Diversion Road, Swannanoa, Waimakariri, Canterbury

Seize the opportunity to own 76 hectares of prime irrigated Canterbury land. This exceptional block, under a 21-year perpetual ECan lease, is subdivided into 11 paddocks ranging from 5.78ha to 8.0ha. Predominantly planted in Lucerne after extensive crop rotations to eliminate weeds, this land is ready for you to benefit from the vendor's meticulous care and foresight. Fertiliser was applied in September 2022 to 73.4 hectares, costing between $740 and $825 per hectare. Soil test results and fertiliser mixes are available. The property features predominantly deer netting fencing, a central lane, and cattle yards. Irrigation is provided by two travelling gun irrigators, with one available for sale. Additionally, 6.5ha is subleased to Road Metals, who have constructed a road for gravel extraction from the nearby Waimakariri River. The annual rental is $19,850 plus GST, payable six months in advance. The current lease expires on April 1, 2036, with a renewal option for another 21 years. Act now to secure this prime piece of land and start reaping the rewards!

Plus GST (if any)