WWHY STRATEGY AND RELATIONSHIPS ARE IMPORTANT
elcome to the Spring 2024 edition of PGG Wrightson Real Estate’s Property Express, the company’s leading publication and listings forum for rural real estate. In this issue numerous remarkable farmers nationwide have engaged the PGG Wrightson Real Estate team to seek potential purchasers for their properties.
It is no secret that many in primary production have done it tough in recent months. Farm sales underscore this. By both quantity and value, statistics for transactions of virtually all classes of rural property have declined, a trend that has been in process for several months at least.
However, also widely reported are indicators that suggest the cycle is turning: interest rates appear to have peaked, and at least some commodity prices are rising.
During the winter Fonterra announced an opening 2024/25 season forecast Farmgate Milk Price with a midpoint of $8 per kilogram of milk solids, approximately 25 per cent above where it was 12 months earlier. Zespri has released its first full forecast for the 2024/25 season, predicting per hectare returns for all categories will be up compared to last season.
These are encouraging signals from two of New Zealand’s most important exporters. While as a whole farmers will remain cautious until these forecasts are borne out, a few have responded with optimism. In the past couple of years, while the market has been constrained, those who would otherwise have come forward to sell so as to achieve family succession or retirement goals have instead held back. They are now motivated to proceed. With a relatively small buyer pool, and since the mild winter has intensified the aesthetic appeal of their properties, some have gone to the spring market early.
There is no point denying that values have dropped from
the peaks they were at in 2021. So long as purchasers and vendors can agree on where prices are now, the market will start to move again. As outlined elsewhere in this issue of Property Express, that movement is likely to gain momentum in the coming months.
For each individual in the market, reaching agreement on value is one part of the process of a sale, while selling the property is just one of the steps that will take you from where you are to where you want to be.
If you are contemplating making such a move, particularly in a rural property market poised to change in direction, you need a plan that takes you from A to B. You also need the right relationships with capable, experienced and objective people committed to helping you execute your plan.
That’s where a local PGG Wrightson Real Estate salesperson is your ally: to assess your options around transacting a farm, orchard, or any other rural property, and to assist you in achieving the best outcome. Our nationwide network of skilled and professional salespeople is available to assist. We are fully in step with those who do business on the land, putting many layers of local expertise, broad knowledge of the market, and networks built over decades at your disposal.
We look forward to assisting you to achieve your rural property objectives
PETER NEWBOLD General Manager PGG Wrightson Real Estate Limited
PETER NEWBOLD TALKS TO US ABOUT...
HELPING GROW THE COUNTRY
PGG Wrightson Real Estate Limited is a nationwide real estate company assisting clients throughout the country and across the globe to buy and sell New Zealand property. We are a national network of experienced, local real estate agents who have been connecting people with property across the country, for generations.
We have over 150 salespeople located in PGG Wrightson regional centres, retail stores and standalone offices around the country. Supported by 21 industry qualified managers and over 55 specialist administration staff, we work together with our clients to exceed their best outcome.
As an organisation, our mission is to help grow the country – helping farmers and growers to become successful. Ultimately, our ability to do this comes down to the products and services that we provide and, in particular, the capability and integrity of our people. While we are a big company, we value the importance of the local touch and encourage our people to bring fresh thinking to “go the extra mile” to help our clients succeed.
A NETWORK THAT REALLY WORKS
When you deal with us you are dealing with one company and one team, not a group of franchised operators and offices. This means you get access to our national network, with salespeople covering the entire country, who really do work together to achieve the best possible outcome for you.
AN OUTSTANDING BRAND
The PGG Wrightson Real Estate brand stands out from all the others – signifying trust, integrity and remarkable results.
SPECIALIST KNOWLEDGE AND WORLD-CLASS SERVICE
Our experienced, specialist staff will go out of their way to ensure your property objectives are met, delivering the very best service for your entire real estate experience, whether your property choice is urban, lifestyle or rural.
PEOPLE FOCUSED
Our clients and our staff mean everything to us. This is our company’s hallmark and we are proud of it. Our clients are the core, the heart of our business, and the very reason for our success. Our staff are among the best and most accomplished in the real estate industry. Together, they have made us who we are today and we recognise their importance in every aspect of our business.
UNBEATABLE TRACK RECORD
We aim to be the best in what we do and we have been focused on achieving this since our business was founded more than 170 years ago. Added to this is a genuine desire to make the process of buying and selling property an exciting and seamless experience for everyone.
WE LIVE HERE TOO
For specialist knowledge on buying and selling rural, lifestyle and residential real estate throughout New Zealand, contact your local branch.
LOWER NORTH ISLAND
NORTH ISLAND
Cambridge 07 823 0647
Dargaville 09 439 3342
Dannevirke 06 374 4407
Feilding 06 323 0076
Hamilton 07 858 5338
Hastings 06 878 3156
Kaitaia 09 408 6130
Katikati 07 571 5795
Kerikeri 09 407 4832
Levin 06 367 0836
Masterton 06 378 2500
Matamata 07 889 0171
Morrinsville 07 889 0171
Pukekohe 09 237 2014
Taihape 06 323 0076
Te Puna, Tauranga 07 571 5795
Te Awamutu 07 858 5338
Te Kuiti 07 858 5338
Te Puke 07 573 0243
Waihi 07 863 6589
Waipukurau 06 858 6073
Wairoa 06 838 8059
Whakatane 07 349 5486
Whangarei 09 470 2522
Wellsford 09 423 9712
SOUTH ISLAND
Alexandra 03 440 2395
Amberley 03 313 0613
Ashburton 03 308 6173
Balclutha 03 470 0317
Blenheim 03 579 3703
Christchurch 03 341 4338
Cromwell 03 445 3735
Culverden 03 313 0610
Darfield 03 341 4301
Dunedin/Mosgiel 03 470 0317
Fairlie 03 687 7330
Geraldine 03 687 7330
Gore 03 209 0300
Greymouth 03 768 1222
Invercargill 03 211 3130
Kaikoura 03 579 3703
Leeston 03 341 4301
Lincoln 03 341 4301
Nelson 03 543 8592
Oamaru 03 433 1340
Palmerston 03 470 0317
Ranfurly 03 440 2395
Rangiora 03 313 0610
Te Anau 03 249 8611
Temuka 03 687 7330
Timaru 03 688 4084
Waimate 03 687 7330
WEST COAST
SIGNIFICANT SALES
GREAT PROPERTIES, OUTSTANDING RESULTS
The following is a sneak peek into the past few months’ successful sales from around the country. If you are after local knowledge, experience and the best outcome, contact our real estate specialists today to get your property listed and sold!
‘Always explained what was happening, kept us in the loop.’
‘Worked extremely hard to find middle ground and close the
‘Richard and Ben worked hard to get the deal done.’
AUCTIONS
AUCTIONS KEY TO RECOVERY
For an extended period, the rural property market has been subdued. Going back more than three decades, I have never seen the market so inactive for so long. It has been tough. Some vendors have listed farms for sale then withdrawn them due to lack of motivated buyers.
However, along with every other market, this one goes in cycles, and you can be certain that eventually activity, demand and property transactions will start to re-emerge at a much higher rate.
What you can also bank on is that those green shoots will first spring up in the auction room.
Auctions provide an instant gauge of the rural property market, and the best measure we have of a farm’s true value.
When interest rates drop and on-farm profitability returns, the turnaround will follow. As soon as there are two people at an auction, cashed up and ready to go, it will happen. My prediction on timing is that this will occur in late October or early November. When it does, those previously withdrawn listings will come back onto the market, along with others.
Auction will be a key factor in this recovery.
While there is never a ‘wrong’ time to stage an auction, once the market swings back to the positive, auction will come back into its own as the best way to transact rural property, in which case those of us who conduct auctions must prepare for a busy time.
Selling a farm through auction is an efficient, dependable way to bring out the market’s best possible response. An auction creates a clear, transparent competition that encourages purchasers to reach a fair value and settle on an optimum price.
An auction demonstrates that the owner seriously intends to sell. Meanwhile a marketing campaign with an agreed auction date establishes a focus for anyone interested in buying, giving them a deadline to complete feasibility studies and arrange finance.
Auction is a common and centuries-old means of transaction throughout the rural economy, whether in livestock, wool or the standardbred sector. Selling land by auction is a logical extension of a process that farmers know well.
On the day, a farm auction is usually a milestone event in the community, featuring drama, as well as emotion for both vendor and purchaser. Even if they do not intend to buy, neighbours will likely attend. Bidders fight to resolve ownership, using the price they are prepared to pay as the weapon that will win them the farm.
For those selling, an auction’s major advantage is the degree of authority they maintain. While the buyer sets the price, the seller controls the process. If a bidder meets the reserve and the auctioneer’s hammer falls, the sale is unconditional. However, if no bid meets the reserve, the auction will likely have identified other options to progress a sale. At that point, while the two parties remain highly motivated, the auctioneer can bring them together and initiate negotiation, seeking to reach agreement between them on conditions that will enable a sale to proceed.
Due to the rural property market’s recent lacklustre nature, auction has fallen somewhat out of favour. An auction will be where our market’s upswing first becomes evident. Once that happens, for a period at least, the auction room will be the best place to be to understand how far and how fast that recovery will occur.
I look forward to seeing you there.
Sloane Morpeth began his career working for Wright Stephenson, one of the companies that subsequently merged to become PGG Wrightson. Sloane made his mark auctioning livestock in Masterton, before moving into real estate marketing rural property. He has held the role of PGG Wrightson Real Estate specialist North Island auctioneer since 2014.
SLOANE MORPETH North Island Auctioneer 027 489 4667
REGIONAL UPDATE | SEPTEMBER 2024
MARKET SNAPSHOTS NORTH ISLAND
NORTHLAND AND AUCKLAND
An 11.15-hectare Pukekohe property, on the town’s main commercial road, sold for ongoing use as a market garden in the winter, while the autumn listing of a 430-hectare Kerikeri property with unique potential for coastal subdivision gained huge attention. Although the Northland market improved through the winter, spring listings remain below where they would normally be. Based on the increased dairy payout forecast, continued improvement is likely through the rest of spring and summer, though buyers will remain cautious for the foreseeable future, and confidence in sheep and beef farming in the region will take longer to recover. Some Northland rural properties are drawing attention as potential renewable energy assets, with corporate and private investors seeking land to support solar energy generation. Blocks of approximately 60 hectares with easy access to the power network present suitable criteria for solar farming.
WAIKATO AND KING COUNTRY
Across all farming categories the Waikato and King Country rural property market had a subdued winter, with activity well short of the same period in 2023, which in turn was below 2022 levels. Thundercross Valley Dirt Bike Park, an adventure tourism business on a 300-hectare farm 69 kilometres north of Hamilton is one of the region’s notable current listings. Within the next few months, as inflationary pressure eases and interest rates stabilise below where they have been for the past two years, a new market should emerge in the region. Responding to stimulus from recent positive announcements, the dairy sector will likely lead this upswing. Several dairy farms listed for early spring sale near Te Awamutu may set the scene. With other aspiring vendors awaiting a signal from the market, if these farms transact favourably, more listings will likely follow.
BAY OF PLENTY
Heavily influenced by the horticulture sector, while market activity around kiwifruit and avocado orchards remains subdued, rural property in the Bay of Plenty awaits a reboot. As elsewhere, as costs increase the profitability of primary production has been squeezed. Since the past season’s quality issues around kiwifruit were addressed, the market seems to have settled on agreed per canopy hectare values. As the G3 variety is again producing strong returns, a gradual rise in sales activity should follow. However, the avocado sector still faces challenges. Notable Bay of Plenty winter sales include a 106-hectare Rangitaiki Plains dairy farm that sold for $5.75 million; a 242 hectare Pikowai grazing, dairy support and beef finishing property that sold under OIO authorisation to forestry for $4.9 million; and a 149 hectare bareland drystock Omanawa farm that changed hands for $4.783 million.
LOWER NORTH ISLAND
In recent months the rural property market through Taranaki, Whanganui, Wairarapa, Manawatu and Horowhenua has benefited from growing confidence among farmers, with reducing interest rates and increasing commodity prices the critical factors. Plenty of listings are set to come forward through the rest of spring and into the summer, particularly sheep and beef property, providing purchasers with a range of options. Steady activity is likely as buyers and sellers are generally aligned on where values sit, albeit this is at a level lower than where expectations were during the market peak three years ago. Farms coming forward ought to find purchasers, and the market should gradually gain traction during the spring and summer, especially if red meat schedules continue to trend up. With realistic, motivated vendors genuinely prepared to sell, good farms with scale will always command a premium.
HAWKE’S BAY
While lower interest rates and improving returns have given Hawke’s Bay farmers a more positive mindset than last year, so far that has not resulted in increased rural property market activity. On the basis that the buyer pool is limited, and that a mild winter has heightened aesthetic appeal, several vendors are going to the spring market early, though the numbers are not overwhelming, and approximately on par with any other spring. Those with realistic expectations around values should find buyers, and may encourage others onto the market. Winter horticulture sector transactions focused on rationalisation among the industry’s bigger players, including buying orchards to pull out trees for replacement with preferred varieties. Properties have changed hands at values ranging from $140,000 to $175,000 per hectare, excluding homes, or above if the tree varieties are deemed to offer premium appeal.
MAHINEPUA,NORTHLAND
Nature's Masterpiece - Mahinepua Peninsula
Embark on an extraordinary journey to secure your legacy with this rare opportunity to own a 435-hectare coastal property, consisting of 29 titles, (19 of which have riparian boundaries) in the captivating Mahinepua/Tauranga Bay area of the Far North of NZ, which is undeniably one of the top maritime playgrounds in the country.
Developed 50 years ago, this multi titled property has features impossible to replicate under today’s regulations. Beach houses, bare sections, pine forests, native bush, a small vineyard along with grazing land, there is something for all. The possibilities are only limited by your imagination.
ANDREW LUDBROOK
027 254 4784
aludbrook@pggwrightson.co.nz
DENNIS WALLACE
022 312 7704
dennis.wallace@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/KER39220
Video Available
KERIKERI,NORTHLAND
562 Waimate North Road
Quality Home and Fattening Block
This well presented grazing block has a five bedroom, two bathroom brick home, access from two different roads and a four bedroom, modular constructed accommodation block. Centrally raced, well subdivided and fertilised with good contour and some good soils along with a gravity fed water system from a dam. There is also a good set of steel cattleyards with crush and loadout ramp.
An approximately 15ha effective adjacent lease block is also a possibility. This property was once farmed in conjunction with an adjacent dairy farm so is well laid out, raced and watered.
A good block for the money and worthy of inspection.
2 Price by Negotiation Plus GST (if any)
KERIKERI,NORTHLAND
937 B State Highway 10
A Class Act!
The long and short of it is that if you are looking for a well developed and excellently presented grazing unit with all the finest attributes ticked off, then this property is the best about in its class.
Located central to the Bay of Islands, airport, shops and beaches, housing includes one fourbedroom new build, one three-bedroom built in 2022 and one two-bedroom farm cottage.
A four bay workshop/implement shed with attached lean-to, a four bay ½ round barn and a three stand woolshed and an excellent water system round out this complete package.
A rare opportunity to purchase a quality property of good economic size.
aludbrook@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/KER40239
TANGOWAHINE,NORTHLAND
295 and 132 Tangowahine Settlement West Road
Best of Both Worlds!
This property offers a unique opportunity for those seeking a small dairy farm with a support block, all conveniently located not far one another. With an 83 hectare dairy farm with 164 jersey cows producing 45,862kg MS, this farm operates efficiently with low inputs and a focus on grass silage made at the support block of 74 hectares. 15 ASHB shed with own generator, ample sheds for calf rearing, dam water both blocks. Very tidy four bedroom, two bathroom home providing a comfortable and inviting space to enjoy picturesque views of the farm. Sit back and relax on summer nights while taking in the serene surroundings. 14.9km from Dargaville.
mbrowning@pggwrightson.co.nz 027 668 8468
2 Price by Negotiation Plus GST (if any)
pggwre.co.nz/DAG39643
TEKOPURU,NORTHLAND
454 West Coast Road
Everything Ready to Go
190 hectare dairy farm that has everything you need to get top production. Two homes, 30 ASHB shed with cup removers, in shed feeding system and automatic drafting. Large, covered feed pad that holds 300 cows, (milking Holstien Friesians) the cows just love it. Calf sheds and feed bunkers. Production to 170,000kg MS currently milking 300 cows under a winter milk contract. Contour is a mixture of peat flats, rolling with some sidling. Bore water also feeds farm and cowshed. Permit in place for irrigation to paddocks. Close to the coast and handy to Dargaville, on tarseal road. Adjoining block of 94 hectares could also be available.
1325 Paparoa-Oakleigh Road
Rural Lifestyle Grazing Awaits:
Welcome to this charming three bedroom family home set on 63 hectares of picturesque countryside. Home has a modern kitchen, polished wooden floors in living, kitchen and dining areas and a cozy wood burner. Enjoy stunning views of the rural landscape from the living area. Double garage, carport and farm buildings include an 11 ASHB shed with old plant, three bay implement shed and truck shed. The rolling to hill contour is well fenced to 29 paddocks with central race, perfect for the 100 head of mixed aged beef steers and heifers that call this property home. Also has a few horses and sheep.
mbrowning@pggwrightson.co.nz 027 668 8468
$1.55M Plus GST (if any)
pggwre.co.nz/DAG40137
EXPERTISE ENABLES SUCCESSFUL ACQUISITION
Shaun and Vanessa Russell started looking for a farm two and a half years ago.
“We wanted to find something to suit what we want to do. We couldn’t find anything that was any good,” says Shaun.
On their six-hectare Wainui lifestyle property, and at a 100-hectare Waitoki lease block, the couple raise and finish beef calves, while Shaun runs his civil contracting business, and
Vanessa manages an early childhood centre. They needed a larger property to increase the scale of their farming operation.
In May Scott Tapp of PGG Wrightson Real Estate, Wellsford listed a 137-hectare Tomorata finishing unit, 29 kilometres north of Warkworth and 86 kilometres north of the Auckland CBD.
“Ideally located and conveniently close to the beautiful Mangawhai and Te Arai beaches, this farm features fertile soils
growing easy rolling clean pasture, subdivided into 65 wellmaintained paddocks.
“Equipped with excellent stock yards, including a covered vet race and crush, the farm also features fenced and covenanted stands of native bush, which enhance its natural charm, and a large four-bedroom homestead sitting on an elevated platform,” says Scott.
Shaun and Vanessa immediately recognised the farm’s merits.
“We walked over it once, looked at it, and realised straight away it was what we were looking for. Although it didn’t tick every single box, you will never do that, and since this matched what we wanted by more than 90 per cent, we knew we weren’t going to do any better.
“We aim to rear calves and carry them through to finishing. This property has suitable sheds, the water source is reliable with excellent reticulation through the farm, it is well raced, and is a good winter farm, so well drained, enabling us to confidently finish stock.
“Everything is bang on, and it’s nice and private,” says Shaun.
As an extra benefit, Vanessa’s employer is building a new centre in Wellsford, 14 kilometres away, where she will be able to transfer as the manager.
Shaun is looking forward to spending more time on the farm ‘doing something I love.’
“We aim to rear 300 to 400 calves per year, we sell around 100 as yearlings, then carry the rest through. Until we fully work out what the farm can handle, we are going to put around 200 dairy grazers on, at least for the next year to 18 months, until we increase our stock numbers.”
Shaun notes that Scott’s assistance was crucial to secure the property.
“Without him we wouldn’t own that farm. He provided us with the introduction we needed to secure finance. After our existing banker was unable to support us, and we tried various avenues elsewhere with no luck whatsoever, Scott pointed us in the right direction. From that point the process became unbelievably easy. If not for Scott, we wouldn’t have purchased the farm.”
Shaun and Vanessa take possession in late October, and in the long-term the plan is to upscale their beef finishing operation yet further providing a great lifestyle and income. Saying goodbye will be difficult.”
