Whangara hill country farm for sale

Glenroy Road Farm, owned by the Lane family, and home to Whangara Angus operated by Tom Sanson and Andrew Cribb on a long-term lease arrangement, is on the market for sale by tender through Bayleys. Tenders close on June 14. Picture supplied

Glenroy Road Farm at Whangara, owned by the Lane Family and home of the Whangara Angus Stud, has gone on the market with Bayleys.

The 1105-hectare property is held in multiple titles, owned by the Lane family for many years.

The agents say the property will appeal to hands-off corporate or private investors who appreciate the long-run fundamentals of owning a quality hill country station, while advancing the career of young farmers who have a passion for the land.

The property is leased to Whangara Angus, a successful bull breeding business now owned and operated by a stud farmer, and veterinarian based in Gisborne.

Tom Sanson and Andrew Cribb have a 10-year lease on the property, with a right of extension for a further 10 years.

Simon Bousfield and Stephen Thomson, Bayleys Gisborne are marketing the property by international tender closing at 4pm on Wednesday, June 14, unless sold earlier.

“This is a unique opportunity for those who have the desire and ambition to be station owners, but not to be running a farming business,” Mr Bousfield said.

“We’d expect interest from New Zealand corporate investors looking for secure returns and the ability to harness long-term capital gains, along with those seeking opportunities for the next generation — appreciating that a farm of this quality does not come to market often.

“We are also casting our net internationally as there is a chance that cashed-up expats could be looking for a secure investment in New Zealand to ultimately return to.”