Multiple income sources!
694 Mangakahia Road offers a rare chance to secure a genuine home and income property in one of Whangarei's most tightly held horticultural areas. Set on 4.4184 hectares (more or less) of fertile volcanic soil, the property combines a tidy three-bedroom home with a successful orchid growing operation and multiple income options already in place. It is ideal for buyers wanting to work from home and make a living from the land, but it also stacks up as a more hands off investment. The location is a real strength - just 30 a second drive to the popular Poroti Tavern, five minutes to Maungatapere Village, and a touch over 15 minutes to Whangarei.
Ninox Orchids is a well-established and reputable nursery that has supplied the New Zealand wholesale market and hobby growers with a variety of orchid genera for more than 10 years. Multiple high-quality greenhouses are already in place, one of which is leased for $19,800 + GST per annum, creating immediate income and flexibility. There is genuine demand for orchids in New Zealand, with room to expand as current demand exceeds supply. Supporting improvements include a large packing shed, office area, workshop space, extra shedding, three phase power, and excellent water supply from rainwater collection and two shares in the Maungatapere water scheme. The vendors have also carried out preliminary investigations into subdivision and believe it may be possible, subject to Council approval, and there is Council consent to expand operations further with another 500sqm greenhouse.
The 185sqm home is solid and comfortable, with three double bedrooms, one bathroom, separate toilet, large open plan kitchen and dining, and a separate living area. A covered back deck enjoys excellent sunsets and rural views, while the sheltered setting, tidy gardens and two car garage make it an appealing lifestyle base. Built in brick and Lockwood with aluminium joinery and a steel roof, it is a practical and low maintenance home that sits well within the wider property. For investors looking at a more passive setup, the house could also be rented, with an estimated return of around $650.00 - $700.00 per week. The blocks currently leased for growing could also be easily returned to grass for grazing if that better suited your plans.
This is a property with real flexibility - proven horticultural income, lease income already in place, possible rental return from the house, and future upside through expansion or potential subdivision. Opportunities with this many options on quality land and infrastructure do not come along often - enquire now.
Ninox Orchids is a well-established and reputable nursery that has supplied the New Zealand wholesale market and hobby growers with a variety of orchid genera for more than 10 years. Multiple high-quality greenhouses are already in place, one of which is leased for $19,800 + GST per annum, creating immediate income and flexibility. There is genuine demand for orchids in New Zealand, with room to expand as current demand exceeds supply. Supporting improvements include a large packing shed, office area, workshop space, extra shedding, three phase power, and excellent water supply from rainwater collection and two shares in the Maungatapere water scheme. The vendors have also carried out preliminary investigations into subdivision and believe it may be possible, subject to Council approval, and there is Council consent to expand operations further with another 500sqm greenhouse.
The 185sqm home is solid and comfortable, with three double bedrooms, one bathroom, separate toilet, large open plan kitchen and dining, and a separate living area. A covered back deck enjoys excellent sunsets and rural views, while the sheltered setting, tidy gardens and two car garage make it an appealing lifestyle base. Built in brick and Lockwood with aluminium joinery and a steel roof, it is a practical and low maintenance home that sits well within the wider property. For investors looking at a more passive setup, the house could also be rented, with an estimated return of around $650.00 - $700.00 per week. The blocks currently leased for growing could also be easily returned to grass for grazing if that better suited your plans.
This is a property with real flexibility - proven horticultural income, lease income already in place, possible rental return from the house, and future upside through expansion or potential subdivision. Opportunities with this many options on quality land and infrastructure do not come along often - enquire now.
Key features
Lifestyle
Set on 4.184 hectares (more or less) of fertile volcanic soil.
Dwelling details
Tidy 185sqm three-bedroom, one bathroom home.
Opportunity
Operated as a successful orchid growing operation.
Location
Location is a strength, just five minutes to Maungatapere village and just over 15 minutes to Whangarei.
Infrastructure
Infrastructure includes three greenhouses, a large packing shed and extra shedding.
Home and income
Income opportunity.
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