SCOTT TAPP Rural & Lifestyle Sales Consultant 021
418 161
TOMARATA,AUCKLAND
298 Waiteitei Road
Ideally Located Rural Investment
Encompassing 77.9269 hectares, this productive dairy land is well-equipped with a deep water bore system that is reticulated to troughs. The property features well-maintained access tracks throughout, ensuring ease of movement. It includes a 16 aside dairy shed along with various support structures. The dairy operation has achieved a production of 85,446kg MS from about 200 cows. Located along the popular route to Mangawhai and the East Coast beaches, while also being accessible to Auckland and surrounding townships. The majority of the land is easy rolling pasture, offering expansive rural views, along with small pockets of native bush.
teamscott.tapp@pggwrightson.co.nz
$2.5M Plus GST (if any)
pggwre.co.nz/WEL34637
SCOTT TAPP
WHANGARIPO,AUCKLAND
1149 Whangaripo Valley Road
Versatile 57ha Finishing Block
This exceptional 57 hectare (141 acre) property offers an outstanding opportunity for farming or lifestyle buyers. Ideally situated close to Matakana, the block is predominantly flat to gently rolling pasture, with steeper areas. The water is sourced from reliable bore/dams and reticulated throughout the property and there is a strong fertiliser history. There are a variety of farm buildings and the well-maintained fencing and races, make stock management easy. 24 well-subdivided paddocks, are perfect for efficient farming and fenced native bush and wetlands, enhance the property’s environmental appeal. Call Scott for more information.
teamscott.tapp@pggwrightson.co.nz
Deadline Sale
Plus GST (if any)
(Unless Sold Prior)
Closes 5.00pm, Thursday 31 October
pggwre.co.nz/WEL40147
788 Burma Road
Irrigated Beauty
Whether you're looking for dairy, grazing, or a combination of both, this impressive irrigated unit is well set up with a significantly upgraded home, fully compliant 20 aside dairy shed with in-shed feeding, high quality deep water supply, and huge irrigation lake. The 80.5ha is almost all gentle rolling pasture, well fenced and raced and also incorporates the approximate 7ha picturesque lake. There are various support sheds including large barns and a modern four bay calf shed. The home has recently had new cladding, new carpet and flooring, new joinery, modern kitchen and large decking areas. The views are expansive over the lake and farm.
$2.195M Plus GST (if any)
pggwre.co.nz/WEL37504 teamscott.tapp@pggwrightson.co.nz
AWHITU,AUCKLAND
249 Kemp Road
Vendor Retiring
This attractive and well-established dairy farm features a varied topography, ranging from flat to steep terrain. Of the 160 hectares, it includes a 70-hectare dairy platform averaging 91,000kg MS off 180 cows. The dairy facility is 16-a-side HB milking shed, complemented by an in-shed feeding system. The farm is well-equipped with various support structures, including a four-bay implement shed, a workshop that includes a one-bedroom suite, a fivebay calf shed/workshop outfitted with 80 solar panels that power the main homestead, and a twelve-bay calf rearing shed. The farm also supports a small herd of Hereford breeding cows. Will be sold.
027 473 3632
avanmil@pggwrightson.co.nz
6 3
Deadline Private Treaty Plus GST (if any) (Unless Sold Prior)
Closes 3.00pm, Thursday 7 November pggwre.co.nz/PUK40101
Video Available
ADRIAN VAN MIL
POLLOK,AUCKLAND
111 Hamlin Road
Lifestyle/Farming With Fishing on Your Doorstep - 36ha
This countryside property offers a retreat from city life while being conveniently located just 15km away from Waiuku township. Situated on a generous 36 hectares, you will find a fourbedroom one-bathroom home, along with a haybarn and newly built stock yards, perfect for those looking for a dairy run off, grazing block, or looking to embrace the rural lifestyle. All farm water is drawn from a natural spring, which is pumped from the lower part of the property.
One of the key highlights of this property is the breathtaking views it offers over the Manukau Harbour and surrounding farmland.
KANE NEEDHAM
027 336 8709
kane.needham@pggwrightson.co.nz
027 704 6833
mneedham@pggwrightson.co.nz
4 1
$1.375M Negotiable Plus GST (if any)
pggwre.co.nz/PUK39387
WAIUKU,AUCKLAND
1047 Awhitu Road
Vendors Have Bought - Instructed to Sell - 161ha
Dairy farms of this quality and size located close to Auckland are few and far between. This 161ha farm has been farmed with pride by the owners for over 30 years. Infrastructure includes five-bedroom home with four bay shed, two-bedroom cottage, 30 aside herringbone shed, inline feed system, rubber matting, multiple silage pits, calf rearing facilities, and large implement shed. Winter milk contract available, with well subdivided paddocks via well maintained raceways, with a quality standard of fencing throughout.
With views over the Manukau Harbour, this dairy farm is well worth looking over.
KANE NEEDHAM
027 336 8709
kane.needham@pggwrightson.co.nz
MARK NEEDHAM
027 704 6833
mneedham@pggwrightson.co.nz
1 Price by Negotiation Plus GST (if any)
pggwre.co.nz/PUK38389 Video Available
AKAAKA,AUCKLAND
158 Otaua Road
Location with Scope
Size: This 215 hectare (more or less) of flat contour is set up with all you need for dairy farming including a 60 bail rotary shed, 700 plus cow covered feed pad, feed bunkers, calf rearing shed and implement sheds.
Scope: Conservatively farmed with an average production of 236,000kg MS. Acknowledged opportunity here to markedly increase production to the right owner. Three titles with four homes.
Location: Situated in the renown dairy farming area of Aka Aka/Otaua, located a mere 10 kilometres from Waiuku and 15 kilometres from the bustling Pukekohe township. Our retiring vendor wants a sale.
027 473 3632
avanmil@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/PUK38295
Video Available
ADRIAN VAN MIL
GLENMURRAY,WAIKATO
3068 Highway 22
Thundercross Farm
This 300ha farm with approx 237ha effective area has 32 well-maintained paddocks of mostly rolling contour, with some moderate to steep. Well-constructed yards allow for effective stock handling. Currently leased out for dairy grazing and finishing, as well as maize and silage production. Historically has run mixed sheep and beef. The on-site quarry presents a potential additional income opportunity with a Resource Consent in place. The four-bedroom home offers comfortable rural living set against mature bush with a waterfall and stream.
Additionally for sale is the iconic adventure tourism business, Thundercross Valley Dirt Bike Park.
RICHARD THOMSON
027 294 8625
richard.thomson@pggwrightson.co.nz
ben.warren@pggwrightson.co.nz 021 466 057 BEN WARREN
pggwre.co.nz/HAM39510
TOGETHER OR SEPARATELY FARM AND BIKE PARK
Ahigh-profile Waikato adventure tourism business, within easy reach of Auckland and Hamilton and attracting enthusiasts from around the world, is for sale.
Thundercross Valley Dirt Bike Park is situated on a prime Glen Murray farm, 92 kilometres south of the Auckland CBD and 69 kilometres north of Hamilton. Both the 300-hectare farm and the Thundercross business are available for sale, either together or separately, presented to the market by Richard Thomson and Ben Warren of PGG Wrightson Real Estate, Hamilton.
Richard Thomson says the highly regarded tourism business comprises a variety of trails to suit all levels, plus a fleet of hire bikes catering for enthusiasts, casual users and corporates, as well as tuition from an experienced team of coaches.
“This is a unique and well proven offering, built around the adventure of riding cross-country dirt bikes. Its spectacular
location and carefully designed 38 kilometres of trails give Thundercross visitors a fun day out unlike anything else in New Zealand. This long-established going concern is poised for a new owner to leverage several opportunities to further develop the Park and take the business to the next level.
“Around 50 percent of New Zealand’s population lives within a two-hour drive of Thundercross. Currently drawing in more than 3000 visitors per annum, the property’s attractive basin setting and mature bush, with a picturesque waterfall, are boosted by an existing set of consents that would be near impossible to replicate today. In addition, exceptional administration systems make this an easy business to walk into. While Thundercross has historically centred on dirt biking, its well-recognised and easily accessible location, ample parking, and protocols provide scope to develop multiple complementary recreational and teambuilding activities including accommodation, paintball, ziplining and others,” he says.
WAIKATO
With approximately 237 hectares effective, the farm has historically run mixed sheep and beef. With the current owners’ focus on developing Thundercross, it is currently leased out for dairy grazing and finishing, as well as maize and silage production.
Richard Thomson says the farm has a rich history.
“Comprising 32 well-maintained paddocks ranging from one to 30 hectares, on predominantly rolling contour, the farm’s wellconstructed and sited yards allow for effective stock handling. Stock water is pumped from natural sources.
“An on-site quarry, consented since 2000, was previously commercialised and presents potential additional income supporting on-farm or local projects with high-quality materials,” he says.
Initially intending simply to give their teenage children somewhere to practice their dirt bike passion, owner James Fowlie and family started development of Thundercross in 1999. As local interest grew a more expansive vision emerged, and Thundercross gained resource consent to open to the public in 2000. Initially local riders turned up and left a koha in the gummie on the deck. Now Thundercross comprises a web of formed tracks around the farm, scaled to suit all abilities from learners to expert riders, employing two full-time working owners, one full-time staff member, plus a roster of casuals.
Richard Thomson says an incoming buyer’s most obvious opportunity resides in realising the potential of the farm’s old wool shed.
“As the farm has not run sheep for many years, the building was upgraded to its current use as the dirt bike park’s sign-in centre. This includes a media room for induction purposes, a welcoming and comfortable space for staff and visitors to hang out, food servery area, large deck with spectacular views and an office overlooking the Park entrance. While retaining the building’s rustic vibe, and utilising the existing land use consent, the current owners have made progress towards consent for a public café. This site has ample parking for vehicles and trailers, alongside designated spaces for loading zone, café, disabled, and staff parking. Ride-up access from the tracks direct to the building is also planned. Taken to its conclusion, this development would provide riders with a dedicated, external serving-hatch, outside seating and shelter, making it possibly the world’s first ride-up dirt biking café,” he says.
Set against the bush, waterfall and stream, the property’s wellsituated four-bedroom homestead features established gardens, a bountiful orchard and stunning views to the northwest over much of the farm.
Thundercross has been the location for many TV advertisements and productions, most recently The Bachelorette NZ and The Circus.
The land and business are for sale together or separately as going concerns with a listing price of $4 million plus for the farm, and by negotiation for the business and operating assets.
RICHARD THOMSON
Rural & Lifestyle Sales Consultant 027 294 8625
BEN WARREN
Rural & Lifestyle Sales Consultant
021 466 057
ROTONGARO,WAIKATO
221 Herbert Road
Act Now - 74.8ha
This 74.8086ha flat dairy farm has a four-year average production of 55,335kg MS. It would make an excellent maize cropping/support farm. The herd is available to be purchased with the farm, 188 MA cows. Located on a quiet no-exit road near Huntly and features an excellent five-bedroom, three-bathroom 2016-built brick home, plus large workshop as well as a tidy three-bedroom second home, recently renovated. Farm improvements include 24 ASHB Westfalia plant with ACRs, in-shed molasses feeding system, PKE and fertiliser storage shed, large implement shed, calf-rearing shed, two bores with good reliable quality water, and modern effluent system.
RAGLAN,WAIKATO
680 Waimaori Road
Waimaori - 492 hectares (more or less)
Predominantly easy rolling cattle contour situated 18km Southwest of Raglan. Grass only policy wintering as at 30th June 2024, 279 x 27-month Steers, 217 x 15-month Steers, 415 x EH, 1040 x MA Ewes, and 25 x Rams. Outstanding four-bedroom homestead which is presented to a very high standard. There is also a three-bedroom Managers house, three stand woolshed and three bay lockable shed. Multiple water systems, long fertiliser history, and riparian planting throughout. This is a farm where attention to detail is evident throughout and a true turnkey operation with a desirable location.
PETER WYLIE
027 473 5855
pwylie@pggwrightson.co.nz
Tender Plus GST (if any) (Unless Sold Prior) Closes 3.00pm, Friday 1 November PGGWRE, 41 Market Street, Te Awamutu pggwre.co.nz/TEK39571
Video Available
MATAMATA,WAIKATO
7875 State Highway 27
Gilt Edged - Outstanding Location
This stunning and often admired parcel of land of 67 hectares (165 acres) is, for the first time in years offered for sale out into the public domain both domestically and internationally. The location is within proximity to the popular Matamata raceway, with excellent road frontage. The property also has extensive farm buildings including covered cattle yards, a five-bay implement shed and more. There are two residences one being an executive Hinuera stone home and the second a two-bedroom manager’s dwelling. This blue-chip property offers multiple land use possibilities, including equine activities, intensive cropping, as examples.
Tender
Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 5 December PGGWRE, 72 Firth Street, Matamata pggwre.co.nz/MAT40260 trevor.kenny@pggwrightson.co.nz
TREVOR KENNY
MATAMATA,WAIKATO
4548A State Highway 29
Entry-Level Farming Opportunity
This property has come to the market after being farmed by the same family just one year short of 100 years. This 70 hectares (more or less) property is currently run as a 220-cow dairy farm. There is also an eight hectare lease block which is added to the dairy platform. The 220 cows are milked through a 20 ASHB shed with in-shed feeders. Other buildings include a six-bay implement shed and four-bay calf shed with two other hay barns. There is a three bedroom home on the property. The contour is predominantly flat to easy with a small balance in steeper sidlings. Included in the farm is a cut and carry block over the road.
TREVOR KENNY
Deadline Private Treaty
Plus GST (if any)
(Unless Sold Prior)
Closes 4.00pm, Friday 22 November PGGWRE, 72 Firth Street, Matamata pggwre.co.nz/MAT40257
CAMBRIDGE,WAIKATO
282 Roto O Rangi Road
59.7Ha With Options
This expansive 59.7ha farm presents a versatile canvas, perfectly suited for horticulture and maize growing, offering a myriad of possibilities and options for the discerning buyer. The flat contour of the land provides the perfect foundation for various crops, offering a promising opportunity for agricultural ventures. The vendors would, as an option, welcome an investor to join them to develop the property by converting to kiwifruit. The wellpresented 1920's three-bedroom bungalow overlooks the surrounding farmland. Situated in a prime location on the outskirts of Cambridge, this property presents a rare opportunity.
martin.lee@pggwrightson.co.nz
$4.6M Plus GST (if any) pggwre.co.nz/CAM39396
MARTIN LEE
TEAWAMUTU,WAIKATO
1972 Te Rahu Road
Flays Berry Farm - Berryfresh
Flays Berry Gardens, (Berryfresh) established in 1984 by Murray and Anne Flay. The 29.5 hectares of premium flat free-draining horticultural land produces fresh and frozen raspberries, blackberries and boysenberries for local and international markets. The business is well known and supported both locally and across the country. The recognized brand has well-established distribution lines and a reputation for quality. The retail shop provides fresh & frozen berries, ice creams and the opportunity to pick your own berries. This lifestyle/family business is primed for accelerated growth and increased profitability.
ROB PIERCE
021 137 8105
rob.pierce@pggwrightson.co.nz
027 473 5855
pwylie@pggwrightson.co.nz
$4.4M Plus GST (if any)
pggwre.co.nz/TEA39709
Video Available
PETER WYLIE
PIRONGIA,WAIKATO
480 O'Shea Road
Attention To Detail Box Has been Checked
78 hectares (more or less) - approximately 66 effective, balance is bush and pine. This elevated property is currently being milked on but would make a fantastic cattle property with the ability to grow your own supplements. Approximately 45 hectares is flat to gentle rolling which is mowable. 17 hectares rolling to medium hill and the 4 hectares of balance is steep hill. As mentioned, the attention to detail on this property is spot on. Fencing, water, re-grassing, livestock feeding, and husbandry is all of the top calibre and a credit to the vendors. For the last three years 180 cows have been consistently milked.
027 473 5855
pwylie@pggwrightson.co.nz
$2.8M Plus GST (if any)
pggwre.co.nz/TEK39652
PETER WYLIE
PUKETOTARA,WAIKATO
870 Ormsby Road
Maize and Grazing
90.5681 hectares (more or less). Effective Area: 78 hectares - balance riparian planting. This ex-sheep dairy unit offers quality contour that is very well fenced into 38 paddocks. This season the vendors will be planting approximately 60 hectares in maize. The balance will be cattle grazed. There is approximately 12 hectares of riparian planted wetlands. Threebedroom single storey weatherboard home. Tile roof with a mix of timber and aluminium joinery. Insulation in floor and ceiling. Separate self-contained sleep-out.
PETER WYLIE
027 473 5855
pwylie@pggwrightson.co.nz
$3.3M Plus GST (if any)
pggwre.co.nz/TEK39690
TEAWAMUTU,WAIKATO
192 Morgan Road
Flatlands - 120 Hectares
100% flat contour. 50 ASHB - 10 years old with cup removers, 8 bay calf shed (one bay lockable) and feed pad. One dwelling - 2014 Three-bedroom brick home. This premium flat dairy farm offers top-tier milk production and is presented to the highest standard. With relatively new well-maintained buildings and robust farm infrastructure this property ensures efficiency and productivity. The vendors have fertilised strongly as is reflected in the strong soil tests. The fencing, and lanes are of a top order. This farm is ideal for those looking for a high-performing dairy operation with great location. Don't miss this rare opportunity!
027 473 5855
pwylie@pggwrightson.co.nz
Tender
Plus GST (if any)
(Unless Sold Prior)
Closes 2.00pm, Friday 1 November PGGWRE, 41 Market Street, Te Awamutu pggwre.co.nz/TEK40041
Video Available
PETER WYLIE
TEAWAMUTU,WAIKATO
1288 Pokuru Road
Productive Pokuru
These 152 hectares (Subject to Subdivision - more or less) presents extremely well to purchasers who desire contour, infrastructure and production. 50 bail Waikato rotary ACR's, 300 cow feed pad worth auto-wash, 200 cow stand-alone feed pad with effluent storage, 250 calf capacity, and three dwellings. On average 455 cows wintered, 410 cows milked, 202,335kg MS produced. Fencing is top grade, excellent water, easy rolling contour, and well-maintained races. Very well-located dairy farm with all the levels of infrastructure in place. Quality farm.
027 473 5855
pwylie@pggwrightson.co.nz
Tender Plus GST (if any) (Unless Sold Prior)
Closes 2.00pm, Friday 25 October PGGWRE, 41 Market Street, Te Awamutu pggwre.co.nz/TEA39997
Video Available
PETER WYLIE
OPARAU,WAIKATO
4267 State Highway 31
117ha Paradise in Kawhia
This is a once in a lifetime opportunity to secure a 117ha waterfrontfarm on the Kawhia Harbour. Clean and well farmed with an excellent fertiliser history, this block is currently grazing dairy heifers. Reliable bore water supply is pumped to troughs in each paddock and the springs, streams and harbour boundary are all fenced off.
Featuring a comfortable three-bedroom home and a recently renovated two-bedroom cottage, there is also a large implement shed and barn.
Recreationally the farm offers fishing literally off your door step.
This would make an ideal stand-alone finishing farm, support block, cropping or horticulture property.
5 3 Price by Negotiation Plus GST (if any)
pggwre.co.nz/HAM39623
Video Available richard.thomson@pggwrightson.co.nz
WHAREPUHUNGA,WAIKATO
124 Happy Valley Road
Apex Heights - 136 hectares (more or less)
36 ASHB Shed, PK and molasses in shed, 12T silo, two x calf sheds, workshop, American style barn, and 3 Bay implement shed. 2023/24: 420 cows - 150801kg MS - Spring and Autumn calving. Apex Heights presents a very productive fertile farm. Easy rolling contour with a fantastic 'engine room' located to the West, invariably ticking all the boxes. Vendors have emphasised fertiliser application and pasture management to meet their production expectations. Approximately 75% croppable. Bore water. A very good example of an easy rolling high producing dairy farm. Two dwellings - 1 x five bedroom, three-bathroom, 1 x four-bedroom Cottage.
TONY FOREMAN
027 654 7434
tony.foreman@pggwrightson.co.nz
PETER WYLIE
027 473 5855
pwylie@pggwrightson.co.nz
Tender Plus GST (if any) (Unless Sold Prior)
Closes 3.00pm, Wednesday 30 October PGGWRE, 41 Market Street, Te Awamutu
pggwre.co.nz/TEK40100
DAIRY MARKET MOMENTUM SHIFT
Two key indicators suggest a long-awaited shift in the momentum of the dairy property market is about to arrive.
