153 King Road, Meeanee, Napier

Rebuild on 7.9 hectares with passive income

This 7.9 hectare orchard and lifestyle property is conveniently located near Meeanee, 19 kilometres northeast of Hastings and 11 kilometres south of Napier.
The property includes approximately 6.5 hectares of apple orchard which is leased for 15 years at $50,000 per annum plus rates paid, providing a healthy cash return.
An irrigation consent is in place through to May 2027 and with excellent soils this is a fantastic investment opportunity.
The home was removed following Cyclone Gabrielle when flood waters backed up from the Awatoto region, there is now a cleared flat house site ready to build on. This could provide a blank canvas for those wanting to live the rural life, or for discerning investors looking for additional rental income from a new or transportable dwelling.
Other buildings include a very good lockable two bay shed and workshop with a concrete floor, a two bay lockable implement shed and a pump shed beside the cleared house building site.
Being Category 1 there is a great opportunity to enjoy a reliable income stream from the well-established orchard lease but also offers the option to rebuild or relocate a new dwelling to this site in order to fully enjoy the secluded lifestyle location, or to boost rental income further.
Don't miss the opportunity to invest in this property with a great passive income.
View Sunday 2-2.30pm 16, 23, 30 June and 7 July or by appointment.