asking price: $920,000 + GST (if any).

For further information on this unique opportunity contact Mike Laven on 021 681 272.

Features

  • Rental income of $42,120 + GST per annum
  • Five year lease plus renewals
  • Stunning views

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