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Home arrow Other Coastlines arrow Whangarei Heads arrow Overseas bidders eye up $50m Kiwi paradise
Overseas bidders eye up $50m Kiwi paradise PDF Print E-mail
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Other Coastlines - Whangarei Heads
Written by Ann Newbery, The New Zealand Herald   
Monday, 14 May 2007

Bidding for Kauri Mountain Farm, located on a peninsula east of Whangarei Harbour and valued at $50 million-plus, is now open to overseas parties.

Eight hundred acres of prime Whangarei coastal land worth an estimated $50 million-plus could be carved up by foreigners - and the Green Party is not impressed.

Up for grabs is Kauri Mountain Farm, located on a peninsula east of Whangarei Harbour, with one boundary including about 5km of the famously beautiful Ocean Beach and another extending to the peaks of Mount Mania.

It has been on the New Zealand market for several months, but now owner Zack Smith, a second-generation Northland farmer whose family has owned the land for decades, has opened bidding to overseas parties.

He is asking for expressions of interest by June 29 and will consider all options for the sale of Kauri Mountain Farm, including breaking the land up, as well as joint ventures for developing the property.

Full story...

Kauri Mountain Farm website - lots of eye-candy.


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Last Updated ( Monday, 14 May 2007 )
 
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