Thompsons Road, West Melton, Canterbury

The property has the following features -
• 102.6182 hectares perpetual leasehold bare land of which approximately 14ha is in trees
• Annual rental of $9,432.96 set 01/04/2019 until next rent review in 2026
• Well-fenced into 11 paddocks with mainly post and netting
• Recently installed solar-powered stock reticulation system supplying troughs
• Modern set of covered sheep yards in a central sheltered setting
• A set of easily accessible cattle yards
• A nutrient baseline of 20kgN/loss/ha giving multiple farming options
• Extensive work has been carried out over the last 12 months including approximately 70ha being worked and leveled with $950.00/ha of fertiliser, fencing upgrade, stock water upgrade ($60K), and cattle yards extended

Since listing there has been a further $750/ha spent on fertiliser which was spread over approximately 90% of the effective area, along with 30ha approximate sown in Forge ryegrass. 20ha of oats is due to go into baleage, then this area will be drilled into rape for winter feed. A further 11ha approximate is being further developed and sown with a modern cocksfoot grass. This property is showing excellent returns from winter dairy grazing.

All the work has been done. Our vendors are motivated to move on to their next project, leaving this property surplus to requirements and the sale of this lease gives incoming purchasers the opportunity to benefit from all of their hard work.

Plus GST (if any)