First, the Reserve Bank Governor’s decision to lower the Official Cash Rate is expected to boost sentiment, fostering increased optimism in the sector.
Second, the 50-cent rise in Fonterra’s payout prediction, taking projected earnings to 25 per cent above where they were this time last year, should further reinforce confidence.
In the last several months the attitude of farmers has been
poised to change. Those considering selling property have become more realistic, while purchasers take stock of the increasing variety of farms available. As spring progresses, more farmers are ready to list dairy property for sale.
In most of the prominent dairy regions, the conditions for this upswing are becoming evident.
A series of well-presented dairy farms around Te Awamutu will be offered to the spring market. As in some other regions, vendors are listing to sell early, seeking to test the depth of the buyer pool.
DAIRY
In Eastern Bay of Plenty, immediate opportunities include good first farm or investment properties, with more dairy properties likely to come forward later in the spring and through the summer. Well qualified and motivated buyers, either investors or existing farmers enhancing dairy portfolios, are looking for properties with scale, proven productivity and longevity of environmental and resource consent compliance.
In Canterbury the present market comprises established dairy farmers looking to upscale, and farmers active in other sectors keen to expand into dairy. Tier One dairy farms are attracting the greatest enthusiasm. Purchasers are prepared to pay for quality and therefore avoid inheriting environmental problems. Well qualified buyers seek farms of 200 hectares plus, milking 800 or more cows. Prices for Canterbury dairy farms should remain fully firm, or possibly increase slightly.
Dairy support properties are likely to be an important part of the upcoming Mid and South Canterbury rural market. Although budgets rarely justify dairy farmers owning their own support blocks, taking control of stock health and ensuring a fully selfcontained system is strong motivation. As the market returns to a more positive phase, dairy farmers will seek out these blocks. Several in Mid and South Canterbury will come to the market over the next few months, where ready buyers are likely to await.
A number of Otago dairy units and runoffs are coming to the spring market, ranging in size and varying from Tier One through to Tier Three. With returns rising while interest rates and some on-farm costs come back, investors are returning to the sector, focused on properties with reasonable infrastructure, consents and compliance in order, and offering good return on investment.
Good Southland Tier One dairy farms currently range in value from $38,000 to $45,000 per hectare, Tier Two from $32,000 to $38,000, and Tier Three from $22,000 to $30,000. Southland dairy properties valued at $6 to $8 million and above are attracting more attention than in recent seasons. Current listings range from 450 to 650 cows. Southland enjoyed a surplus of feed in the last 18 months, freeing farmers from the need to secure their own grazing. Since that surplus is now exhausted, dairy support properties are again attracting strong interest.
In this environment, before bringing a dairy farm to market, anyone with such a property to sell must ensure it is in top condition and can be proved as such. Buyers are standing by, though will not neglect due diligence.
Rising sentiment and falling interest rates don’t always guarantee higher property values. However, these conditions will increase confidence among buyers in the dairy sector, and therefore increase the opportunity to sell.
Looking ahead, if interest rates continue to drop and the payout remains steady or increases further, the property market stands to gain. Many farmers are eager to expand their dairy operations with additional support blocks, while others seek first farms or properties to add to a dairy portfolio. Investors have also regained appetite for the sector. As more dairy properties enter the market, an increase in transactions is likely.
WHAREPUHUNGA,WAIKATO
196 Happy Valley Road
APEX Drystock - 58 hectares (more or less)
Cattle grazing with superb homestead. The contour is easy rolling to steep to plateau country up top. Well fenced, watered and fertilised as it has been run alongside the dairy farm next door. The four-bedroom family home is of open plan design with an abundance of natural light. Other draw card qualities of this impressive home are the dedicated games room, separate laundry and drying room. Detached 3 bay industrial pole shed providing ample extra storage and complimenting the double garage with internal access into the family home and a garden shed also completes the package.
027 654 7434
tony.foreman@pggwrightson.co.nz
027 473 5855
pwylie@pggwrightson.co.nz
Tender
Plus GST (if any) (Unless Sold Prior)
Closes 3.00pm, Wednesday 30 October PGGWRE, 41 Market Street, Te Awamutu pggwre.co.nz/TEK40102
TONY FOREMAN
PETER WYLIE
MAIHIIHI,WAIKATO
342 Happy Valley Road
Apex Valley - 90 hectares (more or less)
Entry level dairy farm with good farm infrastructure. 2019 Built 22 ASHB with in-shed feeders. Two x 3 bay calf sheds, one x 4 bay calf shed plus workshop. Undulating contour, approximately 70-hectare platform. Milking 250 cows in this popular district. Last year's production 70,877kg MS. Two dwellings - 1 x four bedroom and 1 x three bedroom home, both healthy homes compliant. The property is in three titles so future options availablegreat opportunity.
TONY FOREMAN
027 654 7434
tony.foreman@pggwrightson.co.nz
PETER WYLIE
027 473 5855
pwylie@pggwrightson.co.nz
Tender
Plus GST (if any)
(Unless Sold Prior)
Closes 3.00pm, Wednesday 30 October PGGWRE, 41 Market Street, Te Awamutu pggwre.co.nz/TEK40103
1031 Waipuna Road
Great Finishing Farm
With a surprise and vista around every corner, this 324ha farm is a piece of New Zealand paradise. Featuring a modern four-bedroom, two-bathroom home with incredible views. Excellent infrastructure including a modern 4-stand wool shed and yards, implement shed, workshop, and barn.
Running 200 cattle, 1,100 ewes and 1,500 lambs off 240ha effective with a recent regrassing programme complimented by good fertiliser history and great water infrastructure.
This farm features incredible native bush, amazing rock formations, caves, lakes and great hunting. Potential for an agri-tourism business could provide an opportunity for a second income.
richard.thomson@pggwrightson.co.nz
by Negotiation Plus GST (if any)
pggwre.co.nz/HAM38856
WAITOMO,WAIKATO
WAIHI,WAIKATO 9653 State Highway 2
Goldmine Orchard
2M Nuggets of GOLD are mined here every year!
The property consists of 4.21 can ha of G3 SunGold kiwifruit with approximately 70,000 trays forecast for 2025.
Major capital improvements will see continued high production increases.
The property includes a state of the art, monitored irrigation and frost protection system and all structures have been upgraded to carry future heavy crops.
There is a great shed with a large apron and concrete floor, three phase power, security lights and cameras.
The three bedroom home is nicely kept and the tenants pay good rent, are great security and are keen to stay on long term.
KATIKATI,BAYOFPLENTY
35 Canon Road
Oceanview Ranch - Exciting Options
166.828ha big views and low altitude. Farm, explore, enjoy and develop. 24ha of ideal hay plateaus or develop into horticulture at around 70 MASL. 80ha of clean, rolling, grazingwell-fenced and watered for beef and stud stock. Fresh water streams tumble down impressive bush and pasture valleys. Well-fenced for cattle and sheep. Great yards and woolshed. Reticulated water to almost every paddock.
This farm has scale. It offers future diversity with an enviable Bay of Plenty location. Bring your house and lodge plans. Give your family the opportunity to live the perfect rural life.
afowler@pggwrightson.co.nz
Tender
Plus GST (if any) (Unless Sold Prior) Closes 1.00pm, Wednesday 20 November pggwre.co.nz/TAR40242
ANDREW FOWLER
KATIKATI,BAYOFPLENTY
304 and 326 Sharp Road
Waterfront Orchard and Subdivision Opportunity
This 58 hectare, stunning Bay of Plenty waterfront location has massive potential. Around 20ha of the ultimate, early start G3 kiwifruit growing site, to develop on waterfront plateau land. It is highly fertile and has ideal, free draining ash soils on original ground.
A preliminary scheme plan for a 20 lot subdivision gives potential to create highly significant estuarine wetlands, and access to stunning waterfront community reserve land.
This picturesque, well managed dry stock farm has been in the family for generations, is in 5 titles, has two tidy houses and good sheds and barns.
A well-developed avocado grove adds value.
ANDREW FOWLER
027 275 2244
afowler@pggwrightson.co.nz
by Negotiation Plus GST (if any)
pggwre.co.nz/TAR40307
Available
3 1
116 Turner Road
Horses, Livestock, Views, and Opportunity!
116 Turner Road is a rural-lifestyle block of 25.2ha, located between Tauranga and Katikati, in the Bay of Plenty.
The property offers unrivalled privacy, established grazing and expansive Pacific Ocean views, with Mayor Island, Matakana Island and Mt Maunganui as prominent landmarks.
To the west, future owners will enjoy magnificent sunsets over the Kaimai Ranges.
Vendors are inviting clean offers to get a deal done! Call or email for more information and bring your dream house plans.
Enquiries Over $1.475M Plus GST (if any)
pggwre.co.nz/TAR36215
Video Available
PAENGAROA,BAYOFPLENTY
137 Maungarangi Road
The Ultimate Lifestyle
This 13.0461 (more or less) property is accessed along a well-formed driveway. There are 1.76 can ha of Hayward green kiwifruit on pergola structures in two blocks, 10 well-fenced grazing paddocks, multiple sheds, small barn and a single horse stable.
Beautifully refurbished five bedroom home with a new kitchen, bathroom and laundry. The property represents an outstanding opportunity for further horticultural development, along with a peaceful rural lifestyle.
Phone or email for a full Information Memorandum.
DAVID MCLAREN
027 223 3366
dmclaren@pggwrightson.co.nz
KAREN MCLAREN
027 555 0421
karen.mclaren@pggwrightson.co.nz
Tender Plus GST (if any) (Unless Sold By Private Treaty) Closes 3.00pm, Thursday 17 October pggwre.co.nz/TEP40234
MATATA,BAYOFPLENTY
697 Matata Road and 172 Sutherland Road
Scale on the Plains - 8 titles - 177 Hectares
697 Matata and 172 Sutherland Roads, located on the Rangitaiki Plains, Whakatane, offers exceptional scale to dairy in an industry recognised region known for its great climate, highly productive soils and exceptional lifestyle.
This appealing, Centennial Farm, has been faithfully farmed by the same family since 1919 and after 103 years the opportunity now exists to put yourself and your family into a most viable dairy unit and carry on the legacy this family has created.
pgoldsmith@pggwrightson.co.nz
PHIL GOLDSMITH
AWAKERI,BAYOFPLENTY
5 Melville Road
Lucrative Gold Kiwifruit, Substantial Home
A total area of 5.0727 hectares (more or less) with 3.41canopy hectares of G3 gold kiwifruit, early start. In 2024 this orchard produced 37,861 trays with 0.8 canopy hectares still developing.
The substantial two storey, three-bedroom home with attached studio and large paddock to the rear is surrounded by established gardens. In addition, there are two large sheds with an adjoining load out area.
The current owners purchased this orchard with a clear goal to create a modern high producing G3 kiwifruit orchard. All the hard work is done including the installation of the most up to date frost and irrigation system.
027 223 3366
dmclaren@pggwrightson.co.nz
027 555 0421
karen.mclaren@pggwrightson.co.nz
3 3
$5.3M Plus GST (if any)
pggwre.co.nz/TEP36889
DAVID MCLAREN
KAREN MCLAREN
FIRST FARM PURCHASE LONG TERM DREAM
Buying their first dairy farm, at Thornton on the Rangitaiki Plains 13 kilometres west of Whakatane, has realised a young family’s dream that was 10-years in the making.
After stepping onto the dairying ladder in 2014 and climbing from contract milking to sharemilking since, a move into ownership started to become realistic for Eastern Bay of Plenty couple Jeremy and Angharad Brady about two years ago.
“Jeremy grew up on a farm, went to Lincoln, then worked mustering cows in the Kimberleys, in the Australian outback, which is where we met. Jeremy’s parents bought a farm in Whakatane, and we came back from Australia to work on that. I’m from Wales and a real townie who fell into farming, so for me it was a big learning curve,” says Angharad.
Share milking developed their farming skills, their partnership and their equity, and last year they found a property that met their criteria, listed for sale by Phil Goldsmith of PGG Wrightson Real Estate, Whakatane, a 106-hectare farm milking an average of
357 mixed age Kiwi Cross cows through a 40 a-side herringbone shed to produce a three-year average of 162,000 kilograms of milksolids.
Jeremy says the locality is what first appealed.
“It’s close to Thornton Beach and a few minutes from Whakatane. We’ve been sharemilking nearby, so know this area and have established ourselves here, which helped make the farm an interesting option for us.
“It’s been well set up, with good irrigation, and although we’ve done some contouring and drainage, with maybe a bit more of that to do, it is close to what we want. Longer term we would like a support block to go with it. We rear our own young stock, and at present they go away for a year grazing off the farm, which is expensive, and means we can’t keep as close an eye on them as we would like.
“Overall, the productivity is satisfactory, and we aren’t looking to
WHAKATANE
make any major changes.”
Angharad says the sense of freedom is the best thing about owning their own property.
“We worked previously for good people, though you can’t beat being able to make your own decisions without other things being tied into it, and not relying on anybody else’s input.”
Going unconditional in January coincided with another big event: the birth of the Bradys’ second child, son Lachlan joining daughter Imogen, who is now two and a half. Off the farm, Angharad works for Fonterra as an Associate Programme Lead in the On Farm Excellence Environment team, planning to return from maternity leave in February.
“In my job, the focus is on efficiency: making milk matter, with minimum wastage. On the farm, we mirror that by trying to keep to a low cost, simple system. Efficiency underlies everything, starting with the cows, for example looking at conversion of energy to milk solid production rather than volume, and refining our genetics,” she says.
They are also looking forward to raising Imogen and Lachlan in the dairying lifestyle.
“Thinking about our future, that’s how we want our children to grow up. It gives them so much freedom and adventure, and a chance to learn how to take care of our land and animals. Imogen already enjoys helping me feed the calves, and exploring the farm on the two wheeler with dad. It’s a cool childhood for them,” says Angharad.
Phil Goldsmith was delighted to match the Bradys with their ideal first farm.
“This is an excellent property, well located, with a high standard of presentation and improvement. Its longevity of environmental and consent compliance means Jeremy and Angharad can enjoy the freedom of farming it into the foreseeable future, on their own terms, and without needing to unnecessarily adjust their management practices,” he says.
PHIL GOLDSMITH
& Lifestyle Sales Consultant
GALATEA,BAYOFPLENTY
2230 Pokairoa Road
Winter Milk, Graze or Forestry
Available as a full winter milk, going concern, 2230 Pokairoa Road with its 256 hectares, in five titles offers a diversity of land uses and with the conversion now in its fifteenth year out of trees and into pasture, the property is just hitting its straps.
Modern improvements including a 30 ASHB with ACR's and a 360 cow yard, eight bay implement shed, two three-bedroom homes and a self-contained cottage.
With 30 hectares (more or less) planted in four-year old radiata pine, and conveniently located right on the Kiangaroa forestry boundary, the property is well positioned if a change of land use into forestry is a consideration.
027 494 1844
pgoldsmith@pggwrightson.co.nz
7 4 2
Tender Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Wednesday 30 October pggwre.co.nz/WHK40187
Video Available
PHIL GOLDSMITH
GALATEA,BAYOFPLENTY
170 Whirinaki Road
Your First Farm
140.2377 total land size with 134ha effective. A best production of 221,296kg MS, milking 500 mixed age Kiwi Cross cows. Irrigated area of 70 hectares (more or less) K-line system. Effluent discharge resource consent compliance in place until 2038 and surface water resource consent compliance in place until 2033. 34 ASHB with 535 cow capacity yard. Excellent fertiliser history and application.
Well-presented three-bedroom family home and three-bedroom cottage with sleepout. 70.3km to Rotorua CBD, 73.9km to Whakatane CBD. It’s all here at 170 Whirinaki Road with its location and consistency of production.
027 494 1844
pgoldsmith@pggwrightson.co.nz
7 2 3
Tender Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 17 October pggwre.co.nz/WHK40005
Video Available
PHIL GOLDSMITH
CROWNTHORPE,HAWKE'SBAY
814 Crownthorpe Settlement Road
Specialist Bull Beef Unit
Money maker farm of 207ha. Finishing 340 plus bulls per annum at average weights last season of 351kgs dressed weight.
Kaianga is a specialist bull beef unit in techno system and cell blocks. Reticulated water to all paddocks with good access tracks and flat to easy contour.
Located in the strong farming district of Crownthorpe an easy 26km west of Hastings.
027 494 4854
Deadline Private Treaty
Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 14 November, Hastings pggwre.co.nz/HAS39759 paul.harper@pggwrightson.co.nz
PAUL HARPER
WAIPUKURAU,HAWKE'SBAY
304 Middleton Road
Breeding and Finishing Close to Town
Droxford comprises 481ha of easy rolling country with great access through the laned front country into this block.
A centrally located set of sheep and cattle yards located alongside a cattle finishing unit. Fenced into 60 paddocks with trough reticulation from the Farm Road Water Scheme.
The accessway services the airstrip and bin in the middle of the farm.
The front 103ha with all the farm servicing infrastructure can be made available for lease to a successful purchaser. Great add on block approx 10km drive from Waipukurau.
WILLS BUCHANAN
027 462 9716
wills.buchanan@pggwrightson.co.nz
027 494 4854
paul.harper@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any)
Closes 4.00pm, Thursday 21 November, Waipukurau
pggwre.co.nz/WPK40184
PAUL HARPER
OUEROA,CENTRALHAWKE'SBAY
1298 Farm Road
Strong Traditional Breeding Property
Carlyon encompasses some 474ha of breeding and finishing country, approx 15km east of Waipukurau.
The easy rolling country, intersperced with flats runs 2100 breeding ewes plus replacements and a 130 Angus cow herd.
Good infrastructure plus the utilisation of the Farm Road Water Scheme and a very comfortable three bedroom dwelling make Carlyon a very desirable proposition.
Held in three titles, options are offered here.
WILLS BUCHANAN
027 462 9716
wills.buchanan@pggwrightson.co.nz
HARPER
027 494 4854
paul.harper@pggwrightson.co.nz
3 2
Deadline Private Treaty Plus GST (if any) No Prior Offers Closes 4.00pm, Wednesday 20 November, Waipukurau
pggwre.co.nz/WPK40229
PAUL
KAITIEKE,RUAPEHU
Mangahoe Road
Invest For Your Future With Recreation On Tap
Mangahoe Forest is a 156.78ha farm located in the Ruapehu district. We are offering you the chance to purchase a 50% shareholding in this property. This is a first rotation forest with the majority of crop established in 2018, 2019 and 2020 and a smaller area established in 1999. The land of which the 127ha carbon forest has been planted consists of generally steep terrain with good soil fertility. The forest is registered in the ETS under the stock change accounting and is eligible for permanent carbon. The Ruapehu District is renowned for its outstanding tree growth. Close to the ski fields.
gary.brooks@pggwrightson.co.nz 027 444 3756
$1.35M Plus GST (if any)
pggwre.co.nz/HAS39673
HALCOMBE,MANAWATU
848 Mangaone Road
Versatile Deer Farm/Lifestyle On Town Edge
Not often do 22.8ha properties of this calibre become available. Situated 13.8km to the Feilding Saleyards, with a possibility to subdivide and immediately beside Halcombe with an attractive homestead. This farm has a mixture of gentle rolling to flat land with road frontage on two sides for easy management. The water system on this property has recently been upgraded to a high standard along with the rural water scheme. Solid cattle yards and loading race along with a well thought out deer handling sheds complement the farm, making deer handling a breeze. A two-stand shearing shed lends this farm to many farming practices.
jacqui.campion@pggwrightson.co.nz
wayne.brooks@pggwrightson.co.nz
Plus GST (if any)
pggwre.co.nz/FDG39829
WAYNE
POHANGINA,MANAWATU
333 Finnis Road
Much More Than A Lifestyle
Located approximately 20 minutes from Feilding and 30 minutes from Palmerston North. 35ha finishing/lifestyle property suitable for beef fattening, dairy support, or deer farming. Mostly undulating contour with some steeper sidelines and long flat road frontage, allowing for easy access. Farm buildings include a deer and implement shed. Land subdivided into 12 main paddocks. The attractive modern homestead enjoys panoramic 360 degree views from its elevated central position. The main home has 3 beds, 2 baths, open plan living plus adjourning self contained flat.
