Listing Reference #5081 . Listed: 03 Mar 2026
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10 hectare leased orchard I am looking to sell. On state Highway 50 near Napier golf course.
Outstanding lease is to 2030, with a further 5 year option to 2035. The option is at Taylor's Apples discretion not a joint agreement. I missed that point when signing the original lease.
The land has full Water Rights with Hastings council, and to note minimal wind damage during cyclone Gabriel.
2022 bare land value 1,850,000, new assessment due August this year.
Annual lease return is 41,000 + GST.
I would be prepared to sell around 1,400,000 with the 41,000 being a 3% annual return. And 32% reduction on the 2022 bare land valuation.
Market investors report by LOGANSTONE 2025, I can send a copy and the lease agreement interested parties.
Power and telephone are connected.
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Primary School Taradale 4 kms
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Secondary School Taradale 4 kms
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Main Centre Napier 14 kms
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Railway Station Napier 14 kms
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Fertiliser Works Crossroads 4 kms
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Port Napier 14 kms
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Golf Course Waiohiki 1 kms
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Restaurant Ormlie Lodge 1 kms.
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