For the purpose of this transaction, the vendor is GST registered and the purchase price is plus GST (if any).
OCR cuts, cheaper borrowing, and a vendor selling under valuation. Where better to invest?
Tegel Foods Limited is one of New Zealand's largest and most prominent food producers, producing the most consumed meat in New Zealand. Attracting smart investors and land bankers is this exceptional passive poultry investment with the balance of a 10-year lease to Tegel Foods Limited, with an income of $667,416 + GST p.a. The tenant is responsible for outgoings, including feed, labour, and management of the business. As the property owner, you get to sit back, relax and reap the rewards.
The leased area consists of approximately 3 hectares of land, associated amenity buildings, and five sheds with a total production area of over 6,800m² (approx.), along with the scope for future expansion with a resource consent granted for a further three sheds, being an additional 5,400m² (approx.), which could add to your nest egg. The property is situated on 9.27 hectares (22.9 acres) of gently contoured land.
The balance of the land, along with a spacious Lockwood-style home and a substantial 242m² high-stud shed with accommodation facilities, are not part of the lease and therefore provides the opportunity to generate an additional healthy income or provide a comfortable lifestyle living home and income.
The Lockwood-style home brings a combination of comfort and warmth throughout the timber interior, alongside large windows with light streaming in. There are four bedrooms, an office, two bathrooms, and a roomy separate lounge, which has a rental appraisal for up to $750 per week. The addition of the rent from this house could provide further income potential of approximately $39,000 p.a., plus additional possibilities for the lease of the implement shed. Not only will this property give you an opportunity to landbank on the outskirts of Pukekohe, but also generate a healthy return at the same time. Strategically located south of Auckland and 5km from motorway access, this is an ideal location for a parent stock rearing farm for Tegel Foods Limited.
Having been in the family for several years, the retired vendor has made the decision to sell. Excellent opportunity for investors to acquire a substantial agribusiness enterprise in an industry with a reputation for regular and consistent income and high returns on investment.
See this listing on Barfoot & Thompson
