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Listing Description
Listed: Wed, 15 Oct
At $43,000/ha The Figures Speak for Themselves
215a Wairio Road, Featherston, South Wairarapa, Wellington
Asking price $13,750,000
Details
| Attribute | Value |
|---|---|
| Property use | Dairy |
| Capital value (CV) | $12,720,000 |
| Agency reference | RX4753169 |
Description
This well-developed 320ha dairy unit has a modern 60-bale fully equipped rotary shed (ACR, milk meters, Protrac), 400 cow feed pad, calf rearing sheds, three staff houses and an owners accommodation. There are 3 pivots covering 195ha and effluent sprinklers over a further 65ha. The farm has excellent irrigation RC’s - a 72l/s river take and a 40l/s category C bore that allows 80l/s if the river take is restricted. The effluent RC has been renewed. The productive fertile soils have had $900k spent on drainage. Milking approx. 800 cows the farm has a sweet spot of around 400,000kgMS(450-520kgMS/cow). The historical EBIT is impressive, additionally, a 213ha leased support block may be available. Options exist to split the farm into a 152ha bare land irrigated finishing / support / run off and the dairy farm infrastructure on 168ha. At this buy in price and 7 figure EBIT level this property presents a compelling investment opportunity.
Priced at $13,750,000 (+GST, if any)
Open home times
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Blair Stevens
NZR Real Estate Limited, (Licensed: REAA 2008) 
Property Partner
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