153 King Rd

Off Market

153 King Rd

Meeanee Hawke's Bay

7.89 ha.

Rural

Tony Rasmussen, last sold this property on 11 July 2024 after 23 days on market.

Overview

Rebuild on 7.9 hectares with passive income

This 7.9 hectare orchard and lifestyle property is conveniently located near Meeanee, 19 kilometres northeast of Hastings and 11 kilometres south of Napier. The property includes approximately 6.5 hectares of apple orchard which is leased for 15 years at $50,000 per annum plus rates paid, providing a healthy cash return. An irrigation consent is in place through to May 2027 and with excellent soils this is a fantastic investment opportunity. The home was removed following Cyclone Gabrielle when flood waters backed up from the Awatoto region, there is now a cleared flat house site ready to build on. This could provide a blank canvas for those wanting to live the rural life, or for discerning investors looking for additional rental income from a new or transportable dwelling. Other buildings include a very good lockable two bay shed and workshop with a concrete floor, a two bay lockable implement shed and a pump shed beside the cleared house building site. Being Category 1 there is a great opportunity to enjoy a reliable income stream from the well-established orchard lease but also offers the option to rebuild or relocate a new dwelling to this site in order to fully enjoy the secluded lifestyle location, or to boost rental income further. Don’t miss the opportunity to invest in this property with a great passive income. View Sunday 2-2.30pm 16, 23, 30 June and 7 July or by appointment.

Features

7.89 ha. lot size

Rural

Estimated Value

We need at least 3 similar rurals sold in Meeanee over the last 12 months.

Property history for 153 King Rd

2024

Sold

11 Jul 2024 by Tony Rasmussen, of Bayleys Havelock North

Happy sellers in Meeanee

92%

92% of sellers in Meeanee reported that their sale price either exceeded or met their price expectations.

Meeanee stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Meeanee over the last 12 months.

Local market activity for rurals in Meeanee

In the last 12 months, 3 rurals similar to 153 King Rd, have been sold.

This represents a 200% decrease in rurals sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Meeanee for a free market appraisal.

Vaughan Wilson

at New Zealand Sotheby’s International Realty – Taradale

(120 reviews)

Get a free market appraisal

Janine Evans

at Harcourts Taradale (Regent Realty Ltd)

(15 reviews)

Get a free market appraisal

Mike King

at Tremains Taradale Hawkes Bay

(8 reviews)

Get a free market appraisal

Neal Andersen

at New Zealand Sotheby’s International Realty – Napier

(32 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Meeanee

Vaughan Wilson

Sellers who recommend Vaughan Wilson have praised them for being local expert, clear communication, supportive, reliable, friendly, responsive and honest