Income-Generating Lifestyle Property
Asking Price is Plus GST (if any)
178 Batty Road, Karaka, is located only 10 minutes drive to the motorway interchange at Papakura and Drury, with Pukekohe and services close by. It takes around 38 mins to Auckland CBD in normal traffic, with Hamilton being around an hours drive. The property has been developed with a good-sized home, a workshop, and a well-established mandarin orchard with 2,300 Satsuma mandarin trees.
1,700 Satsuma trees have matured in the past five years, while the remaining 600 have matured in the last three years. The initial harvest of Satsuma mandarin was partly achieved in May/July 2022 with a satisfactory result.
Satsuma mandarins have recently become very popular due to their flavoursome taste and ease of peeling.
The potential annual production from each Mandarin tree would be approximately 100 kg or more on average when they fully mature. As a rough guide, the total production from 2,000 trees would be around 200,000 kg per annum. With the recent farm-gate price maintained around $3.50 per kg, this would be worth an estimated $700,000 in total gross earnings per annum. The maintenance of these trees is relatively simple, easy, and inexpensive compared to other crops or fruit trees once they are matured.
The property comprises 9.5 ha of farmland with Satsuma mandarin orchards and substantial improvements, and 6.1 ha of the land area has a conservation covenant with native bush with picturesque scenery of nature. Sufficient bore water available for the property.
The house is set up with 6 x bedrooms, 4 x bathrooms, a kitchen, dining, living room, 2x laundries, a two-car garage and a unique garden surrounding the house.
In addition, there's a 200m2 building with a good size workshop, office, two flexible rooms, bathroom, and kitchen with built-in oven/gas cooktop, refrigerator, washing M/C and benchtop/cabinetry.
See property documents for this property on barfoot.co.nz. Click the "View their website" link at the bottom of this page.
Listed Thu, 15 Jun