There is a new horticultural opportunity available in Katikati in the Bay of Plenty region. A plot of 40.47 hectares is becoming available, as the vendors (who owned this property since 1993) are now looking to downsize their operations.
Current operators within the kiwifruit and avocado sector, retiring or current farmers and investors should express their interest. The property will appeal to purchasers looking for a production block with a good consistent income, a healthy estimated crop for next year, additional income through rent and the opportunity to add value over time.
The property has been well-developed and presents clear evidence of overall good management practices.
The vendor is open to flexible offers including delayed settlement and offers technical assistance to transfer orchard practices to the new owners and help with a smooth transition of ownership.
Positioned in the Katikati area at 46 to 85 MASL (approx.), purchasers can either manage their own orchard or make use of the well-established infrastructure in the area and engage contract orchard management services and consultants. The bulk of the value of this orchard is in the 5.82can ha of G3 Kiwifruit and 13.51 can ha of Hayward Green Kiwifruit.
According to the article on nzherald.co.nz¸ there are approximately 400 mature avocado trees on 2.92ha (approx). The majority of trees are Hass on Zutano rootstock.