1147 Lumsden Dipton Highway, Dipton, Southland

Investor capital of circa $1,300,000 is required to complete the purchase of this existing dairy operation for settlement on 1st June 2023.

The property comprises 253.7177 hectares freehold and two adjoining long term leases consented for milking of 98.3 hectares and 44.5 hectares.

The dairy operation is situated on the Queenstown Invercargill Highway just North of Dipton featuring a good balance of soils and flat contour. In recent times this farm has been under 'a once a day' milking regime, milking 800 cows. The consent has been updated to a twice a day milking regime, which the purchaser will be following. This will see a lift in production. All cows are wintered on farm, with young stock wintered elsewhere.

Accommodation includes two modernised and renovated homes together with a two unit staff accommodation. The dairy shed is a 23 aside twin pit herringbone shed with a 650 cow yard and a new 800 cow consent.

145 hectares of the property is irrigated providing a more secure growing season which reflects in both production and provision of supplement.

Forecast 9.72% pre-tax return on equity, information memorandum available on request.