Dairy run-off land for sale
363 Otara Rd. Photo / Supplied
A block of dairy run-off land in the Eastern Bay of Plenty is on the market.The 15.9ha freehold block, at 363 Otara Rd, 4km from Opotiki, is subdivided into 11 paddocks.
It is for sale by auction on August 28 through Bayleys Whakatane. Salesperson Rhys Mischefski said the predominantly flat block featured good drainage.
In addition to grazing cattle, the land had been used for growing maize and silage. The gravel and sandy alluvial Rangitaiki soil base delivered a high cropping tonnage and held up well when supporting cows.
Mischefski said that over the past 12 months, run-off and support block land in the Opotiki area had achieved an average sale value of $47,500 per hectare.
The rectangular-shaped block could yield fruit or vegetables. “Top of that list would be kiwifruit, as production of the crop moves down from its traditional base in and around Te Puke into the fertile soils along the coast,” Mischefski said.
“With dairy conversions now well and truly peaked, the rural productive sector is looking for the next export crop … and for the Bay of Plenty that is definitely kiwifruit, particularly with new varieties coming through.”
Power and water to the Otara Rd block comes from an adjoining landholding, with the opportunity for any new owner to formalise the arrangement, he added.