Extraordinary opportunity here to purchase 61.15ha of freehold flat land within 6km of Richmond and within 14kms of Nelson Airport. This property is located between Greenacres Golf Course to the west and Best Island Residential area to the east. This prime piece of real estate has been in one family's ownership for over 50 years and now the opportunity is here for an astute investor.
The current uses of the property are fattening beef and sand and gravel extraction. A consent is in place for a third party to extract sand and gravel, providing the owners with a significant passive income. The property comprises of 58.65ha of Rural 1 zoned land and 2.5ha of Residential zoned land at its eastern end. Subdivision of the Rural 1 zoned land is permitted as a Controlled Activity with a minimum lot size of 12ha. Subdivision of the Residential zoned land is permitted as a Controlled Activity with minimum lots size of 0.1ha. Best Island is located adjacent to the very popular Rabbit Island at its western end. Many cyclists now ride the Great Taste Trail from Rabbit Island to the eastern end of Lansdowne Road, which has views across the water to Best Island.
It is currently subdivided into 30 paddocks. There are two modest dwellings, a three bay implement shed, cattle yards and former pig rearing facilities. The dwellings are situated at the back of the property enjoying seclusion, and stunning views of the estuary at their back doors.
Your chance is here now to secure this substantial land holding in a unique location, whether it be for development, farming, horticulture or land banking.
Contact the Agents for the Information Memorandum with LIM's available on request.