Enquiries Over $1.7M Plus GST (if any)
pggwre.co.nz/FDG39306 Video Available jacqui.campion@pggwrightson.co.nz
MANAWATU
HUNTING BLOCK SELLS PHENOMENAL INTEREST
Alarge Horowhenua rural property, bounding the Tararua Forest Park and ideally suited to hunting, sold in early September after a marketing campaign that attracted huge interest.
Comprising predominantly pristine native bush in a balance of re-growth and podocarp forest on contour mainly ranging from undulating to medium hill, the 647-hectare block was offered for deadline sale. PGG Wrightson Real Estate Hastings branch manager Gary Brooks led a joint listing, in a collaboration between the company’s Hawkes Bay and Manawatu including colleagues Ian Ross of Feilding and Hastings-based Hamish Goodwin.
“In total we have had more than 140 enquires, with 14,000 views for the online listing. That resulted in significant interest from several motivated parties, including two in a position to make a cash offer. Our vendor accepted one of those, at close to the property’s registered value. Two Feilding based hunting enthusiasts who have been looking for an opportunity of this sort for several years were the satisfied purchasers,” says Gary Brooks.
Situated 42 kilometres south of Palmerston North, 125 kilometres north of Wellington and 10 kilometres east of Shannon, the property is described as an impressive recreational hunting block, carefully managed with enjoyment of the bush and good hunting in mind, including well maintained all-terrain and four-wheel drive vehicle tracks. It provides habitat for plenty of red and fallow deer, plus some wild pigs and goats, and includes a one-bedroom hunters’ hut alongside a two-bedroom sleepout. Opportunities for future development include tourism hunting, as a deer park, or for horse trekking, mountain biking or bird watching.
A high proportion of the interest in the property was from overseas, via Gary Brooks’ affiliation with Sports Afield. Founded in 1887 Sports Afield is the world’s oldest outdoor recreation publication. It numbers 70,000 subscribers and is active in several other media and related enterprises, including Sports Afield Trophy Properties, a broad-based network of specialised real estate professionals who market ranch, agricultural, woodland, forest, equestrian, waterfront, hunting, fishing, and recreational outdoor properties.
Gary says that connection accounted for much of the reaction to the property’s marketing campaign.
“We could have sold this property several times over, and the market response was phenomenal, including interested parties inspecting it telling us this is the best hunting block they have seen. Our backup cash offer was from a New Zealander based
in the United States, and we know of numerous other potential buyers for properties of this type in the same category, not to mention others who are motivated and well resourced, though would require OIO approval to complete such a purchase.”
Sports Afield estimates approximately 50 per cent of its readers are multi-millionaires, who typically spend more than $US200,000 each per annum on hunting trips.
GARY BROOKS
Branch Manager & Sales Consultant
027 444 3756
IAN ROSS
Rural Sales Consultant 027 235 4647
HAMISH GOODWIN
Rural & Lifestyle Sales Consultant
027 291 2156
VIEW ONLINE LISTING AT: pggwre.co.nz/LEV39864
UPPERHUTT,WELLINGTON
2294A Akatarawa Road
Akatarawa Valley Hidden Gem
Chilly Brook is a large farm of 366ha in the Akatarawa Valley within easy reach of Wellington city. The pine forest encompasses a total of 132ha, including 95ha planted in 1997, 30ha planted 2007 and 7ha of 45-60 year old trees. The property includes a timber homestead, commercial workshop with three phase power, associated farm buildings and a spectacular sited hunting lodge. Chilly Brook is a true rarity that will have appeal for multiple buyer demographics. It absolutely needs to be explored to appreciate the extent of the unique package on offer. Options to split the property in two lots may be available to the right purchaser.
027 444 3756 GARY BROOKS
gary.brooks@pggwrightson.co.nz
027 291 2156
hamish.goodwin@pggwrightson.co.nz
by Negotiation Plus GST (if any)
pggwre.co.nz/HAS39135
Available
REGIONAL UPDATE | SEPTEMBER 2024
MARKET SNAPSHOTS SOUTH ISLAND
TASMAN
Activity in the Tasman spring and summer rural property market should increase compared to recent months, particularly for dairy. Raidale Farm, a 322-hectare dairy property sold in April for $7.3 million. Meanwhile, Kingsway Farms, Appleby Highway, a 58-hectare dairy property with water from the nearly commissioned Waimea dam is listed for spring sale. While recent demand for Tasman region sheep and beef property has been limited, farms of this type are coming to the market and should attract attention. Viticulture, which plays a major role in the Marlborough market, is due for a reset. An oversupply in recent seasons has created an excess of unsold wine. Alongside older vines in many vineyards, this has led to an uncertain vineyard property market, which will may be resolved in the coming months or may take longer. Marlborough property is still in demand.
CANTERBURY
A lack of sales through the winter made this one of the Canterbury rural property market’s quietest periods on record. Drought in North Canterbury compounded the same factors that are sapping farmer confidence elsewhere. However, listing early a 162 hectare irrigated Sheffield dairy farm achieving 243,000 kilograms of milksolids from 560 cows attracted plenty of interest. Meanwhile, other quality spring listings stand to capitalise on the change of mood that reduced interest rates and improving commodity returns ought to prompt. These include Te Mara, a 312 hectare Waiau sheep and beef farm; a well located 172 hectare Cheviot property called Nonoti; and a 500 cow modern dairy farm in Oxford. When presented at their best, by vendors with reasonable pricing expectations, these and other spring listings should attract buyers as the Canterbury market swings back to the positive.
WEST COAST
Moderate numbers of West Coast rural properties are projected to hit the market in the spring, with listings anticipated to span all price brackets and districts. Recent sales have surpassed the five-year median quantity and are primarily concentrated in preferred localities, comprising transactions at firm to moderate values. Capital availability is low. As in other regions, regulatory pressures persist, while the high cost of borrowing and on-farm expenses have harmed farmer confidence. As spring and summer progress, any West Coast dairy property offered for sale featuring superior infrastructure and a low risk profile should be well received by the market. As in other regions, vendors of such properties are advised to ensure that any farm they present for sale is in the best possible shape, and can be fully verified as such.
MID AND SOUTH CANTERBURY AND NORTH OTAGO
Notable recent dairy property sales in Mid and South Canterbury include at Ashburton Forks, Orton and Makikihi, ranging from $48,000 to $53,000 per hectare. Pricing was a little shy of the market’s 2021 peak, though still strong, and consistent with last season’s values. Poor returns for lamb, mutton and wool persuaded some of the region’s farmers to consider procuring more trading cattle and breeding cows while reducing ewe numbers. Sheep and beef farm values are likely to reset, though as sales may be limited in the coming months, this might not occur until early next year. One North Otago spring listing, The Dasher Station, a 6300-hectare pastoral lease property at Kauru Hill, Maraeweka, will attract plenty of attention. Meanwhile, although Mid Canterbury arable farms only rarely change hands, two with size and scale will list in spring, representing a generational opportunity.
OTAGO
Otago farmers have increased their focus on the rural property market recently. More favourable interest rates and improved commodity returns have boosted confidence, driving record level listings. Those selling are conscious of a limited buyer pool, boosting early spring listings. Prospective buyers therefore have an excellent selection, particularly of dairy, dairy run off and sheep and beef farms. Offered for spring sale and likely to attract plenty of attention are Bendoran, a 1774-hectare freehold run inland from Waikouaiti selling for the first time since 1904, and a 413-hectare Wharetoa, South Otago farm, the location of one of the region’s foremost genetics businesses; while a 130-hectare Poolburn, Central Otago dairy farm, producing 160,000 kilograms of milksolids per annum, with an adjoining 240 hectare dry stock property also available, presents another excellent set of opportunities for the right buyer.
SOUTHLAND
As in other regions, dairy is leading the re-emergence of the Southland rural property market. Listed farms are attracting genuine enquiry, with contracts in prospect earlier in spring than generally occurs. Interest in properties valued at $6 to $8 million and above is greater than in recent seasons as dropping interest rates and positive dairy auctions have encouraged purchasers. Activity around sheep and beef farms should feature as the season progresses. Southland spring listings that will attract attention include 2000-hectare Glenquoich Station adjacent to Athol township, and several new dairy listings ranging from 450 to 650 cows. Three autumn forestry sales proceeded between $2 and $3.5 million. While many with an interest in forestry are waiting to hear what the government will decide relating to carbon credits, a few are pushing on regardless, focusing more on forestry production.
APPLEBY,NELSON
276 Appleby Highway
Once in a Generation Opportunity
Currently, the property is a functional dairy farm in four titles. The property is suitable for horticulture/vegetable development with a fully affiliated shareholding in the Waimea Community Dam. Options to purchase all or some of the four titles including a new house: The whole farm of 57.96ha, 'H Block' 10.7ha, 'C Block' 15.59ha, 'A Block' 31.3ha, dwelling 0.2ha (subject to survey). Adjacent to the recent Richmond West, Berryfields residential development, is just 3km west of Richmond township, 12km southwest of Nelson airport, and a further 4km to Port Nelson.
douglasjcsmith@pggwrightson.co.nz
jblakiston@pggwrightson.co.nz
Tender Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Wednesday 13 November PGG Wrightson, 18 Estuary Place, Richmond, Nelson pggwre.co.nz/NEL39830
JOE
LINKWATER,MARLBOROUGH
1437 Queen Charlotte Drive
Linkwater Grazing or Lifestyle
A rare find in the Linkwater area is this incredibly well located 30 hectare grazing block with a native bush boundary.
Within minutes of the beautiful Queen Charlotte sound this Estate property must be sold. Lending itself to dairy run-off the property would also make an excellent lifestyle purchase with older farm infrastructure, approximately 20 hectares of flat paddocks, 5 hectares of maturing pine trees, and the balance in native bush.
An easily accessed block that you could make your immediate mark on.
Contact the sole agents Joe Blakiston or Greg Lyons for further information.
Deadline Private Treaty
Plus GST (if any) No Prior Offers
Closes 12.00pm, Friday 1 November 20 Westwood Ave, Blenheim
pggwre.co.nz/BLE40219
LANDMARK MARLBOROUGH DAIRY FARM SALE
One of Marlborough’s most admired farms sold earlier this year, resulting in Rai Valley’s largest clearing sale in decades.
Raidale Farm, a 322 hectare low input, self-contained dairy farm, producing around 200,000 kilograms of milk solids per annum from 440 cows, was held by the Couper family since the 1920s, while the family’s Rai Valley legacy stretches back to the 1860s.
Owen and Lina Couper decided to sell Raidale Farm last year, bringing in Joe Blakiston and Greg Lyons of PGG Wrightson Real Estate, Blenheim, to present the farm to the market.
“We’ve known Greg for many years and have a strong relationship with PGG Wrightson,” they say.
After such a long tenure, through multiple generations, selling a property like Raidale Farm can be an emotional experience, as the Coupers explain.
“We had our ups and downs on the way through, asking ourselves: ‘Are we doing the right thing by the family? What’s right for us as a couple? When do we let go?’ It’s a hard thing to do, a very big thing.”
With Greg and Joe providing guidance, the way ahead became more straightforward.
“They know their business, are good communicators, and did an awesome job with the marketing campaign. There were no hassles, they kept in contact with us, and were easy to talk to.”
Greg Lyons says Raidale Farm has numerous outstanding features.
“Widely regarded as Rai Valley’s best dairy farm, it has plenty of potential and shows the stewardship of a dedicated farming family. Adjoining the Pelorus River and comprising a milking platform of 202 hectares, the farm’s well-developed tracks and laneways enable easy access to all parts of the property.
Renowned as a summer-safe farm with over 2000 millimetres of rainfall per annum, Raidale Farm features a quality threebedroom homestead set on an elevated site with magnificent rural views.
“While the rural property market has been challenging in recent months, whatever market conditions prevail, a premium quality farm like this one is bound to attract interest as prospective purchasers recognise its potential.”
That proved to be the case. After being listed for sale in October last year, Raidale Farm was purchased in April for $7.3 million, bought by an existing dairy farmer from outside the region.
Blessed with spectacular autumn weather, the Raidale Farm clearing sale, staged by PGG Wrightson Livestock, attracted a large crowd.
“We were anxious beforehand, thinking not many people would be interested, and in tough times, nobody would have money and they wouldn’t be prepared to buy, then the utes and trailers started coming down the drive, in lots of ten.
“As one example, early in the auction a portable sawmill purchased new 20 years ago for $14,000 sold for $13,000. From then on we knew it would be a success.
“The sale was fantastic, the day was picture perfect, the auctioneers were amazing, and the whole PGG Wrightson team looked after us so well. We can’t overstate how great it was: a big, emotional day that people are still talking about,” say Owen and Lina.
Joe Blakiston says it was the Tasman region’s largest clearing sale in decades, drawing a crowd in the hundreds, including buyers from as far south as Canterbury.
“Several people noted that the day was more like an A&P show. Given farming’s current challenges, the sale was well timed as a boost for community morale.
“High quality farm machinery was the highlight. Three near new
John Deere tractors sold on the day with a top price of $140,000, while the onsite barbecue did a flourishing trade, also serving as a fundraiser for a local youngster heading overseas for a sporting event,”.
In the end, apart from three minor items, every lot sold, turning over a total in excess of $500,000.
Retiring to a Redwood Valley, Nelson lifestyle block, focusing on bowls, a large new garden, and working out what comes next, the Coupers will be much missed in the district, says Joe Blakiston.
“Their contribution to the local community has been outstanding, and as the last farming Coupers to leave Rai Valley, their departure marks the end of an era,” he says.
In early September Greg and Joe also sold the Couper’s 30 hectare run-off block to an out of town buyer, a strong sale that reflects growing confidence in dairying.
JOE BLAKISTON
Nelson/Marlborough Sales Manager 027 434 4069
GREG LYONS
Rural & Lifestyle Sales Consultant 027 579 1233
pggwre.co.nz/BLE38332
494 Redwood Pass Road
Bare Land Hill Block
Where else could you find a 153ha (378 acres) hill country grazing block within 10km of downtown Blenheim yet in a world of its own. Accessed by a sealed road almost to the gate, this sheep and beef grazing property is an ideal family weekend block or an addition to your existing land holding. Typical Marlborough hill country with several reliable streams and stock dams, currently split into eight blocks with further subdivision potential. The farm has a near-new set of wooden cattle yards and several sites where you could build a weekend cabin or tiny house. Spectacular views from the easily accessed ridges give an unbeatable outlook.
027 434 4069
jblakiston@pggwrightson.co.nz
027 579 1233 GREG
greg.lyons@pggwrightson.co.nz
Enquiries Over $990,000 Plus GST (if any)
pggwre.co.nz/BLE39552
Video Available
JOE BLAKISTON
LYONS
LOWERDASHWOOD,MARLBOROUGH
Renners Road
Large Scale Vineyard Opportunity
A large-scale vineyard opportunity situated in the Lower Dashwood. All planted in the iconic Sauvignon Blanc, this vineyard consists of 57ha and offers a great opportunity to enter or expand in the wine industry. Five titles in three lots all contract free.
Block 'A' - Consisting of 32ha of which 24ha of canopy area. All Sauvignon Blanc and watered from its own bore with a storage dam. There is a stunning elevated building site.
Block 'B' - Consisting of 9.2ha bare land situated between block 'A' and block 'C'. There is development potential.
Block 'C' - Consisting of 15ha of which 13ha canopy area.'A Class' water with storage dam.
027 433 4746
kmcleod@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/BLE39782
Video Available
KEN MCLEOD
LOWERDASHWOOD,MARLBOROUGH
102 Renners Road
Awatere Sauvignon Opportunity
Voyager Vineyard in the Awatere Valley is a mature Sauvignon Blanc vineyard with a history of the production of quality fruit in a well-regarded viticultural region of Lower Dashwood. Having been leased and professionally managed for almost 10 years by a prominent international wine company the property is now offered for genuine sale and with immediate possession available. Producing fruit described as unique Awatere Valley flavours and with consistent yields this is an opportunity to secure a production block with its own Sauvignon Blanc styles. Renowned as a frost-free area and with an 'A' class water right this vineyard has much to offer Price by Negotiation Plus GST (if any)
pggwre.co.nz/BLE39743 Video Available
027 434 4069
jblakiston@pggwrightson.co.nz
027 579 1233
greg.lyons@pggwrightson.co.nz
JOE BLAKISTON
GREG LYONS
SEDDON,MARLBOROUGH
83 Richmond Brook Road
Expressions of Interest Invited
An iconic Marlborough farming property, ‘Breach Oak’ of 401.74ha is offered for genuine sale. Various purchase options exist for this superior mixed-use property of three titles.
Option A: Ideally interest from a progressive viticulture developer looking for full ownership of the 50 to 70ha identified plantable area. A joint venture scenario would also be considered with established entities. A substantial water allocation exists to support viticulture or pasture irrigation, including K-Line irrigation.
Option B: Currently run as an extensive stock breeding and finishing property with 75 paddocks, full farming infrastructure and homestead.
JOE BLAKISTON
285 Grassmere Road
Diversified Farming....Options Here!
Welcome to Ellerdene, a 297.0393ha sheep and beef finishing block that has more than meets the eye. The property stretches north to south with rolling hills and valleys through to steep country. There are numerous catchment areas for natural water storage and stock use. This property provides plenty of scope for further cropping and feeding of stock. You’ll come home to a four-bedroom, two-bathroom 1940s villa with a comfortable ‘open plan’ kitchen, dining, and living space. Opportunity awaits you to stamp your own mark and to further develop this well-situated finishing property.
(if any)
pggwre.co.nz/BLE38901
LAKEBRUNNER,WESTCOAST
111 Aratika Drive
Quality Option
Step into the world of dairy farming perfection at this remarkable 663 hectare property. Situated just 30 minutes from the town of Greymouth and blessed with breathtaking views of the serene Lake Brunner.
Milking 700 cows on an expansive 385 hectare milking platform, this farm offers an exceptional opportunity to establish and grow a thriving dairy operation. With a state-of-theart 50 bail rotary shed built in 2014, milking becomes a seamless and efficient process, ensuring productivity and ease of management.
Enjoy the perfect balance of work and leisure, with the natural wonders and recreational actvities in the area - inspection a must.
ROB MCGREGOR
021 334 469
rob.mcgregor@pggwrightson.co.nz
Enquiries Over $7.25M Plus GST (if any)
pggwre.co.nz/GRE33011
Video Available
HUNDALEE,CANTERBURY
600 Hundalee Road
Impressive Deer Farm
‘Okarahia Downs’ is a well-developed, coastal, 236.8245 hectare, almost fully fenced deer farm in a great location, just 31km south of Kaikoura or 37km north of Cheviot on SH7, with impressive infrastructure and amazing views from the farm to the coastline. Circa 1927, the four-bedroom homestead, with expansive lawn and gardens, has been extensively modernised and renovated in most recent years including a modern inground swimming pool. With good improvements and handy to Kaikoura, hunting, fishing and mountains, it gives balance for business and leisure.
pcrean@pggwrightson.co.nz
$2.995M Plus GST (if any) pggwre.co.nz/CHR38383
Video Available
MARK
LYFORD,CANTERBURY
202 Mount Lyford Forest Drive
Attention Nature Lovers and Farmers
This 136.593ha easy hill farming property is located close to Mt Lyford Village and within easy commuting distance to Hanmer Springs, Waiau and Kaikoura. In recent times the property has been totally refenced, new steel cattle yards have been built and a new stock water system has been installed. There is a reasonable area of native bush with extensive bird life plus an income stream from farming both cattle and sheep on the property. A forestry right exists with a previous owner. With all the recreational pursuits the area offers, the sale of this property is an extraordinary opportunity to purchase a peaceful paradise in a unique location.
