INCOME-GENERATING LIFESTYLE PROPERTY
Buyer Price Guide: Mid $4 million + plus GST (if any)
178 Batty Road is located 10 minutes' drive to the motorway interchange at Papakura and Drury, with Pukekohe and services close by. It takes around 37 mins to CBD in normal traffic, and Hamilton is around an hour's drive.
The property has been developed with a good size home, workshop, and well-established Mandarin orchard with 2,300 Satsuma trees, the first harvesting of Satsuma mandarin will be partly starting from May/June 2022, Satsuma has become very popular as it is flavoursome and very easy to peel.
To put an idea forward - potential annual production from each Mandarin tree would be approximately 80 kg per tree average when they are fully matured then total production from 2,000 trees would be 160,000 kg average per annum.
Based on the farm-gate current price of $3.5 (per kg) then this would come up $560,000 in total gross earnings per year when they are fully matured.
There is an existing tenant for the house and workshop for family and business operation at the rental of $101,650 per annum. The house and the workshop could be vacant for a new buyer by end of September 2022, however, the existing tenant is very keen to continue the lease of the house and workshop for some more years if possible.
The 15.6 ha area consists of approximately 9.6 ha of farmland with valuable improvements and approximately 6 ha of Native Bush with picturesque scenery.
The house is set up with 6 x bedrooms, 4 x bathrooms, kitchen, dining, living room, 2 x laundries, a two-car garage and a unique garden surround the house.
The 200m2 building with large workshop, office, bathroom, and a flexible room built-in oven/gas cooktop, refrigerator, washing M/C and bench-top/cabinetry is very useful.
The improvement includes 150 mm thick concrete driveway with the stone and steel gate, power, water bore and pump system with 2 x 25,000-litre water tanks etc.