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Fernhill

1747 Korokipo Road, Fernhill, Hastings

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10.94 ha Land area SQM
1,860sqm Floor area
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Unbeatable Hawke's Bay investment with lifestyle


• 10.9ha of quality Hawke's Bay productive soils
• $123,364 net plus GST rental income from two strong tenants
• Ideally located between the Napier and Hastings
• Multiple potential sites to build a family lifestyle home

Perfectly located between the cities, this iconic Hawke's Bay rural property is now available for purchase. An exciting rural lifestyle and income opportunity is obvious here, 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 lease income of $123,364 plus GST with in-built rental growth. A recent significant capital investment by the tenant in the brand new 1,000sqm (approximately) warehouse and export-approved canning facility provides additional investment opportunity for the purchaser.

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.

Auction
(unless sold prior)

Valour House, 180 Dalton Street, Napier

11
Apr

Time3pm
Calander
Calendar
Kerry Geange

Kerry Geange

Commercial Sales

Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Jodie Woodfield

Jodie Woodfield

Industrial, Commercial and Retail Sales and Leasing

Eastern Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Tim Wynne-Lewis

Tim Wynne-Lewis

Lifestyle and Country Sales

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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