A very good runoff for a dairy farmer with good flat paddocks for cropping or hay and silage with sidelings, which are all grazable for young stock. Alongside the property of 76 acres freehold is a 40-acre Maori lease which has 6 1/2 years left to run as from the 1st June 2003. There is to be a rent review on the 1st December 2004 but at the present time the rent is approximately $13,000.00 per year GST inclusive (approximately $325.00 per acre). A further 12 acres of land backs onto the 76 acres which can be leased at $240.00 per acre plus GST. Also a further 48 acres of Maori Lease is available which combines into the side and back of these other two sections. As from 1 July 2003 the rent for this section is $13,500 per year GST inclusive. There is approximately three years to go with this lease which is renewable. A further 12 acres of freehold land backs onto the 76 acres which can be leased at $240.00 per acre plus GST.
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