3931 Galatea Road, Galatea, Whakatane, Bay of Plenty

3931 Galatea Road, Galatea, Whakatane, Bay of Plenty Large scale dairy farm

Dairy units of this size are rarely offered for sale in this locality. After 87 years of family ownership our vendors have decided to offer this special property for sale.

Approximately 348 ha (more or less) is being offered for sale encompassing 6 titles which allows for multiple purchase options. Up until this last season the farm has been milking 850-900 cows for a 3 year production average of 317,600 kg/ms (2019/20 - 2021/22 seasons)

This season has seen a change in farm practice where cow numbers have dropped to 450 and 100 ha of maize is being grown on the property. Approximately 280ha of the property is flat to gently rolling contour with the balance being made up of moderate hill country.

114 ha of the property is currently irrigated via two central pivot units. Application has been lodged to bring a further 26 ha in under a third pivot. The farm dairy is a 50 bail turnstyle rotary complete with in-shed feed system and there is an array of other farm buildings and infrastructure, including a 300 ton feed bunker. Housing is well catered for via six dwellings made up of two 4-bedroom, two 3-bedroom and two 1-bedroom units.

A unique feature of the property is the river stone quarry that operates under Regional Council extraction rules on an ongoing basis and has the potential to provide a healthy bottom line in the form of an alternative income stream.

This developing property has considerable scope for a savvy operator to exploit and should be on the "must see" list of any serious investor.

For more information: https://propertyfiles.co.nz/property/WTR117036