$1.35M Plus GST (if any)
pggwre.co.nz/CHR38214 Video Available pcrean@pggwrightson.co.nz
MARK
WAIAU,CANTERBURY
257 Lyndon Road
Multi-Purpose Sheep and Beef
'Te Mara', a highly desirable 312.98 hectare property located close to Waiau and Hanmer Springs in the Amuri Basin. Offering multiple farming possibilities, with the majority of the land suitable for cultivation, and currently used with a mix of cropping and permanent pastures, this is a very appealing property that should not be missed. Set within beautifully established grounds the impressive clay brick family home features an expansive open-plan living area, four spacious double bedrooms, master with walk-in robe, and family bathroom with adjoining toilet. Impressive infrastructure and a bonus one-bedroom self-contained cottage.
PETER CREAN
027 434 4002
pcrean@pggwrightson.co.nz
027 531 2964
mark.clyne@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Thursday 24 October pggwre.co.nz/RAN39401
Video Available
MARK CLYNE
WAIAU,CANTERBURY
734 Leader Road West
Large Scale Sheep & Beef, plus Forestry
Cheddar Valley Station is an impressive large-scale sheep and cattle station, comprising 2,336.678 hectares, located near the Waiau township in the highly regarded Amuri District. The station boasts a diverse landscape. Currently operating as a sheep and cattle breeding and finishing property, it features a mix of permanent pasture, native grasses, and feed crops. The property boasts an impressive amount of quality outbuildings and yards. There is an expansive brick five bedroom homestead, and a second home with four bedrooms. The sale of Cheddar Valley Station provides an exciting opportunity to purchase a large-scale property.
Deadline Private Treaty
Plus GST (if any)
(Unless Sold Prior)
Closes 2.00pm, Wednesday 6 November
pggwre.co.nz/RAN40004
Video Available pcrean@pggwrightson.co.nz 027 434 4002 PETER
MARK CLYNE
CHEVIOT,CANTERBURY
62 Nonoti Road
We are pleased to present this versatile and productive 31.8864 hectare property currently utilised for finishing and cropping. The property is run in conjunction with another property which is just 2.4km away at 285 Old Main Road and is also currently for sale. Comprising two titles, there is the option for potential purchasers to split the property into two smaller parcels. Supplied with two units of county water there is a water storage tank on each title. This summer-safe property features a flat contour with well-maintained fences, a three-bay hay shed, and sheep yards.
Deadline Private Treaty
Plus GST (if any) (Unless Sold Prior)
Closes 2.00pm, Thursday 21 November pggwre.co.nz/RAN40072
MARK CLYNE
CHEVIOT,CANTERBURY
285 Old Main Road
'Nonoti', located close to Cheviot, is a well-presented 140.8155ha property. Currently farmed in conjunction with a further 31.8864ha parcel, also available for purchase, totalling 172.7019 hectares. The main farming property offers a balance of productive flats and rolling downs and is divided into approximately 32 paddocks, plus holding paddocks. There is a high standard of fencing, a reliable stock water system, and well-maintained outbuildings. Completing the property is a charming three-bedroom character home set within a private and sheltered setting, with established gardens and lawns.
027 434 4002
Deadline Private Treaty
Plus GST (if any)
(Unless Sold Prior)
Closes 2.00pm, Thursday 21 November
pggwre.co.nz/RAN40073
PETER CREAN mark.clyne@pggwrightson.co.nz 027 531 2964
pcrean@pggwrightson.co.nz
MARK CLYNE
236 Hurunui Mouth Road
Multipurpose Farm / Dairy Support
'Tuni Farm' is a multipurpose property with a history of sheep and beef production, cropping and dairy support. Situated in the highly regarded farming area just 10km south of Cheviot, this versatile property offers a variety of agricultural options for the discerning purchaser. Comprising 125 hectares, the property features a mix of flat terrain with some easy rolling areas. Farm infrastructure is of a high standard and includes a reliable stock water supply system, a high standard of fencing, and an extensive range of outbuildings. Complementing the property is a three bedroom weatherboard home that has recently undergone some renovations.
Price by Negotiation Plus GST (if any)
pggwre.co.nz/CHR37429
Video Available pcrean@pggwrightson.co.nz
MARK
359 Hurunui Mouth Road
A Versatile Canvas with Irrigation
'Cranlea' is an aesthetically pleasing property located 10km southeast of Cheviot. Comprising 192 hectares, this impressive property has been developed into a modern, partly irrigated cattle finishing plus dairy support property. An intelligent irrigation layout is in place, featuring three pivot irrigators covering approximately 40ha and a modern fixed grid system spanning approximately 20ha. Impressive farm infrastructure includes a fourbay implement shed, woolshed, hay shed, cattle yards, and small sheep yards. Wellappointed home features four bedrooms, including two master bedrooms with en suites.
Offers Over $4.699M Plus GST (if any)
pggwre.co.nz/CHR37430
Video Available
MARK
GRETAVALLEY,CANTERBURY
624 Greta Road
Cropping or Finishing
‘Springlea’ is an attractive and often admired 137.6722ha property which has been planted with exotic and native specimen trees. Recent farming practices include almost an entirely arable production but with its rich deep soils it is equally suited to its traditional farming base of breeding and finishing. The large four bedroom home has been transformed with a complete renovation and extension and is situated in a private setting down a tree-lined driveway. There are also several quality farm buildings. As a special feature the farm includes an approximate 4.9630ha QEII Covenant area. This special property offers multiple farming options.
(if any) pggwre.co.nz/CHR38222
WAIKARI,CANTERBURY
859 Waikari Valley Road
Ideal First Farm or Lifestyle Property
Set in a secluded location, this well-appointed 20.7819 hectare larger lifestyle property has superb views over the Waikari Valley. This attractive property will appeal to a multitude of potential purchasers with a modernised home and extensive outbuildings. The renovated weatherboard home is situated within a large, sheltered garden with sweeping lawns and mature English trees. It enjoys a north-facing, covered verandah which is an ideal spot to take in the extensive views. Inside, an inviting open-plan kitchen, dining, and living area is ideal for modern family living and entertaining.
$1.3M GST Inclusive pggwre.co.nz/RAN39972
MARK
PROACTIVE PLANNING KEY TO SUCCESS
When offering professional advice, I frequently turn up at the kitchen table of a farmer tired of searching for answers to questions he or she perceives as overwhelming. When my client’s main driver is to protect their life’s work, maybe over more than one generation, my role as a rural professional is to help bring hope and empathy, not to be the bedfellow of misery. While that never involves taking them on a fairy-chasing mission, unless I can bring hope and realism, I will not provide a convincing case to do anything.
My advice always centres around owning the challenges: look at the options around you and work out how to improve the potential outcomes. Sometimes, that may include selling the farm, but without a plan you are simply reacting.
With payout levels aligning with expectations, the 2024 spring brings a degree of confidence for the dairy industry. Since 2017 dairy farmers have focused on reducing debt, and although costs have significantly increased, businesses with stable foundations may now have the capacity to expand.
Those with strong balance sheets and sound operational models will take advantage of this environment. They tend to focus particularly on opportunities for succession, productivity
improvements and land use change. Whereas a few years ago corporate investment was the dairy property market’s main driver, we are now entering an era where the focus has shifted to the expansion of family businesses. Prospective farm purchasers are driven by improvements, water and an operating system able to be picked up and implemented by the incoming operator.
In these circumstances, vendors of dairy property need to ensure that any farm they put in the shop window is at its best and can be documented as such.
Although the dairy sector has grounds for optimism, up the road in sheep and beef farming liquidity is much more elusive. A significant number of farmers are finding it challenging, with financial constraints tighter than we have seen in the last 20 to 30 years. For example, income levels have dropped from say $180 gross income per stock unit to $130. Meanwhile, depending on locality, farm expenses have risen from $55 per stock unit to between $70 and $90. Budgeting becomes almost impossible. Although a recent shift in schedule prices and stock quantities at livestock sales might indicate that the darkest days are behind us, there is a way to go yet.
In addition to regulation, capital is the constraining factor.
Restrictions on overseas investment make reliance on traditional capital sources for liquidity for the agricultural sector problematic. Farmers need to be aware of alternative income streams and look hard at what resource consents they will need to diversify their land use. Contemplating such a change must include ensuring that you fully understand the relevant regulations. For example, can you take a traditional cattle system and start running dairy heifers? Don’t just rely on perception: research, dig deeper and check it out.
Looking further and wider, on the face of it farming operations often offer opportunities around renewable energy, including but not limited to solar, wind, and micro hydro generation.
As a country we are driving towards a carbon-free future by 2050. To achieve that, to complement existing farming systems farmers must capture and develop alternative income streams that we can generate from our land. Farmers need to be curious and open to these opportunities. Beyond renewable energy, that might also include enhancing water and soil health and carbon sequestration, particularly when this ties in with our mission as environmental custodians. How can a primary producer use those natural resources and turn that caretaking role into something that makes money?
Every farmer will find his or her own answer, as long as they remain curious and hold onto the philosophy that while the property may be doing one thing today, any number of alternatives might be possible in the future.
Since last year’s general election, several more MPs have experience of or affiliation to agriculture, and the government’s intention of doubling primary sector exports bodes well for primary producers. While they are working hard for the sector and making some positive changes, so far the government has avoided or delayed confrontation with the industry’s larger issues, including the Emissions Trading Scheme and He Waka Eke Noa (Primary Sector Climate Action Partnership). Denial will not make such challenges vanish. While regulators have a bark
regarding these issues, the markets in which we sell our primary produce will bite. We need to be mindful of consumer power and act accordingly or risk our produce’s position in international markets.
New Zealand would greatly benefit from a national food strategy we can all sign up for, linking the producer, the consumer, the environment, people and profit. This will enhance, validate and project our origin stories and the reality of New Zealand’s low carbon footprint. Can we more effectively monetise direct relationships between farmers and consumers? Will digitisation of the food production system provide an effective means of leverage?
If you are on the other side of the rural property deal, as a vendor, you need to understand that the market is not what it was three years ago. Reasons for vendors to list a farm are much the same as they have ever been: retirement, restructuring, and succession. Anyone seeking to purchase land is still looking for exceptional assets. Is your property as good as it can be to appeal to the market?
While the economic cycle hopefully poised to start swinging back to the positive, with recent improvements in market interest rates as a starter, exactly how that will manifest is something we do not yet know. Until it arrives, we never quite see the true light of dawn. The best you can do is to be proactive and prepare for it. Control the controllables and in that you’ve done your best.
Brent Love is an Enterprise Partner at KMPG, specialising in fostering long-term relationships with agriculture businesses and rural families across generations to support their success. Brent has over 30 years of experience in the agribusiness sector, originally in rural banking.
BRENT LOVE Enterprise Partner KPMG
GLASNEVIN,CANTERBURY
82 Limeloader Lane
Location, Lifestyle, and Opportunity in Glasnevin
Situated in the prime wine-growing region of Waipara, this sizeable 23.08 hectare bare land property offers a prime location with extensive views and presents a unique investment opportunity for the discerning purchaser. The property boasts good potential for irrigation development, offering seven litres per second from the Limeloader water scheme. Additionally, a recently developed well provides approximately four litres per second for domestic and stock use, with a pump shed in place. This versatile flatland property presents an exciting prospect to acquire land renowned for its free-draining soils, moderate climate, and grape production.
SEFTON,CANTERBURY
439 Lower Sefton Road
Profitable Deer Farm and Lifestyle
Well-located small deer farm located close to Sefton, Amberley, and Rangiora comprising 33.8924 hectares. It is well presented with a laneway system, providing ease of movement for machinery and livestock alike. Recent farming practices include deer breeding and velvet production. Currently, our vendors have on farm approximately 60 yearling hinds and stags, 70 mixed aged hinds with fawns plus breeding stags. The two bedroom home set in an established garden setting has been modernised over the years. Farm buildings include a two year old deer shed, four-bay implement shed plus workshop plus two hay sheds.
027 434 4002
pcrean@pggwrightson.co.nz
027 531 2964
mark.clyne@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any)
(Unless Sold Prior)
Closes 2.00pm, Thursday 31 October pggwre.co.nz/RAN38867
PETER CREAN
MARK CLYNE
OXFORD,CANTERBURY
289 Harewood Road
Modern Dairy Farm
This 144.9237 hectare property presents an exciting opportunity to acquire a high-quality, and high-producing, irrigated dairy farm. Ideally situated just 3.1km from Oxford and 53km from Christchurch, it lies within one of New Zealand's well-established dairying regions. The property boasts excellent pasture quality, a well-planned paddock subdivision and laneways, modern irrigation, reliable stock water systems, and farm infrastructure. High spec 50 bail rotary shed, with ACR’s, gas hot water, teat spray, 600 plus cow yard, and Protrack drafting. Two comfortable three-to-four bedroom homes.
027 434 4002
pcrean@pggwrightson.co.nz
027 531 2964
mark.clyne@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any)
(Unless Sold Prior) Closes 2.00pm, Thursday 31 October pggwre.co.nz/RAN39631
Video Available
PETER CREAN
MARK CLYNE
Island Road
A Perfect Starter With Spectacular Views - 24ha
Conveniently located approximately 10km from Oxford, 15km from Sheffield and 60km from Christchurch Airport finds this 24ha farmlet ideal as a start up block. Complete with a 12 aside herringbone milking shed, the property is set up for consented dairy support, calf rearing or grazing. An oversupply of sheds and buildings including a 1-stand woolshed which makes the property perfectly equipped for multiple income options. A tidy three bedroom home is ready for the next person to add their touch. This is a real opportunity to get into an affordable farmlet which is well located with good rainfall, productive soils and multiple farming uses.
Enquiries Over $1.25M Plus GST (if any)
pggwre.co.nz/ASH39309
DAN VAN DER SALM
SHEFFIELD,CANTERBURY
224 Dalethorpe Road
Desirable Dairy Farm - 189ha
189ha approximately being 151ha effective irrigated dairy farm and remainder support land, located only 5km from Sheffield and 54km to Christchurch Airport. Wintering 560 cows with improving production since conversion 7 years ago. 23/24 season achieving 243,000kg MS supplying Fonterra. Spray Irrigated via CPW (Sheffield) – fully shared. Numerous calf sheds, implement sheds, workshop and garaging. Excellent fully renovated executive homestead comprising five bedrooms plus office with all the luxuries. Separate two bedroom cottage, and a third house located on an adjoining lease block. Multi use renovated function venue, with own facilities.
pggwre.co.nz/ASH39843
GLENTUNNEL,CANTERBURY
Wairiri Road
Outstanding Summer Safe Dairy Support Property - 114ha
A beautifully presented and well developed, summer safe farm. The 114ha block is bareland and has undergone significant refencing, re-pasturing and has an excellent stock water system. This block has been faithfully farmed, with a mixture of arable (including some wheat, radish and peas), hogget grazing all year round, lamb finishing and cattle grazing including summer and winter crops for up to two-year-old beef steers. The property is consented for dairy support and allowing a maximum of 11ha intensive winter feed. Well located, within an easy hours drive of Christchurch, approximately 20 minutes to Darfield and 30 minutes to Mt Hutt.
Enquiries Over $2.6M Plus GST (if any)
pggwre.co.nz/ASH39556 Video Available
DAN VAN DER SALM
183 Davies Road and Windwhistle Road
Attention Purchasers Looking for Instant Income!
This versatile 305.3221 hectare property, with Mt Hutt as a backdrop, is offered for sale with a new 3 x 3 year lease in place with a large corporate enterprise. Sit back and enjoy your new property and leave the day-to-day farming to the new lessees. Service town of Darfield only 25km away, with Christchurch city situated approximately 65km to the east. Farm improvements include a woolshed, sheep yards, cattle yards, and an upgraded livestock water scheme. Consideration by potential purchasers looking to purchase with the new lease in place and look for capital gain later.
Considered Over $5.1M Plus GST (if any) pggwre.co.nz/CHR37762 Video Available
IRWELL,CANTERBURY
The Lake Road
Intensive Cropping / Finishing
This intensive farming property comprising 108.0558 hectares is located in a notable farming area. With the excellent irrigation water supply, the farm is able to be fully irrigated via two travelling irrigators, from two wells. Deep rich soils including Ayreburn, Salix and Pahau (formerly known as Templeton, Temukas, and Wakanui deep silt loams). Farm infrastructure includes a large grain storage shed. The sale of this property provides a unique opportunity to the most astute of purchasers to purchase an outstanding high producing cropping farm in a very tightly held area. Act now!
pcrean@pggwrightson.co.nz
Enquiries Over $4.24M Plus GST (if any)
pggwre.co.nz/CHR38427
CLANDEBOYE,SOUTHCANTERBURY
499 Rolleston Road
'Looker Farm' Tier 1 Productive Dairy Unit - 265 Hectares
A high producing well appointed dairy farm conveniently located in the Clandeboye district. Milking 900 cows with a budget of 505,000kgMS for the 2024/25 season through a 60 bail rotary shed with ACRs, Protrack, auto plant wash and in shed feeding system. An upgraded and recently commissioned two pond effluent system spread via centre pivot. Irrigation water is sourced from two bores on farm and 80 Rangitata South Limited shares with an 85,000m3 storage pond. Excellent housing with an executive style owners / managers home, two three bedroom homes and three one bedroom self-contained units.
calvin.leen@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any)
(Unless Sold Prior)
Closes 1.00pm, Thursday 24 October pggwre.co.nz/TIM40146
PLEASANTPOINT,SOUTHCANTERBURY
210 Opihi School Road
Quality Irrigated Opportunity - 125 Hectares
125ha of quality irrigated land and infrastructure located in Opihi Valley approximately five minutes from Pleasant Point. With a history of dairy support, grazing, finishing and arable farming. Approximately 107ha irrigated (79ha under two pivots and balance via k-line) with a maximum consented area of 111.9ha of irrigation. Included in the sale are 108 shares in Opuha Water Limited and nine units of Downlands water for stock and domestic use. Farm infrastructure comprises cattle yards, 4-bay implement shed and a 3-bay shed (1-bay enclosed). Substantial four bedroom home located on an elevated site overlooking the farm and mountains beyond.
calvin.leen@pggwrightson.co.nz 027 453 0950
Price by Negotiation Plus GST (if any)
pggwre.co.nz/TIM40038
CALVIN
SIMON
TIMARU,SOUTHCANTERBURY
17 Divan Road
Premier Levels Plain Irrigated Bare Land - 108 Hectares
An exceptional opportunity to purchase 108 hectares of what are considered to be some of the best irrigated soils in the Timaru District. Versatile and proven ground capable of producing consistently high yields over a wide range of crops from potatoes to pasture. The property has 106 shares in the cost effective Opuha Water Ltd Levels Plain Scheme and is irrigated via lateral and gun. Centrally located within close proximity to Timaru, Pleasant Point and Temuka providing excellent logistical advantages and cost savings. Quality land in a prime location. Call now for further information.
Price by Negotiation Plus GST (if any)
pggwre.co.nz/TIM39723
WAIMATE,SOUTHCANTERBURY
382 Ward Road and 493 Gordons Valley Road
Dairy Support Opportunity with Purchase Options* - 589ha
An exceptional opportunity to purchase a large scale proven dairy support property that has been successfully wintering cows and young stock. Currently in permanent pasture and lucerne with kale and fodder beet to be sown for the winter of 2025. Excellent infrastructure with two quality homes, substantial cattle yards, stock handling facilities and a good array of shedding and support buildings. Secure your wintering and grazing requirements allowing for full in-house stock management, control and security all year round.
*Purchase options: Option 1: Entire property 589ha. Option 2: 'Ridgedale 1' - 205ha. Option 3: 'Ridgedale 2' - 383ha.
Deadline Private Treaty Plus GST (if any) (Unless Sold Prior)
Closes 1.00pm, Wednesday 30 October pggwre.co.nz/TIM40209
MARKET CONDITIONS
SUIT VENDOR FINANCING
In today’s rural property market, high interest rates, tightened credit conditions, and a surplus of properties for sale create a favourable environment for vendor finance. This arrangement, where the seller extends credit to the buyer by “leaving some money in” the property, can help both parties achieve a sale when conventional financing is harder to secure. Vendor finance, which offers a flexible alternative to traditional loans, is gaining renewed relevance in the current market conditions.
