Income Generating Property
Note: Asking Price is Plus GST (if any)Asking Price is Plus GST (if any)
178 Batty Road, Karaka, is a 10-minute drive to the motorway interchange at Papakura and Drury, with Pukekohe and services nearby. It takes around 38 mins to Auckland CBD in normal traffic, with Hamilton being around an hour's drive. The property has been developed with a good-sized home, a business building, and a well-established mandarin orchard with 2,200 Satsuma mandarin trees.
Approx. 300 m2 of the house has 6 x bedrooms, 4 x bathrooms, a kitchen, dining, living room, two laundries, a two-car garage and a unique garden surrounding the house. Also, there's a 200 m2 business building with a workshop, office, two flexible rooms, bathroom, and kitchen with built-in oven/gas cooktop, refrigerator, washing M/C and benchtop/cabinetry. The rental income appraisal for the house and workshop is $105,000 annually.
1,700 Satsuma trees have matured in the past 6 years, while the remaining 500 have matured in the last 4 years. The initial harvest of Satsuma mandarin was partly achieved in May/July 2023 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 approx. 100 kg on average when 10 years grown or more. This would be worth an estimated $600,000 in gross earnings per annum based on a farm-gate price of $3 per kg. The maintenance of these trees is relatively simple, easy, and inexpensive compared to others once they are grown for more than 5 years.
The property comprises 9 ha of farmland with Satsuma mandarin orchards, additional farmland, and improvements, and 6.5 ha of conservation covenant with native bush with picturesque scenery of nature. Sufficient bore water is available for the house, building and farmland.
See property documents for this property on barfoot.co.nz. Click the "View their website" link at the bottom of this page.
Listed Mon, 25 Mar
