Bayleys

Mike Fraser-Jones Hamilton

Hamilton

A prime investmentWeb ID: 2310519

Newstead 386 State Highway 26

AUCTION 7 November, From 11 AM 96 Ulster Street, Hamilton (unless sold prior)

Located on Hamilton City boundary is this 35 hectare (more or less) holding. With the new expressway on-ramp close by, quick access north, south and into the city, this is definitely a prime investment. The Old family fastidiously farmed the property from 1943 with dairying and over the past 25 years has been leased as a support unit. The effective portion of the property is all flat (approximately 25 hectares) with the balance being a significant natural area in gully including a stream and covered in willow trees and natural fauna. The property is well fenced with both permanent and electric into 20 paddocks. A small area of railway lease (5050m2) is grazed along with two paddocks accessed over the infrequently used rail track. A primary school is across the road and other intensive farming operations are close by as a result of the excellent soil type. This property has the opportunity of income bearing activities which include pastoral or horticultural based as part of Hamilton's food bowl. A spacious and tidy weatherboard home, with garage, is nicely set back from the road with other building assets being older. With Hamilton being one of the fastest growing cities in New Zealand and the Waikato expanding its diversity, this property provides an ideal platform to join this growth and ensuing wealth. The location, the contour, the soil type - what more needs to be said.

Location