Vendor finance involves the seller financing part of the purchase, allowing the buyer to close the deal when traditional loans are either unavailable or insufficient. It can be especially appealing in tight credit markets, where stricter lending criteria from banks limit buyers’ options. Sellers can offer more flexible terms, attracting a wider pool of potential buyers, including those with irregular income or less-than-perfect credit.
“As banks tighten their books on lending, vendor finance is re-emerging,” says Martin Lee, a Cambridge-based Rural Real Estate Consultant with PGG Wrightson Real Estate. He adds,
“Particularly mature vendors who understand vendor finance, having experienced it in the past, are more open to the idea.”
Current rural property market conditions, with more properties listed than motivated buyers, create a buyer’s market. This gives buyers leverage, and properties often sit on the market longer. Vendor finance can make a property stand out by simplifying the buying process. Offering flexible payment options could expedite the sale by reducing barriers for buyers and making the deal more appealing.
John Duder, Northland Sales Manager for PGG Wrightson Real Estate, highlights that for vendors, “If offering vendor finance helps achieve the sale, and they are comfortable with the risk, the interest rate is normally better than what they’ll get on a term deposit at the bank.”
One key advantage of vendor finance is the ability to negotiate terms that suit both parties. Buyers and sellers can directly negotiate payment schedules, interest rates, and deposit
amounts, which can be especially helpful for buyers struggling to meet conventional lending requirements. Terms are often more flexible than those set by a bank.
“Some older farmers will offer vendor finance, particularly for a young person they take a shine to,” says Paul Harper, Lower North Island Real Estate Manager at PGG Wrightson Real Estate. He explains, “For young buyers with limited equity, vendor finance can be a small part of a larger deal.”
However, vendor finance comes with risks for both the buyer and the seller. For the seller, the primary concern is that the buyer may default on payments. In such cases, the seller might have to foreclose on the property, which can be costly and timeconsuming. If the property’s value decreases after the sale, the seller could suffer a financial loss. Additionally, if interest rates rise, sellers might miss out on higher returns from other investments.
On the buyer’s side, vendor financing usually comes with higher interest rates and shorter loan terms compared to traditional bank loans. This can create added financial pressure, particularly if a significant payment is due at the end of the term. Buyers might also face fewer legal protections than they would with a traditional mortgage, increasing the complexity of any disputes.
“As a salesperson, you don’t want to put your vendor in a difficult position, so some direct questions need to be asked for the purchaser to prove they are worth backing,” adds Lee. “There is a measure of risk that the vendor must accept.”
Both parties need to take precautions to reduce risks. For sellers, conducting thorough due diligence on the buyer, including credit checks and requiring a substantial deposit, can help safeguard the investment. Sellers should also have a solid legal agreement in place and monitor the buyer’s adherence to the terms.
For buyers, it’s essential to conduct thorough due diligence on the property and the seller. Buyers should engage legal, accounting, and banking professionals to ensure that the financing agreement is sound and all terms are clearly understood.
“Vendor finance is best secured with a first mortgage, which has no risk,” advises Peter Crean, Canterbury/West Coast Real Estate Manager at PGG Wrightson Real Estate. “If it’s a second mortgage, it’s a bigger risk, and you’ll need more information about their credit history.”
Despite the risks, vendor finance can present a win-win solution for both buyers and sellers in today’s rural property market. Sellers benefit from a larger pool of potential buyers and a faster sale, while buyers can secure flexible financing that may be difficult to obtain through traditional lenders.
Brent Irving, Otago-based Rural Real Estate Consultant with PGG Wrightson Real Estate, sums it up: “Vendor finance can help secure a deal if everything else lines up, but it needs to be understood by all parties involved, with professional advisors, and importantly, the bank, in the conversation.”
WAIHAODOWNS,SOUTHCANTERBURY
156 Elephant Hill Back Road
Dairy Support - 196 Hectares
A dairy support block for the last 20 years, this well thought out property has 37 main paddocks easily accessible via a U-shaped central lane. Consistently wintering up to 600 dairy cows in addition to young stock and beef cattle using a variety of kale and fodder beet. Historically lucerne, oats and grazing maize have all grown well. Water from the Waikakahi Scheme. Two 4-bay pole sheds, haybarn, two silage bunkers and cattle yards all have good access. The three bedroom Summerhill stone homestead has two living areas. For the right purchaser, lease-to-buy or finance options may be available from my exceptional vendors.
lyz.palmer@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/TIM37994
LYZ PALMER
OAMARU,NORTHOTAGO
Tilverstowe Road
Environmental Leading Dairy & Arable Enterprise
An efficient, environmentally sustainable 178ha arable and dairy enterprise designed for all year-round milking with the ability to attract a premium winter milk contract. Milking 450 cows with a budgeted production of 280,000kg MS and a spring herd 270 cows. Two 225 free-stall HerdHomes provide comfortable living with covered feed pads. 2014 built 40 aside Herringbone shed with ACR. Irrigated via pivot, gun and sprinklers. Majority of inputs grown on farm. Excellent ancillary buildings, grain storage, weigh bridge complex and three homes. Option to vary the current system to a conventional system should a new owner choose to do so.
027 453 0950 CALVIN
calvin.leen@pggwrightson.co.nz
027 457 0710 JOHN
john.sinnamon@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/TIM38857
TOKARAHI,NORTHOTAGO
Tokarahi-Tapui Road
Bare Land, Grazing, Finishing, Arable
Located 32km west of Oamaru this 80ha block is being sold off the Vendors adjoining land holding. Altitude falls predominantly within the 300m ASL to 320m ASL, with contour being a mix of good arable flat country with an undulating aspect and a portion of mild to steeper land. The property is sub-divided into 11 paddocks under conventional fencing together with some shelter belt plantings and one unit of water ex the Tokarahi Community Water Scheme (two holding tanks). There are several great building sites and Vendor would consider options of the lease of part or parts thereof of their remaining property.
JOHN SINNAMON
027 457 0710
john.sinnamon@pggwrightson.co.nz
KINGAN
027 229 5046
barry.kingan@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any) (Unless Sold Prior)
Closes 2.00pm, Thursday 24 October pggwre.co.nz/OAM40249
BARRY
TAPUI,NORTHOTAGO
138 Tapui Homestead Road
Tapui Hills - Clean Healthy Stock Property
This 253 hectare property is just 22km southwest of Oamaru. With a four bedroom dwelling, garage, separate workshop, shed and cattle yards. The property offers gentle to steeper rolling contours, arable flat tops, gullies and tree plantations. It is well fenced with good sheep fencing and provision for electrics, 16 main paddocks, two centrally located sets of satellite sheep yards and six units of water from the Tokarahi Scheme with gravity-fed troughs. The access track and dry weather loop track ensure ease of stock movement.
david.heffernan@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/OAM40222
DAVE
TAPUI,NORTHOTAGO
148 Tapui Homestead Road
Big Yellow
Big Yellow is 97.9ha in size 22km inland from Oamaru. The four bedroom roughcast home sits on a slightly elevated site at the entrance to the property. Single garage, storage shed, two bay pole shed, three stand woolshed and covered yards (calf rearing), sheep and cattle yards. Flat to gentle to steeper rolling contour with arable tops broken by gullies, Claremont hill soils with cover of established/new grass pasture and green feed crops on arable paddocks. The property has five units of water from Tokarahi Water Supply, a good standard of fencing with deer fencing along the southern boundary and access tracks throughout the property.
027 229 5046
barry.kingan@pggwrightson.co.nz
$1.449M Plus GST (if any)
pggwre.co.nz/OAM39243
BARRY KINGAN
OAMARU,NORTHOTAGO
1121 The Dasher Road
'The Dasher' Station Preliminary Notice of Sale - 6,298ha
Coming to the market early November is The Dasher, a substantial land holding in the heart of North Otago less than 35km from Oamaru. Approximately 6,224ha is Crown Leasehold, on a perpetual 33 year Lease and 74ha is Freehold on a separate title. The Dasher is a tier 1 breeding and finishing property, wintering over 13,000 SU (sheep and beef), summer safe, extensively developed and improved over the past 12 years with further upside still possible. Given the scale and the significant quality improvements, the breathtaking scenery and multiple possible future land uses, this property is one to be considered. Call to register your interest.
Deadline Private Treaty
pggwre.co.nz/ASH40206
‘HEART STEALING’ HIGH COUNTRY
A‘once in a lifetime’ North Otago high country holding is for sale.
Settled in 1919, The Dasher Station is a 6300-hectare
pastoral lease property at Kauru Hill, Maraeweka, 34 kilometres west of Oamaru on the eastern end of the Kakanui Range: the border between North Otago and Central Otago. Charlotte and Grant McNaughton have held the property since 2012, which Grant says has been a privilege.
“We were married three months after we bought The Dasher. Owning a property like this, farming it and being surrounded by its incredible potential has a unique ability to steal a piece of your heart. Now it’s time for somebody else to enjoy that, and to take
their turn growing on what’s been done before.
“We have huge respect for the forebears and the farmers who came before us, who have done the hard work. However, with a property such as The Dasher you also need to think ahead for the next 100 years.
“We’ve worked hard on incremental improvements. We put in around 30 kilometres of fencing, around 60 kilometres of new tracks, and a significant capital fertiliser regime, optimising nutrients on the paddocks, as well as re-grassing and introducing new animal genetics to capture the improvements,” he says.
Improvements made by the McNaughtons have increased productivity from around 7000 stock units wintered when they took over to approximately 13,000 now, comprising 8150 sheep and up to 970 cattle. The property has a 175 hectare deer block. Six kilometres of new deer fencing has been added, meaning a new owner will have the scope to add another 6.5 kilometres of deer fencing, which would effectively increase the deer block to 1000 hectares.
Grant and Charlotte enjoy tracking their progress by looking back at old photos.
“It’s great to see where The Dasher Station is now compared to where it’s come from. As well as increasing the capacity of the farm, we are proud to have taken out all the wilding pines from the back 2000 hectares of the property, and of having one of the cleanest rivers in all of Otago running through the centre of the property, the Kauru River, which is the unique habitat of the lowland longjaw galaxias. This country used to be mountain beech and Totara, and we take plenty of pleasure from retaining and restoring pockets of that around the farm, with large tracts of native bush present on the property.”
He says being such a strong property allows it to be economically viable and has enabled them to do the best by the environment, keeping the farm in balance.
“Farming is a long-term game, and at the end of the day the land is our only resource, so we must look after it and work within its limitations, to keep it viable for our own and the next generations.”
Ranging from 350 metres above sea level, with the homestead at 540 metres and the highest point of the farm at 1425 metres above sea level, on a clear day The Dasher commands spectacular views to Mount Cook, the Remarkables, and the Port of Otago.
Charlotte and Grant have engaged Dan van der Salm of PGG Wrightson Real Estate to offer The Dasher Station to the market. Comprising two blocks, the main 6224-hectare block on a Crown Perpetual Lease is complemented by a 74 hectare freehold block one kilometre away. With rainfall between 800 and 1200 millimetres, The Dasher Station qualifies as summer safe, with a mix of heavy fertile and free draining soils.
When they move on, the views and the mesmerising landscape is what the McNaughtons will miss most about The Dasher.
“We love the place. It’s at the end of the road, and it’s beautiful: an outstanding property that has provided us with a great lifestyle and income. Saying goodbye will be difficult.”
DAN VAN DER SALM
Rural & Lifestyle Sales Consultant
021 918 233
ALEXANDRA,CENTRALOTAGO
1109 Little Valley Road
Matangi Station
Total Land Area 11,355.88714 hectares (Leasehold and Freehold). The iconic Matangi Station has been in the Sanders family ownership for 100 years and managed by the fourth generation. A world-renowned merino wool clip, a largescale property stretching some 27km from the outskirts of Alexandra with a mountain bike park, all provide so many options for a discerning buyer.
Matangi Station runs Hereford beef cows, replacements, commercial and stud Merino ewes and rams. For years, a large part of the wool clip has been sold to high end Italian wool spinners. Improvements include two houses, shearers quarters, a four-stand woolshed/covered yards
brent.irving@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN38219
LAUDER,CENTRALOTAGO
411 Muddy Creek Road
Dairy Support With Options in Central Otago
536.6ha property running dairy support, sheep and beef providing a range of income streams. Improvements include a comfortable four-bedroom home, with a sleep-out, a three-stand woolshed, four-bay implement shed, four-bay hay shed and two sets of cattle yards, one newly built by Te Pari.The irrigation is predominately applied via flood and k-line irrigation with three water rights including five heads of water supported by three dams on farm. Available to the new owner are plans to develop pivots on the property.
Option 1 536.6ha - Entire property
Option 2 305.6ha - $4.35M plus GST (if any)
Option 3 230.9ha - $2.8M plus GST (if any) 4 2 3
Enquiries Over $7.15M Plus GST (if any)
CROMWELL,CENTRALOTAGO
80 Heaney Road
Exclusive 66ha Retreat With Subdivision Potential
Discover the ultimate in privacy and space with this exceptional 66ha property, nestled in the serene and picturesque Lowburn area of Cromwell. Tucked away in a private location this property offers unparalleled seclusion and rural vistas, making it the perfect haven for those seeking a peaceful lifestyle only 7kms to Cromwell.
A spacious three-bedroom well-maintained home offers comfortable living with ample room for the whole family. Thoughtfully designed and built 25 years ago by the nowretiring vendors, it exudes charm and warmth. Complemented by separate garaging with self-contained accommodation.
Kurt.Snook@pggwrightson.co.nz
Deadline Private Treaty
Closes 1.00pm, Tuesday 12 November Plus GST (if any) No Prior Offers pggwre.co.nz/CRO39177
KURT SNOOK
109 Ripponvale Road
Prime
Location With Endless Possibilities
Looking for your next property with undeniable wow factor? Then look no further, welcome to 109 Ripponvale Road, conveniently just a short distance to Cromwell township. Perfect for the entrepreneurial-minded, astute buyer with boundless opportunities.
This unique bungalow-style home offers breathtaking views over the local equestrian crosscountry grounds and racecourse, promising an enduring outlook. The property features a spacious six-bedroom home set in established grounds, providing a perfect setting to enjoy all its offerings.
any)
pggwre.co.nz/CRO37099
CROMWELL
CHERRY ORCHARD OVERLOOKS RACECOURSE
When Gary and Ali Jackson bought their six-hectare property overlooking the Cromwell Racecourse in 1999, it was a bare paddock with one horse.
Both teachers, Gary teaching art and Ali science, they’d met at Cromwell College, then moved away to Southland for nine years, returning when Ali was offered job at the college in 1999. A move back fitted for their family, by now including children Kenzie and Hunter, then aged six and four. Cromwell also appealed with the couple’s growing interest in cherries.
“We weren’t the only ones. Cherries were on the rise at the time.
“We knew Cromwell was ideal for growing cherries and historically this block used to be an orchard, though by the time we came in only a few remnant plum trees were left. We were fortunate to be able to buy the property, which others were also interested in,” says Gary.
In the first year Gary planted 868 cherry trees, all by hand, with a further 800 the following year.
“We had one old tractor, and flood irrigation with no dam. That meant you would spend the whole day shifting water. To keep the birds off the fruit we rode around the orchard on a motorcycle with a shotgun. Now we have a dam with full irrigation provided through the Ripponvale Irrigation Company, several tractors, Hi-Lifts for harvest and pruning, and nets for bird protection across the whole orchard, which now numbers 3000 cherry trees.
“From then to now a world of difference has developed in cherries. Back then the cherries were small. Now, for export, they must be a two-bite experience. We grow seven varieties, with plenty of emphasis on nutrition and sweetness. We have learnt a thing or two about how to grow them. Only the tastiest, ripest, largest and crunchiest cherries pass muster.”
As well as planting the trees, they needed somewhere to live. Not shy of a challenge, the Jacksons purchased what had been the Ripponvale Hospital nurse’s accommodation, relocated, replumbed, rewired, and renovated it, adding an extension to turn it into a six-bedroom, 260m² home.
During the initial years on the orchard, Gary did some relief teaching and building, though let that go after a couple of years, when the cherries began providing an income. Ali retired from teaching in 2015, once the cherries had paid off the mortgage.
They opened their roadside store ‘Off Our Tree Cherries’ in 2002, selling their freshly picked fruit. They also offer pick-your-own, and courier deliveries nationwide, while the bulk of their cherries go to export via a local packhouse.
While seasonal work on the orchard is strenuous, particularly around harvest and with pruning during the winter months, the downtimes and their large main orchard shed presented Gary with the opportunity to build a yacht, named Huia, which took him eight years. He’s also maintained his art, specialising in print making, while Ali has developed her own art practice making felt art. They both sell their work from the orchard stall.
Now however, with Kenzie working as a hydrologist in Taupo and Hunter as an aircraft technician in Christchurch, Gary and Ali have decided to pursue their art, and their sailing, and have engaged Kurt Snook and Robin Jenkins of PGG Wrightson Real Estate, Cromwell to find a buyer for the orchard.
Kurt describes it as offering boundless opportunities.
“Location is paramount in real estate. This property stands out as an ideal opportunity for a forward-thinking buyer, or a grower looking to capitalise on the existing cherry business and explore its further potential.
“A unique bungalow-style home offers breathtaking views over the local equestrian cross-country grounds and racecourse. Neighbouring a crown lease means it will never be built out, while proximity to Cromwell opens numerous opportunities, including the potential for RSE worker accommodation, a campground for the town, or a packhouse. Further into the future, subject to suitable consenting, subdivision might also be an option,” says Kurt.
When they leave the orchard, what Gary will most miss is the peace.
“It’s so lovely and quiet, so private.”
While Huia is currently moored on Stewart Island, he and Ali eventually intend to relocate the yacht, and themselves, to Nelson.
The orchard has an asking price of $2.95 million, plus GST if any.
KURT SNOOK
Rural & Lifestyle Sales Consultant 027 256 0446
ROBIN JENKINS
Rural & Lifestyle Sales Consultant 027 224 7546
162 Smiths Road
Unique Dairy Opportunity
This 212ha dairy farm is located in the Roxburgh District and is a fantastic opportunity to purchase a well-established and tidy dairy farm in Central Otago. This traditional once-a-day milking dairy farm is milking 400 cows at peak and produces around 120,000kg MS. The property has an A2 supply contract to Mataura Valley. Dairy improvements include 41 aside Herringbone dairy shed (450 cow yard), large 2000m² covered feed pad (caters for approximately 550 cows), eight-bay calf shed, four-bay workshop/implement shed, two-bay hay barn, two tidy homes - four bedroom/two bathroom and three bedroom/two bathroom. Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN37671
027 489 4361
craig.bates@pggwrightson.co.nz
MIDDLEMARCH,OTAGO
105 Moonlight Road
Middlemarch Bare Land Opportunity
351.5909 hectares - Bare Land
Several options including 100, 200 or 351 hectares of land. The contour is a mix of gentle rolling to medium hill country. A good proportion of the 17 paddocks has been cut for hay/baleage in the past and all but one paddock has been regrassed in the past ten years. There are several potential building sites offering great views over the Strath Taieri and across to the Rock and Pillar range. Stock water is from dams. The subdivision hasn't been completed so you can have some input into what you require. An added bonus is this property has a history of dairy grazing.
Price guide $6,000 per hectare plus GST if any
rjnicolson@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN38687
GOODWOOD,EASTOTAGO
623 Palmerston-Waikouaiti Road Goodwood
A Good Life at Goodwood
67.0864ha. This very well-located property has been faithfully developed and farmed by its current owner, with all the hard work now done. Situated mid-way between Waikouaiti and Palmerston and 48km to Dunedin. A full range of improvements including a tastefully decorated two-bedroom house with third bedroom/office, a woolshed, workshop, implement/hay sheds, sheep and cattle yards. The property is well subdivided into 25 paddocks linked up via a central laneway, with the boundary all double fenced. While currently running and wintering beef cows and calves the property provides a wide range of options. Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN37749
brent.irving@pggwrightson.co.nz
MOSGIEL,OTAGO
383 Riccarton Road West
Taieri Land Opportunity
Well located 242.9342ha Taieri dairy unit, calving 640 cows, producing 316,388kg MS in the 23/24 season, with mixed-age cows and R2 heifers wintered on.
