10 Year Lease with 7.5% Net Return
12, Sunrise Road, Upper Moutere, Upper Moutere, Tasman
- Proposed Usage
- Floor Area
- 2000.00 m²
- Land Area
- 130000.00 m²
- Property ID
Enquire about this property
FABULOUS LIFESTYLE AND INVESTMENT OPPORTUNITY!
One of Nelsons longest established vineyards is offered for sale with a 10 year initial lease in place at 7.5% of the purchase price.
Options include:Absentee Investment Option - Purchase as investment property with a lease in place back to the vendor at 7.5% of purchase price for 10 years plus rights of renewal. Would suit a passive absentee investor.Lifestyle with Income Option - Alternatively the purchaser may wish to live in the tastefully remodelled cedar homestead with a secure income from the balance of the property. This would require an appropriate rental adjustment.Holiday Residence with Investment Income Option - Simply retain use of the homestead (or cottage) as a fabulous holiday residence from which to explore our wonderful region. Appropriate rental adjustment also required.
Live amongst the vines in this fabulous location complete with mountain views or perhaps retain as a holiday residence, while the balance of the property generates rental returns for the next ten years (with rights of renewal) at commercial property type returns.
Let the tenant do the maintenance and fully manage the property while you enjoy the location and significant rent income. Tenant will be responsible for outgoings.
The asking price is based on the property's registered valuation as a productive vineyard and does not include the vendors winery and plant nor any premium for the proposed lease.
Price for land, buildings and improvements is $3,450,000.
To further investigate this unique opportunity contact Ken Montgomery or Mike Laven.