566 Pourerere Road

Otane Hawke's Bay

216 ha.

Rural

Currently for sale - view listing

Overview

216ha —Farm It, Grow It, or Invest in it

Several exciting options are on offer with this versatile Hawke’s Bay farming opportunity. Buyers can purchase the 216.44ha outright, continue the current operation, and take it to the next level through newly secured irrigation potential, ideal for those wanting a high-performance finishing unit to complement a larger breeding operation. Alternatively, if you are seeking an equity partner or syndicate structure, the current owner is open to remaining actively involved in running the farm and retaining a minority share. This creates a rare, low-risk entry point for non-local buyers or investors wanting exposure to productive land with experienced management already in place. A prepared investment memorandum is available on request outlining an opportunity to invest in an entity that will acquire a well-located, highly versatile property suited to both intensive pastoral farming and horticulture, alongside a proven beef finishing business. The farm is currently operating as an intensive cattle finishing unit and has recently secured a new HBRC resource consent for irrigation, significantly enhancing its future land-use options—including the potential for large-scale horticulture development. Investors have the opportunity to land bank the property while continuing with a profitable cattle finishing enterprise, capitalising on ongoing growth in the horticultural sector, or progressively transitioning into higher-value horticultural production over time. Demand for horticulture development in Hawke’s Bay—outside the traditional Heretaunga Plains—is increasing, particularly as HBRC moves to reduce consented irrigation volumes on the Plains. Combined with lower land costs in this region, the property offers a compelling point of difference for forward-thinking investors. Comprising 216 hectares, with 128 hectares well suited to horticultural use, the farm is positioned just 30 km south of the Heretaunga Plains, east of Waipawa—placing it in the heart of one of New Zealand’s most dynamic primary production regions. Located 55km from the Napier port, this intensive bull beef finishing farm has undergone significant redevelopment since it was purchased in 2021. A new set of cattle yards, solar powered pumps feeding a reticulated water system with a Dosatron installed for added minerals, all weather tracks are maintained by the farms own red metal pit. This is a strategic, scalable, and future-focused rural investment with multiple pathways—operational, developmental, and partnership-based—tailored for a wide range of buyers.