Diverse orchard investment

Foothill Orchard at 445 Ngatarawa Road is located next to State Highway 50

An orchard in one of Hawke's Bay's most productive areas is being marketed sale.

Foothill Orchard at 445 Ngatarawa Road is located next to State Highway 50 and is only 12.5km from central Hastings.

Louise Wake, of Colliers International, is marketing the 21.56ha property for sale by tender closing at 2pm on August 8.

"Foothill Orchard is available with vacant possession, making it ideal for both owner-occupiers or investors," she says.

"A three-bedroom house, set in a large section near the centre of the property, could either become your new home or a source of rental income.

"The property is in three titles of 9.57ha and two blocks of 6ha each. The multiple titles only enhance the potential."

Wake says the orchard is fully irrigated, and two wind machines provide frost protection.

Plantings including 2.36ha of Zespri Gold kiwifruit under net, 5.58ha of apples, 8.77ha of mixed summer fruit including dessert peaches, nectarines, plums and Golden Queen peaches.

The section also includes 3.55ha of bare land. The soils lend themselves to a range of horticultural options.