Large Northland farm portfolio for sale

One of Northland's biggest farming portfolios, comprising seven dairy farms and three support blocks, is for sale.

The farms, totalling 3300ha, are in a cluster close to Kaikohe and carry a total of 3,900 cows.

Real estate company Bayleys said they are for sale individually, or as a portfolio by tender, closing on November 27.

Cheaper land in Northland has been attracting farmers from high-profile and relatively expensive areas such as Waikato, King Country, Taranaki and Canterbury.

Real Estate Institute figures show that there were 159 farm sales within the Northland region in the 12 months to June 2014 – the highest figure since the September quarter of 2008 and 137 percent up on the cyclical low of 67 sales recorded in the year to June 2011.

Another indicator of the current interest in the Northland market was the fact that sales continued over the winter period, which has not been typical in recent years, Bayleys director Mark Macky said in a statement.

The combined properties within this portfolio for sale are forecast to milk in excess of 1.2 million kg of milk solids this season, he said.

 

Add a Comment