CURRENT RENTAL INCOME – FUTURE POTENTIAL OPTIONS
For the purpose of this transaction the vendor is GST Registered and the Purchase Price Plus GST (if any).
Complete with wide water views overlooking the junction of the Whangamarino and Maramarua Rivers and wetlands, this elevated 20.23 hectare property (50.57 acres) zoned rural is currently rented for $1700 per week and growing vegetable crops including courgettes and spinach. There is also an option for the current Vendor to rent a 60 square meter (approx) storage shed for $200 per week, potentially increasing the rental income to $1,900 per week, or $98,800 annually.
The property spans both sides of a picturesque road and enjoys wonderful panoramic views. It is also conveniently located close to a boat ramp offering excellent fishing, boating, kayaking, and duck shooting. The property also presents potential for a camping site, eco-village, or community projects. It could serve as a tranquil retirement haven, holiday retreat or a. holiday home with income the options are endless. (Council consent may be required. Interested parties should make their own enquiries and obtain independent advice).
The home was constructed in 2000 (CCC date) of Hardiplank cladding with a colour steel roof and aluminium joinery. Open plan family living comprising a spacious lounge with heat pump plus wood fire and sliding doors opening onto a scenic deck which wraps around the living quarters. Adjoining dining and light, bright kitchen with abundant bench space and electric appliances. A hallway with heat pump leads to four spacious bedrooms with built in wardrobes, including the master with sliding doors to enjoy the far-reaching views. There is also a bathroom, separate toilet, laundry with storage and outdoor access, a double lock-up garage, and a double carport.
Outbuildings are numerous here and include a 3 door shed with open bay barn, power, concrete floor, and three multi-use rooms, plus a bathroom accessed via a large screened porch. There are also several cabins offering a variety of uses, plus cattle yards and four water tanks. It will ideally suit those requiring expansive space, large sheds, storage, and workshops, and will reward the TLC it receives with handsome returns. Inspect and discover!
• 20.23ha scenic river side property
• Whangamarino River & Maramarua Rivers junction
• Potential for a camping site, eco-village, retreat center, or community projects (Council consent may be required)
• Zoned rural & currently rented for $1700 pw
• Plus a potential $200 pw from storage shed rental
• Open plan lounge/heat pump & wood fire
• Sliding doors out to picturesque wrap around deck
• Sun-lit dining & floor-tiled kitchen/ Hallway with heat pump
• Bathroom/bath & shower + Separate toilet
• 4 spacious bedrooms/master + sliding doors to patio
• Laundry with storage & outdoor access. Linen press
• Entry at end of hallway into lock up garage
• Numerous outbuildings including 3 cabins & garaging
• 3 door shed with open bay barn, power & concrete flooring
• Shed with 3 multi-use rooms & bathroom currently used as accommodation
• Expansive adjoining double carport. Cattle yards, 4 water tanks
• Near boat ramp, excellent fishing, boating, kayaking.
• Zoned for Te Kauwhata College
• Close to Meremere & Te Paina Primary School
• 3.3kms to Meremere Village & 10kms to Pokeno Township
