NZR Real Estate Limited - Wairarapa

NZR (short for NZR Real Estate) was formed in 2014 by Blair Stevens, Peter and Nicola Barnett and Jamie Proude, with 90 years of combined experience in the real estate, stock and station, and rural banking industries between them. Having worked together in corporate styled real estate companies for many years, it became clear that like most service industries, technology was changing real estate - enabling smarter marketing, to wider audiences with less reliance on bricks, mortar and print media. Using this technology enables them to place clients’ properties in front of the same buyer audience (and often wider) as other companies. Having also seen a significant trend across the country, of top performing real estate professionals moving away from “big brands” to their own, they felt the time was right to back their abilities and start their own business – we have just ticked over 6 years of very successful business. NZR Real Estate Limited operates in the Wairarapa & Tararua region.

Real Estate Agents

NZR Real Estate Limited - Wairarapa
Blair Stevens
Dave Hutchison
NZR Real Estate Limited - Wairarapa
21A Westwood Avenue
Greytown 5712
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Listing #:
RX3122109
Listed:
743 days ago

Negotiation

It's Time to Buy - The Figures Speak For Themselves!

215a Wairio Road, Featherston, Wairarapa
Dairy Farm
landarea
319.7 Hectares Land Area
About this property
Good soil and water gives astute buyers options - intensive cropping, stock finishing, dairy support or as its current use - a well developed 300ha platform dairy unit - supported by a
huge set of improvements being three houses, owners flat, a modern 60-bale fully equipped rotary shed, feed pad and significant sheds. Under sound management, the farm consistently produces around 420,000kgMS at 500kgMS per cow. The historical EBIT has been very impressive - and this should only improve as the industry looks to be at the start of a golden period (Financial details available). Additionally, a 198ha leased support block is available, adding further scope to your investment. Irrigated bare land has been selling for around $40,000/ha in the Wairarapa- just look at the infrastructure on this property that is effectively "thrown in". Options exist to split the farm into a 152 ha bare land irrigated finishing / support / run off and the dairy farm infrastructure on 168ha.

At this buy in price and 7 figure EBIT level this property presents a compelling investment opportunity.
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