Bay View, Napier City

An exceptional horticultural investment offering scale, security, and solid returns.This 11.77 hectare property is underpinned by a long-term CPI adjusted lease that is in place for another 10 years through to 2036 with the current lessee, delivering reliable and resilient investment returns. The land supports an established, industry-leading berry production business with proven markets and consistent demand.The seaside location creates a unique microclimate ideal for this type of horticultural business. The berry production, enables a long season with high volumes and quality of fruit that is harvested from early spring through to late autumn. Current production includes strawberries, raspberries, and blackberries, optimising seasonal yield and income.Key infrastructure includes extensive water security, featuring a large council water consent, along with connected access to a bore with an easement from the adjoining block with a large 3,700m³ per week consent. Water storage facilities are in place for additional water security with 2 x 500,000 litre reservoirs. The majority of the property is covered by tunnel growing houses and supported by an extensive internal track network for efficient management and harvesting. A substantial shed provides workshop, storage, and an advanced fertigation system fully reticulated to the growing houses. A separate implement shed is well located for machinery storage.Strategically located with excellent access, the property enjoys seamless connectivity to the expressway, with Napier Airport and Napier CBD just a short drive away.An option exists to purchase the adjoining lifestyle property which includes a substantial four bedroom homestead, a modern three bedroom cottage, large shedding, all set on a separate 5.3ha title offering further upside and the chance to secure a growing investment footprint.A rare opportunity to acquire a high-performing horticultural asset in a premium coastal growing region that represents a great landhold with good returns.Enquiries over $1,900,000 (plus GST if any)