Diversion Road, Swannanoa, Canterbury

Here is your chance to get your hands on 76 hectares of prime irrigated Canterbury land. This block is a 21-year perpetual Ecan lease and is subdivided into 11 paddocks ranging from 5.78ha - 8.0ha.

Predominantly planted in Lucerne after having several crop rotations to clean up the weeds, the new owner of the lease will have the opportunity to reap the benefits of the vendor's hard work and foresight. Fertiliser was applied in September 2022 to 73.4 hectares costing between $740 per hectare to $825 per hectare. Soil test and fertiliser mixes available.

Fencing is predominantly deer netting with a central lane and cattle yards. The land is irrigated by two traveling gun irrigators, one of which will be available for sale.

6.5ha is subleased to Road Metals and they have formed a road to allow for the extraction of gravel from the nearby Waimakariri River.

Annual rental is $19,850 plus GST payable six months in advance. The current lease expires on 1st April 2036 with a right of renewal for a further 21 years.

Plus GST (if any)