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1182 Luggate-Cromwell Road, Mount Pisa, Central Otago, Otago, 0 Bedrooms, 0 Bathrooms, Horticulture

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1182 Luggate-Cromwell Road, Mount Pisa, Central Otago, Otago

96476m2
HorticultureListed on Wed Jan 31
$10,337/Monthly repayments
Based on estimate value
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Cromwell UFO Cherry Orchard - Under Contract

1182 Luggate Cromwell Road is a well-developed and modern UFO cherry orchard located in the Mt Pisa region of Central Otago. With a total freehold land area of 9.6476 hectares, the property is comprised of 6 hectares of cherry trees across six different varieties to meet the market demands across the season. Meticulously developed with excellent infrastructure, this tidy orchard property is in its fourth production season and is supported by quality infrastructure in place to expand or enter the cherry industry.

Not just cherries however - this property also has a substantial area left undeveloped that is slightly raised above the orchard level offering a lifestyle development opportunity or the construction of a large shed (subject to consent).

• Total land freehold title area of 9.6476 hectares

• 6 hectares of UFO production cherries (7886 trees in total)

• 6 different varieties comprising Santina, Sandra Rose, Lapin, Sweetheart, Staccato and Sentennial

• Existing relationship with a major local packhouse for management, picking and packing

• Two Orchard Rite 3 blade Frost Fans

• Pisa Irrigation water supply with onsite storage dam

• Domestic bore with 15,000-litre storage tank with consent for 25,000 litres per day

• Potential building location for a dwelling near the domestic bore with power and water supply on hand

• 12 minutes from Cromwell town centre

This is an excellent example of a well-developed modern cherry orchard with lifestyle potential. If you are looking to get into the industry or expand you operation this is an ideal opportunity as the owner has made the decision to exit and will consider all reasonable offers.

Under Contract

Location

Estimate update: 2024 05Data Disclaimer
Low$1,685,000
Mid$1,740,000
High$1,795,000

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Council Data

Last update : 2024 05 22
Improvement value$730,000Increased by 7200% from year 2019
Land value$1,180,000Increased by 52% from year 2019
CV(Year 2022 Month 10)$1,910,000Increased by 143% from year 2019
景色
景色No appreciable view
坡度
坡度Level
土地面积
土地面积96476m²
地契编号
地契编号OT18B/212
地契类型
地契类型Freehold
法律描述
法律描述LOT 1 DP 26218
市议会
市议会Otago
产权描述
产权描述FSIM,1/1,LOT 1 DEPOSITED PLAN 26218
建筑规格
建筑规格External Walls: Unknown Roof: Unknown
建筑现况
建筑现况External Walls: Unknown Roof: Unknown

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Cromwell Primary School
12.46 km
Primary
1-6
Government
Co-Educational
EQI: 422
9

Property history

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For developers

Unitary plan:-
Land:96476m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone
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Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
4.30 km
4
205m2
Year 2024 Month 03 Day 22
$1,800,000
Council approved
4.41 km
4
2
285m2
Year 2024 Month 02 Day 09
$1,250,000
Council approved
4.60 km
4
193m2
Year 2024 Month 02 Day 08
$1,148,000
Council approved
4.55 km
1
0m2
Year 2023 Month 12 Day 18
$647,300
Council approved
4.59 km
4
154m2
Year 2023 Month 12 Day 18
$970,000
Council approved

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Ref:67027163Last update:2024-04-19 16:02:51