It features an array of relatively recent farm improvements, including 50-aside herringbone dairy shed with grain feeding and Pro-track, excellent calf rearing facilities and support buildings. Of particular significance are the three Herd Homes and associated concrete feed pad and feed handling area, providing excellent capability to manage through all seasons, as well as wintering-on.
A property with options and great proximity to Dunedin City.
PAUL URQUHART
027 543 7774
paul.urquhart@pggwrightson.co.nz
THOMSON
027 435 3936
pthomson@pggwrightson.co.nz
by Negotiation Plus GST (if any)
pggwre.co.nz/DUN39370
PAUL
LAWRENCE,OTAGO
355 Hunt Road
'Brooklands' - A Gold Nugget Near Lawrence
44.6687ha. This is a very well-presented property located on Hunt Road Lawrence, situated off State Highway 8. The property is currently being run as a dairy support unit, including some sheep. The dwelling is a delightful three-bedroom home with sleepout and lovely established garden with vegetable plot, currently being operated as a B&B. Other improvements include a three-stand woolshed covered yards complete with workshop. 13 paddocks with the majority having been recently regrassed, with the Tuapeka Water Scheme water supplying troughs in all paddocks and to the house. This property presents so many options for discerning buyers.
brent.irving@pggwrightson.co.nz
3 1
Enquiries Over $950,000 Plus GST (if any)
pggwre.co.nz/DUN38722
WAITAHUNAWEST,SOUTHOTAGO
1035 Waitahuna West Road
Strong Healthy Stock Country
Appealing bare land block including covered yards and cattle yard comprising 78.9417 hectares (195 acres). Run in conjunction with adjoining Harrex family farm situated at 1133 Waitahuna West Road also for sale.
This is productive healthy stock country with broad ridges and clean gully areas, well subdivided into 13 main paddocks with rural water scheme. Very good access off Waitahuna West Road and Cairn Road. An ideal size property and opportunity for neighbours to increase scale or easily run in conjunction with a nearby property considering the substantial woolshed and covered yards facility.
JASON RUTTER
027 243 1971
jrutter@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any)
(Unless Sold Prior)
Closes 12.00pm, Friday 6 December
pggwre.co.nz/BAL40017
WAITAHUNAWEST,SOUTHOTAGO
1133 Waitahuna West Road
Quality Breeding and Finishing Property
219.2789 hectares well presented sheep and beef property proudly owned and faithfully farmed by the Harrex family for more than 100 years. The property is run in conjunction with the families adjoining 79 hectare title also for sale.
This is productive healthy stock country, subdivided into 46 main paddocks including an all weather central stock lane and rural water scheme. Well appointed four bedroom family home, two stand woolshed and a full range of quality supporting farm buildings.
An opportunity to secure strong breeding and finishing country, historically renown for its consistent livestock production and summer safe location.
jrutter@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any) (Unless Sold Prior) Closes 12.00pm, Friday 6 December pggwre.co.nz/BAL40001
JASON RUTTER
Circle Hill Road
Dairy Support, Dry Stock Opportunity
100ha (subject to survey). Approximately 7km north west of Milton, easy to rolling country being used for sheep, beef, forestry and dairy support with 18 years history. Subdivided into 16 paddocks by post and wire, netting and some electric (two fences to be established).
Four units of water from the North Bruce water scheme. Good road access from Circle Hill road. Elevated building site adjacent Circle Hill road, handy to power and water. 12.5ha of trees on the property are in a forestry right till 2032 to Christopher Hayes. The property owner receives 30% of the proceeds, mainly 1997/1998 plantings. Not in the ETS.
Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN39373
464 Back Road
Grazing, Feed Supply or Lifestyle Opportunity
42.4920ha of mostly flat land 5km north of Milton, offering an ideal opportunity to add to an existing operation, whether as a grazing unit or feed supply block, or alternatively as a standalone larger lifestyle property.
Well located with two road frontages, it is divided into 11 main paddocks all in permanent pasture, being currently operated in conjunction with a neighbouring sheep farming operation, with a history also of cereal cropping capability on these quality soils. Four units of water are supplied and reticulated to paddocks. Other improvements include a two bedroom cottage, garage, shed, sheep yards and haybarn.
STONY
596 Milton Highway
CREEK,
SOUTHOTAGO
Often Admired - Now Priced!
449.6873ha. Marydale is a large scale versatile well-balanced property in the heart of South Otago. Well located being 8km north of Balclutha and 17km to Milton situated on the east side of State Highway One.
The property offers a full range of improvements including a spacious four-bedroom home, four-stand woolshed with covered yards, cattle yards, and a number of implement, storage and hay sheds. Marydale is currently operating as a finishing unit primarily fattening beef cattle and lambs for Beaumont Station, however, could be equally suited to a number of other grazing and cropping/grain options.
brent.irving@pggwrightson.co.nz
Enquiries Over $7.35M Plus GST (if any)
pggwre.co.nz/DUN39644
LOVELLSFLAT,SOUTHOTAGO
866 Lakeside Road
Outstanding Views
183.666ha. Well-located property 17km to Balclutha and a similar distance to Milton. The farm is currently supporting a number of dairy farms, grazing dairy heifers and cows, with crops break fed and baleage over the winter months. Subdivided into 20 paddocks.
Substantial four-bedroom family home built in 2010 cited on an elevated site with lovely 360-degree views looking toward the coast and across South Otago.
Option One: 183.6666ha (Total property) including all improvements.
Option Two: 180.266ha (STS) Includes woolshed, cattle yards and three-bay shed.
Option Three: 3.4ha (STS) Four bedroom house and land including three-bay shed.
HILLEND,SOUTHOTAGO
1156 and 1215 Hillend Road
Scale, Opportunity and Options
The 407.1843 hectare dairy farm is situated in Hillend, South Otago.
Option One: Run as one unit with two dairy sheds, joined by an underpass. Improvements are four houses, 54 bail rotary shed, 40 AS herringbone shed. Milking 990 cows, target for 400,000kg MS 2024/25 season over 441ha including 34ha block not for sale.
Option Two: Barnego Farm. 251.4028 hectares (subject to survey) 54 bail rotary dairy shed, two homes.
Option Three: Metherell Farm. 155.7815 hectares (STS) 40 AS herringbone shed, two homes, option to negotiate lease of circa 30 hectares.
Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN40296
HILLEND,SOUTHOTAGO
241 Hillend Road
The Complete Package
97.7714 Hectares freehold.
A well located property 9km north of Balclutha offering the complete package of tidy improvements, a well subdivided farm with a forestry component. Improvements include a sunny, comfortable five bedroom home, a three stand woolshed, seven bay implement shed (three bays new), with an array of other tractor and hay sheds, and sheep yards. The farm is subdivided into circa 30 paddocks with access from the Hillend and Cameron Roads. There are a number of shelter belts on the property along with two forestry blocks being 10.8 hectares planted in 1993, along with 9.7 hectares replanted in 2021. (Neither in ETS).
BRENT IRVING
027 457 7034
brent.irving@pggwrightson.co.nz
JASON RUTTER
027 243 1971
jrutter@pggwrightson.co.nz
5 1
$1.595M Plus GST (if any)
pggwre.co.nz/DUN37900
AWAMANGU,SOUTHOTAGO
831 Smiths Track
Bull Finishing Unit - With Purchase Options
141.2403 hectares (349 acres), available in two main titles. Old homestead and woolshed86ha. Well subdivided into 19 paddocks including hotwire. Excellent stock water supplied by the Balmoral #2 rural water scheme. Asking price $1.1M plus GST (if any).
Bare land block - 55ha. Well subdivided into six paddocks. Good stock water supplied by the Balmoral #2 rural water scheme. Asking price $725,000 plus GST (if any).
The total property has undergone a huge development phase in the last seven years. All cultivated areas have been regrassed. Access is very good off Smiths Track and internal lane system with all weather rock tracking.
jrutter@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/BAL38750
JASON RUTTER
BALCLUTHA,SOUTHOTAGO
192 Clutha Valley Road
Sheep & Dairy Support (Forestry an Option)
203.9ha (Subject to Survey)
Currently running sheep and dairy support inconjunction with neighbouring land. Located some 5km from the centre of Balclutha, this property could run as a grazing block for sheep and beef and would suit a forestry component. There could also be an option (subject to consents) to extract gravel with a seam of rock apparent on the front side of the property. The property has road frontage access from Clutha Valley Road. Subdivided into circa 32 paddocks in mainly permanent fencing. There is 8.1 hectares of 28 year old trees on the property not registered in the ETS.
brent.irving@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN38298
BRENT IRVING
TUAPEKAWEST,OTAGO
1129 Tuapeka West Road
Motivated Vendor!
76.3111ha. Located 12km from Lawrence this property is well subdivided into approximately 19 paddocks currently running (in conjunction with a neighbouring property) ewes lambing 150% to the ram. There is a small set of yards with access to stock water in the paddocks coming from four units from the Tuapeka scheme along with some ponds. Improvements include an older three-bedroom cottage (which would benefit from updating) plus a single-car shed and a four-bay hay/implement shed. This property would make an ideal add on or grazing block equally suiting someone wanting to enter farm ownership adding their touch to this well located farm.
brent.irving@pggwrightson.co.nz 027 457 7034
3 1 1
$825,000 Plus GST (if any)
pggwre.co.nz/DUN36901
TUAPEKAWEST,OTAGO
202 Kononi Road
Own Your Piece of Productive Paradise
392.7839 Hectares
"Hunter Farm" has been farmed combining a high performing sheep and cattle property, offering 65 hectares of native bush and a forestry component. The three bedroom family home with sleepout in a private sheltered garden setting, adding to this well-balanced property. Other improvements include a four stand woolshed, covered yards, a workshop, implement and hay sheds. The farm is part of ATA Regenerative and is monitored through the Ecological Observation Verification program.
brent.irving@pggwrightson.co.nz
Enquiries Over $3.4M Plus GST (if any)
pggwre.co.nz/DUN39014
BRENT IRVING
TUAPEKAWEST,OTAGO
1947 Tuapeka West Road
Strong South Otago Sheep and Beef Property
405.1311ha freehold (title available on settlement) of strong and healthy stock country. Faithfully farmed for 28 years with retirement pending. Modernised four bedroom homestead with northerly aspect surrounded by an attractive lawn and garden setting. Well maintained farm buildings include a three-stand woolshed (CCY).
Stock as at 1 July 2023 - 1968 MA ewes, 750 2-tooth ewes, 750 ewe hoggets, 50 killers + 20 rams, 96 R2 bulls, 72 R1 bulls. Subdivided into 60 main paddocks with good natural shelter plus approx 19.4ha of farm forestry. Rural water scheme and lane system support the ease of management.
jrutter@pggwrightson.co.nz
PUKEAWA,OTAGO
467 Smiths Track
Dairy Support, Finishing and Forestry
A very capable size dairy support or finishing property, being 104.21ha, located approximately 18km from Balclutha.
With a history of dairy grazing, and most recently operating as part of an adjoining dairy platform, contour ranges from gentle rolling through to some medium steeper, with forestry established on the farm areas most suitable.
A recent four bedroom brick home complements the property, along with hay/implement shed, cattle yards, and fence subdivision to 17 paddocks. Three options are offered (STS), providing the possibility to purchase with or without the homestead.
paul.urquhart@pggwrightson.co.nz
PAUL URQUHART
WHARETOA,SOUTHOTAGO
191 Chapman Road
Exceptional Lamb Finishing and Stud Sheep Operation
413.2263ha situated in the Wharetoa district, is this exceptional property faithfully farmed by the Shaw family since 1966 and home to the renown Wharetoa Genetics. An easy contoured versatile property including excellent fertility with impeccable livestock performance and production. 90 main paddocks with rural water scheme. Excellent access by county road and extensive internal lane system. Spacious four bedroom brick homestead plus a three bedroom home built in 2014. A quality finishing property extensively developed by the Shaw family who have very passionately achieved excellence in farming since owning Wharetoa farm.
jrutter@pggwrightson.co.nz 027 243 1971
Deadline Private Treaty
Plus GST (if any)
(Unless Sold Prior)
Closes 12.00pm, Friday 13 December
pggwre.co.nz/BAL39390
JASON RUTTER
CLYDEVALE,SOUTHOTAGO
59 Hadfield Road
Greenfield Self Contained Dairy Unit
278.905 hectares. Situated on Hadfield Road, 5kms to Clydevale and 30km to Balclutha. Flat to easy contour fertile country. Excellent improvements including modern spacious homestead plus two other dwellings. 50 bail rotary shed plus woolshed combined covered yards for calf rearing.
Milking 430 cows, currently 200ha effective milking platform plus 50ha allocated for wintering on rotation.
Rural water scheme plus bore for stock water and shed. Rock quarries on farm and laneways.
pthomson@pggwrightson.co.nz
Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 12.00pm, Thursday 28 November pggwre.co.nz/DUN39562
PAUL THOMSON
JASON RUTTER
2050 Caffell Road
Dairy Grazing Block Near Edievale
57.2327ha. This is a very well-located property at Edievale with the farm running between Caffell Road Edievale - Raes Junction highway. Regarded by many as a very reliable farming area the property offers a number of income streams, currently dairy support-cut and carry. Well subdivided into 19 paddocks with permanent and some electric fencing, there is a lane running through the block leading up to a set of cattle and sheep yards coming off Caffell Road. Five units of water coming from the Moa Flat water scheme. This property may suit someone looking for an investment in land. Possession date flexible.
brent.irving@pggwrightson.co.nz
Enquiries Over $925,000 Plus GST (if any)
pggwre.co.nz/DUN39428
WILDEN,WESTOTAGO
194 Wilden Runs Road
’Elgin Farm’ - Simply the Best
1,181.4255 hectares freehold.
Elgin Farm has been faithfully farmed over three generations by the Robinson family, who are now offering a highly productive, well balanced and immaculately presented property to the market. Located in the heart of West Otago which is often rated by many as one of the most reliable farming areas in Otago.
The property offers a full range of improvements including a substantial five bedroom home with two three bedroom houses, six stand woolshed, covered yards along with two implement sheds, a workshop and four haybarns There are two sets of satellite sheep and one set of cattle yards. 5 1 Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN38840
brent.irving@pggwrightson.co.nz
POMAHAKAHEADWATERS,OTAGO
1989 Aitchison Runs Road
Gem Lake Station
2,055.4102 hectares freehold.
Located at the head of the Pomahaka River in an area called McEwens Bush approximately 43km from Roxburgh this property offers genuine appeal. The vendor is motivated to include an existing lodge for hunting/fishing on their neighbouring property or there are some stunning sites to build your own.
Gem Lake Station is subdivided into larger blocks with improvements including two musters huts (one a tram car) a woolshed along with sheep and cattle yards.
Currently running sheep and beef in conjunction with the neighbouring property the vendor has offered to lease back Gem Lake Station from the new owner.
brent.irving@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN37611
SOUTH OTAGO RENOWNED SHEEP STUD
Garth and Chris Shaw farm on 413 hectares at Wharetoa in South Otago.
As well as breeding and finishing sheep commercially, they have built up Wharetoa Genetics, which sells around 300 rams per annum, and is one of the country’s most renowned studs.
After 50 years Garth and Chris still find working daily with sheep the most enjoyable part of farming, while their interactions with clients inspire their genetics business.
“We have repeat buyers coming back to our ram sale every year. They tell us about their success, how they have lifted production and profitability, which gives us a great source of pleasure, and keeps us motivated,” says Garth.
Breeding Coopworth rams, which they started in 1975, taught
them how to use performance recording to breed more profitable sheep. Aiming to breed superior genetics for greater profitability, today their 1600 ewes run in four flocks: Wharetoa maternals, a Coopworth-Texel cross; Suffolk-Texel terminals; Meatmakers, a stabilised Poll Dorset-Texel cross; and straight Texels. All their data is fully recorded on Sheep Improvement Limited.
“We aim to breed strong meat qualities into both the maternal and terminal breeds, while maintaining fertility, survival and resistance to internal parasites,” he says.
When Garth’s parents Alan and Gwen bought Wharetoa Farm in 1966 it struggled with productivity.
“Dad described it as running 1000 hungry sheep. One third of it was gorse. We’ve come a wee way since then. Dad bought a bulldozer to break it in, and the whole property has been
BALCLUTHA
cultivated two or three times since, along with intensive subdivision, a network of lanes, and water reticulation. Even when times are tight, we’d never skimp on fertiliser, and over the years we’ve continued to increase the capacity and update the covered yards, all driven by the ram business so that now when we auction rams it’s all incorporated within the purpose-built facility.”
Married in 1979, and living at Wharetoa throughout, Garth and Chris took the farm over on their own account in 1994, having farmed in partnership with Garth’s brother and parents for a few years prior. The couple share a passion for livestock, and now run a brucellosis accredited flock comprising 5500 stock units.
Wharetoa Genetics has held an on-farm two-tooth ram sale each December since 2000, selling 300-plus rams through the sale ring, all auctioned with full production data. Only the top 25 per cent of the Shaws’ rams are offered.
“We produce rams capable of breeding fast growing lambs with high meat yield. From our commercial ewes we consistently send 50 per cent of our lambs away at weaning weighing between 18.5 and 20 kilograms,” says Garth.
PGG Wrightson Livestock Genetics Representative in Otago and Southland Callum McDonald works alongside the Shaws, particularly to prepare and present their annual ram auction. He says Garth and Chris’s passion for genetics drives their success.
“They are always willing to embrace the cutting edge of technology to improve their sheep. Each year 200 to 300 people attend their ram sale, one of the largest events of its kind, where we sell their genetics to farmers throughout the country. Their expertise in and dedication to genetics rests on the standards they maintain on the farm. The performance and productivity of their stock comes from a combination of the two: high quality genetics on an outstanding farm, developed over two generations,” says Callum.
With adult children who now have families of their own living in Christchurch and Melbourne, the Shaws have decided to stop
being ‘special occasion’ grandparents and become ‘old clothes and porridge’ grandparents, prompting a difficult decision to downsize and move to Canterbury.
Jason Rutter of PGG Wrightson Real Estate, Balclutha is marketing Wharetoa Farm, which is located 41 kilometres northwest of Balclutha, 49 kilometres east of Gore, 55 kilometres west of Lawrence, and 118 kilometres west of Dunedin.
“This is an exceptional offering, extensively developed by the Shaw family who have continually and passionately striven for excellence in farming since purchasing Wharetoa Farm in 1966. Superior sheep genetics and stockmanship provide an outstanding level of livestock performance and production, making both the ram business and the commercial finishing property among the most admired in Otago. Those two sides are linked: without such a premium quality farm you would never be able to develop a business like Wharetoa Genetics, while the revenue the Shaws generate from their highly sought after rams has largely been reinvested to maintain and enhance their outstanding property.
“Attention to detail is evident in everything Garth and Chris do, which includes their family home, the Wharetoa homestead: a four-bedroom brick house built in 1968, set in a mature and lovingly managed north facing garden. Wharetoa also has a modern three-bedroom house, built in 2014 and set on a separate 2.4-hectare title, which presents various options to a new owner,” says Jason.
Presented for deadline sale, offers for either Wharetoa Farm alone, or with Wharetoa Genetics included, must be received no later than 13 December.
JASON RUTTER
Rural & Lifestyle Sales Consultant 027 243 1971
POPOTUNOA,SOUTHOTAGO
88 Bryson Road
Grazing/Supplements and Farm Forestry Potential
324.10ha. Approximately 45km from Balclutha, 50km from Gore. Situated in a wellestablished dairy farming area of South Otago is this well-balanced grazing property with a mix of mainly easy contour broad ridge country and some steep gorse areas beside the Pomahaka river. Improvements include a roughcast three-bedroom family home in average condition, large three stand woolshed with combined covered yards. Cattle yards, implement and hay sheds. Private water scheme including 40mm main line. An opportunity to secure your feed supply / winter grazing management and progressively realise the full potential of this good size support block.
