Fernhill
1747 Korokipo Road, Fernhill, Hastings
+21
Hawke's Bay lifestyle with income
• $123,364 rental income from two strong tenants
• 10.9ha of Hawke's Bay productive soils with CV $3.19m (July 2023)
• Exceptional lifestyle opportunity - bring your builder!
An exciting rural lifestyle and income opportunity combining the best of Hawke's Bay - productive land, views, upgraded plant and an A-grade tenant.
Award winning beverages company, primary tenant Zeffer Brewing Limited, continue their growth around the world, and have co-invested even further in this exceptional productive package in their production, packing and warehousing on-site.
Current rental of $123,364 plus GST and in-built rental growth. A recent capital investment by the tenant in the new 1,000sqm (approximately) warehouse provides additional investment opportunity for the purchaser (currently tenant-owned).
The production orchard providing apple and nectarine varieties is leased to an experienced local grower, with options available to the purchaser.
Bring your plans and pick your house site, or keep collecting the income - the choice is yours.
An investment and lifestyle in New Zealand's fruit bowl you will be proud to own.
Kerry Geange
Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Jodie Woodfield
Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Tim Wynne-Lewis
Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
Perfectly located with a short drive from both Napier and Hastings
Floor area details
Total floor area 1,800sqm, including a recently constructed 1,000sqm tenant-owned warehouse
Occupancy
Two strong tenants
Passing income
Passing net rental of $123,364 + GST pa
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Property files
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