JASON RUTTER
027 243 1971
jrutter@pggwrightson.co.nz
AYSON
027 667 9601
derek.ayson@pggwrightson.co.nz
$3.2M Plus GST (if any)
pggwre.co.nz/BAL40139
DEREK
CLINTON,SOUTHOTAGO
466 Taumata Road, Ashley Downs
Versatile Finishing Property
374.1916 hectares (924.6 acres) four titles. Available to purchase total property or individual titles.
Option two: 236.43 hectare block including a substantial family home, a modern second three-bedroom home and woolshed combined covered yards.
Option three: Old Homestead block comprising 137.7616 hectares strong finishing country. This is low altitude easy contoured fertile land predominantly utilised as livestock trading/lamb finishing, also well suited to arable and cut and carry use. PGG Wrightson are privileged to offer for genuine sale this outstanding property proudly owned by the Carruthers family for more than 116 years.
027 457 7034
brent.irving@pggwrightson.co.nz
027 243 1971
jrutter@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any)
(Unless Sold Prior)
Closes 12.00pm, Wednesday 27 November pggwre.co.nz/DUN39998
BRENT IRVING
JASON RUTTER
OWAKAVALLEY,SOUTHOTAGO
139 Morris Saddle Road
Skyeburn Farm
812.4648ha. This well presented property is a credit to our vendors, having been faithfully farmed and developed into a well-balanced productive, aesthetically attractive sheep and beef unit. Averaging 6,000 stock units over the past five years, with production lifting as the property is further developed. Skyeburn is located in the sort after Owaka Valley 8.5km to Owaka and 39km to Balclutha. A full range of well maintained improvements, including a comfortable three bedroom home with a studio, a four stand woolshed covered yards, a new five bay implement/workshop and an array of other sheds, satellite sheep yards along with cattle yards. 3 1 Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN38290
brent.irving@pggwrightson.co.nz
TEANAU,SOUTHLAND
Talbot Road
Premium Fiordland Deer or Grazing Unit
This incredible grazing unit is set on 267.7ha (660 acres) and has excellent quality deer fencing across the whole farm. It is mostly flat with a gentle rolling contour with some moderate hills. The unit contains 34 paddocks with a good cropping and re-grassing history and there are superior wide lanes throughout.
The unit has a large, well-equipped deer shed and stock handling, as well as a previous grazing history. There are numerous large sheds and workshops which are set up for contracting and a tidy three-bedroom home with an office. This is a truly unique opportunity bordering the Whitestone River.
TEANAU,SOUTHLAND
591 Kakapo Road
Country Living in Fiordland
Discover country living at its finest! This spacious residence offers modern amenities and breathtaking views. The open plan living area, warmed by a wood burner, seamlessly flows into a formal dining area and separate living room with a captivating open fireplace. Three double bedrooms with wardrobes, a large family bathroom, and a separate shower room provide comfort and convenience.
The property features a near-new 15x10m workshop, a four-bay double-depth implement shed, and an older deer shed with sheep handling facilities. Set on 33 hectares (82 acres), enjoying almost 360-degree views of the Fiordland and Takitimu Mountains.
027 431 6533
nrobertson@pggwrightson.co.nz
Enquiries Over $1.55M Plus GST (if any)
pggwre.co.nz/TAN38660
Video Available
TUATAPERE,SOUTHLAND
304 Lillburn Valley Road
Grazing and Fattening Opportunity
Sprawling 352 hectares (870 acres), a good balance of free-draining flats and summer safe hill blocks, located only 17km to Tuatapere, and easy drive to Te Anau and Invercargill.
Improvements include a sheltered north-facing four bedroom family home with double garage renovated 2013, two woolsheds and covered yards, cattle yards, a range of other implement sheds and haybarns.
Wintering 2023 - 1700 ewes, 400 hoggets, 230 dairy heifers, some beef R2s. Recent history of dairy grazing on flat paddocks. Consent to extract gravel until 2028.
027 431 6533
nrobertson@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/TAN37889
TUATAPERE,SOUTHLAND
925 Main Coast Road
The Wilds of Fiordland
This unique property boundaries the south coast of Fiordland making it remote and isolated. Access is limited to this freehold bush-clad location with some of the bush having never been touched.
The property comprises 56.65 hectares of freehold land. A paradise for the hunter/gatherer or nature lover.
Contract sole agents today for further information.
Enquiries Over $750,000 pggwre.co.nz/TAN39180
ATHOL,SOUTHLAND
62 Quoich Station Road
Glenquoich Station
A magnificent 2000ha high country sheep and beef station situated right behind the Athol township in Northern Southland.
Comprising of a mix of fertile flat paddocks to native tussock hill blocks, with approximately 900 hectares cultivatable, some of this growing Lucerne. Wintering 400 dairy cows adds to the property’s diversification. A five bedroom 1940s art-deco homestead, set in an established garden setting, has been tastefully modernised in-keeping with the era, plus a comfortable second three bedroom dwelling. Being centrally located, it is only a short drive to the popular tourist destination of Queenstown, or south to Invercargill.
DEREK AYSON
027 667 9601
derek.ayson@pggwrightson.co.nz
027 434 7636 ANDREW PATTERSON
apatterson@pggwrightson.co.nz
Tender
Plus GST (if any)
Closes 12.00pm, Friday 15 November 2024
PGG Wrightson Real Estate, 46 Medway Street, Gore
pggwre.co.nz/GOR39509
SOUTHLAND HILL COUNTRY DIVERSITY AND SCALE
ANorthern Southland hill country sheep and beef station, offering scale and excellent presentation, is for sale.
Situated adjacent to Athol township, 31 kilometres north of Lumsden and 70 kilometres south of Queenstown, 2000-hectare Glenquoich Station has been in the hands of Mark and Gillian Evans since 2004. Mark says it has been a pleasure to farm.
“We have worked steadily to realise the farm’s potential. When we took over our immediate priority was fencing. We have built around 60 kilometres of new fencing, taking the station from just 35 paddocks and blocks with no water troughs, to 123 paddocks and blocks, and turning hill blocks in grass paddocks. We installed
approximately 42 kilometres of farm tracks for better safe access around the farm, and put in more than 10 kilometres of novaflow drains.
“More recently we added satellite cattle and sheep yards on the far side of the property, reducing the lengths we must go to when moving mobs. We’ve also added duck ponds and fenced waterways, greatly enhancing the bird life, including pukeko, ducks, quail, and New Zealand falcon, karearea,” says Mark.
Mark’s parents Alistair and Stephnie Evans started the family association with Glenquoich Station in 1997 when they leased it, farming it in conjunction with other properties, and evolving the lease into ownership by a broader family partnership in 2004,
a few months after Mark and Gillian were married. Previously 3000 hectares, in 2011 they sold one third of Glenquoich to fund the purchase of a North Island farm for Mark’s brother Greg and sister-in-law Barb. In their time on the farm the couple have raised three daughters: Adriana 19, now studying at the University of Canterbury, Chonelle 17 at the Southern Institute of Technology in Invercargill, and Gabrielle 13 at school in Gore.
Glenquoich Station is offered for sale by Derek Ayson and Andrew Patterson of PGG Wrightson Real Estate, Southland. Derek says the property is one of the best presented in the district.
“Glenquoich Station has been expertly husbanded with particular care for its easy management and premium productivity. During their tenure Mark and Gillian have sustainably and substantially increased the farm’s carrying capacity so that it now winters approximately 10,000 stock units.
“Glenquoich finishes around one third of lambs bred on the station, while selling steer calves as weaners in April and heifers in the spring. In recent years wintering 400 dairy cows has helped diversify revenue.
“Sitting between 300 and 900 metres above sea level, and with annual rainfall of 800 to 850 millimetres, the property presents a mix of fertile flat paddocks to native tussock hill blocks, it has an excellent balance of grazable land, with approximately 900 hectares cultivatable, some of which is growing lucerne, while kale, swedes, turnips and moata are also rotated,” says Derek.
Glenquoich homestead is a standout feature, consistent with the property’s strong aesthetics.
“A five-bedroom 1940s art-deco residence modernised to the highest standards and in keeping with the era is a stunning showpiece home. Renovation includes rewiring, replumbing and redecorating; taking out walls and strengthening the roof to make a large new open plan kitchen; extensively upgrading the heating; refurbishment of the interior rimu features; and the installation of double glazing and insulation. This classic homestead is set in a large established garden that has similarly received new life from Mark and Gillian, including a new rock wall constructed around the house and garden using schist sourced on farm,” says Derek.
Glenquoich Station has three separate sets of flats, including the free draining river flat, a heavier clay summer safe flat, and one in between.
Mark enjoys hunting on the farm.
“We have several patches of native bush, harbouring a few deer and pigs. Being able to go out hunting just because you can is a great bonus with the property.”
Others will also relish the chance to fish for trout in Eyre Creek, which adjoins the property, or the nearby Mataura River. Such recreational opportunities, alongside the Around the Mountains Cycle Trail, which goes through Athol, present as an additional revenue stream, possibly achievable via Glenquoich Station’s three-bedroom brick and roughcast cottage, also recently refurbished.
In addition, the Evans have documented the property’s eligibility for carbon credits, while the development of the 750 lot Kingston Village subdivision 30 kilometres north, and Meridian Energy’s White Hill wind farm, near Mossburn and in sight of Glenquoich Station, suggest other potential future revenue streams.
ANDREW PATTERSON
Rural & Lifestyle Sales Consultant 027 434 7636
DEREK AYSON
Rural & Lifestyle Sales Consultant 027 667 9601
pggwre.co.nz/GOR39509
KINGSTONCROSSING,SOUTHLAND
20 Longridge Village Road
Northern Southland Dairy Farm with Scale
PGG Wrightson are proud to bring to the market, Dale Dairies.
This 379ha quality dairy farm is sure to impress! Milking approximately 600 to 650 Friesian Cross cows through a 55 bail rotary shed, this property has room to expand as it is consented for 750 cows to May 2032. Being well subdivided, plenty of stock water, numerous tree plantings plus an excellent range of farm improvements, makes this a very attractive property. Four modernised dwellings provide plenty of comfortable accommodation for owners and staff.
derek.ayson@pggwrightson.co.nz
Enquiries Over $12.99M Plus GST (if any)
pggwre.co.nz/GOR40118
DEREK AYSON
CHATTONNORTH,SOUTHLAND
192 Nicholson Road
Ideal First Farm or Excellent Addition
Being of mainly flat to rolling contour and suitable for numerous farming options, makes this 82ha property very desirable and worthy of any inspection.
A solid brick and roughcast, four bedroom, modernised family home, sits on a well sheltered, north facing, elevated site overlooking the property. Farm improvements include a two stand woolshed with covered yards (600NP), cattle yards, three bay haybarn, three bay implement shed, central rock track, numerous tree plantings, an excellent standard of fencing, and ample stock water. An added bonus is the consented rock quarry located on the property.
027 667 9601
derek.ayson@pggwrightson.co.nz
Deadline Private Treaty
Plus GST (if any)
Closes 12.00pm, Friday 1 November
PGG Wrightson Real Estate, Gore
pggwre.co.nz/GOR40150
DEREK AYSON
PUKERAU,SOUTHLAND
80 Otaria Road
Dairy Support or Excellent Addition
This well-presented 52ha dairy support property at Arthurton has very good farm infrastructure. This includes a two bay shed, partially covered cattle yards, post and wire fencing with the majority 4 wire electric, well drained, and an excellent all weather lane system. Stock water is provided by a spring fed dam, then pumped to troughs in all paddocks.
Complementing the property is a comfortable three bedroom, split level dwelling, with a large kitchen and lounge area and an internal access single garage. Heating is by a multi fuel fire, heat pump and heat transfer system.
derek.ayson@pggwrightson.co.nz
Enquiries Over $995,000 Plus GST (if any)
pggwre.co.nz/GOR38938
DEREK AYSON
GORE,SOUTHLAND
78 Waimumu Road
The Land of Milk and Opportunity
A well appointed 290ha, self contained dairy farm on the outskirts of Gore. Milking 530 to 550 Jersey Cross cows through a 50 bail De Laval rotary shed with ACRs, and in-shed individual cow feeding system. Consented for 600 cows. Numerous supporting buildings and extensive lane system. Stock water from a private water scheme. Dairy shed and dwellings are on town supply water. Complementing the property are two comfortable homes. A majority of existing partners in Waimumu Downs Ltd have indicated a willingness to retain a shareholding, providing an opportunity for equity managers and or new shareholders to invest in this proven business.
Price by Negotiation Plus GST (if any)
pggwre.co.nz/GOR40026
TETIPUA,SOUTHLAND
McGill Road
Cattle Wintering and Finishing Unit
180.3828 hectares. Productive beef finishing unit combined with dairy winter grazing currently and during the reference period. The vendor has re-grassed approximately 90% of the property in the last nine years along with the upgrading of the stock water system.
Comfortable four-bedroom homestead, five-stand curved raised board woolshed plus covered yards, cattle yards, four-bay implement shed, workshop, seven-bay haybarn, mostly rolling contour with excellent re-grassing and cattle grazing history.
apatterson@pggwrightson.co.nz
$3.8M Plus GST (if any)
pggwre.co.nz/INV37391
ANDREW
28 Range Road
Excellent Value Dairy Support
PGG Wrightson Real Estate are privileged to market this stunning 172 hectare north facing property at Ferndale, Eastern Southland.
Farm improvements include a set of cattle yards, older woolshed with sheep yards, four bay implement shed with two bays lockable and concrete floor, good central lane system, various shelter plantings, an excellent standard of fencing and very reliable private stock water scheme.
This property is in excellent heart and welcome any inspections.
Enquiries Over $2.75M Plus GST (if any)
pggwre.co.nz/GOR37818
EASTERNBUSH,SOUTHLAND
147 Mulvey Road
280ha Dairy Grazing Operation
Good scale property offering a profitable dairy grazing business with an excellent wintering history, a well improved unit with numerous farming options including cereal production plus finishing. Improvements include a four-stand raised board woolshed with covered yards, three bay workshop, four-bay implement shed, four bay hayshed, modern cattle yard complex, mostly flat to rolling contour. An excellent lane system ensures easy access for both stock and vehicles, with the bonus of two road frontages. Three bedroom modernised dwelling with an office/forth bedroom, double glazed plus an additional large studio.
apatterson@pggwrightson.co.nz
Tender Plus GST (if any) (Unless Sold Prior) Closes 1.00pm, Friday 22 November pggwre.co.nz/INV39625
MERRIVALE,SOUTHLAND
154 Fenham Road
Where Farming Meets Nature
265.5589 hectares, a well balanced property with numerous features including 130 hectares in deer fencing, a canopy of grazable native bush, fertile productive flats with a good balance of rolling to steeper hill accessed via an all weather lane to farm buildings and the homestead. The property’s outbuildings cater to a variety of needs. A three-stand RB woolshed, deer shed, and multiple storage sheds provide ample space for equipment and livestock.
Creatively modernised homestead providing a warm and tasteful modern open plan design to make you feel at home on your return after a day on the farm.
027 434 7636
apatterson@pggwrightson.co.nz
027 506 6440
ryan.laverock@pggwrightson.co.nz
$3.4M Plus GST (if any) pggwre.co.nz/INV39988
ANDREW PATTERSON
RYAN LAVEROCK
POURAKINOVALLEY,SOUTHLAND
815 Pourakino Valley Road
Eye For An Opportunity
Milking 580 cows, this attractive 314 hectare (subject to survey) dairy farm is situated in the Pourakino Valley. Consented for 650 cows until May 2035.
Flat to easy rolling contour with well drained silt loam soils providing the essential ingredients to a profitable dairy business. Three homes all to healthy homes standard and a 40 aside Herringbone cowshed. Producing up to 220,000kg MS from 550 cows on a low cost system with around 60ha in mostly native bush canopy providing excellent shelter. Currently all stock wintered on a 140ha lease property 1km from the dairy unit. Such lease could be available to approved purchasers.
apatterson@pggwrightson.co.nz
$6.8M Plus GST (if any)
pggwre.co.nz/INV37819
OTAHUTI,SOUTHLAND
Argyle Otahuti Road
Highly Regarded and Productive Unit with Options
Option 1: 133.2124ha, featuring a range of shedding including a three-stand raised board woolshed, large covered yards, deer shed, wintering shed, deer and sheep yards, good soils, flat contour, excellent lane system and water scheme, good shelter and fencing including 68ha of deer fencing. Substantial 1930s brick and roughcast three-bedroom double glazed home with internal access three car garaging. Additionally, there is a one bedroom transportable self-contained unit.
Option 2: 79.7661ha of bare land with flat to very easy rolling contour, with excellent fertiliser history, 17 paddocks with a good variety of hedges offering great shelter.
ANDREW PATTERSON
027 434 7636
apatterson@pggwrightson.co.nz
Tender Plus GST (if any) (Unless Sold Prior) Closes 1.00pm, Wednesday 27th November pggwre.co.nz/INV39119
LOCHIEL,SOUTHLAND
66 Gill Road
Dairy Support - Forest Hill
Purchasing options:
Option 1) 84.4519 hectares (STS) - milking platform, run-off and farm buildings. Central lane and excellent production history.
Option 2) 63.0677 hectares - bare-land, rolling contour, currently utilised for dairy grazing and supplements with superb views for building.
Well located property with Winton a mere 10km and Invercargill 30km. This dairy support property has grazing history within the reference period. Farm currently leased until 31 May 2025.
apatterson@pggwrightson.co.nz
Tender
Plus GST (if any) (Unless Sold Prior) Closes 1.00pm, Friday 29 November 2024 pggwre.co.nz/INV37963
WOODLANDS,SOUTHLAND
451 Woodlands Morton Mains Road
Dairy Farm with Options
Option 1 -161.6575 hectares. Located in the seldom available district of Woodlands is this tidy established unit.
Option 2 - 161.6575 hectares + an additional 62 hectares of adjoining land (across road).
Improvements include two three-bedroom homes, sleepout, two-bedroom home, 45 aside Herringbone dairy shed with ACRs - up to 450 cows milked, in-shed feeding and excellent calf sheds, adjoining concrete feed pad ideal for wet season. Excellent lanes with metal on farm. Predominantly Waikiwi soils. Flat to easy contour with easily managed layout. Situated only a short 4km from Woodlands and an easy 20km drive to Invercargill city
PAUL THOMSON
027 435 3936
pthomson@pggwrightson.co.nz
ANDREW PATTERSON
027 434 7636
apatterson@pggwrightson.co.nz
2 2
Price by Negotiation Plus GST (if any)
pggwre.co.nz/DUN39805
MATAURAISLAND,SOUTHLAND
351 Mataura Island Road
Dairy Farm with Quality Soils and Location
This well set up 86.4156 hectare dairy farm features a refurbished 24-bail milking shed with cup removers, in-shed meal and molasses feeding, walk over teat sprayer, auto drafting, making this an easy one person shed.
Four-bedroom home with expansive open plan living area, modern kitchen, separate office and large north facing covered deck.
All this along with good location and four titles opens it up to multiple options. This would be a great first farm, dairy support or cut and carry block. There is the option to be purchased as a going concern.
robin.greer@pggwrightson.co.nz
Enquiries Over $2.8M Plus GST (if any)
pggwre.co.nz/INV39348
ROBIN GREER
PINEBUSH,SOUTHLAND
539 Mataura Island Fortrose Road and 104 Oliver Road
Multiple Dairy Farm Opportunity
This fantastic dairy opportunity is situated in the reliable and productive Pine Bush area. It can be sold as one farm, as it is farmed at present or as two dairy units. This property features three good homes plus a modern single bedroom flat, 30 bail rotary and 30 aside herringbone milking sheds. Each farm has its own water supply and OCD supply number. An opportunity to purchase a property with consents to operate as a milking platform or self-contained.
Option 1: 104 Oliver Road and 539 Mataura Island Fortrose Road, 155.6861ha
Option 2: 104 Oliver Road, 85.2388ha
Option 3: 539 Mataura Island Fortrose Road, 70.4473ha
robin.greer@pggwrightson.co.nz
Price by Negotiation Plus GST (if any)
pggwre.co.nz/INV39444
ROBIN GREER
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