A large Mackenzie district hill country property sold in January firm on current values. 

In close proximity to Omarama and on the banks of the Ahuriri River at the top end of Lindis Pass, Killermont Station, along with adjacent property 394 hectare Riverview Downs, was listed for sale by Trevor Norman of PGG Wrightson Real Estate, Dunedin.

He says the 3301 hectare holding is a truly versatile farming operation.

“Presently growing grasses and crops to winter graze dairy cows and young stock, as well as making baleage and whole crop silage, many options for land use and diversification mean Killermont Station offers huge development potential.

“Killermont Station’s flats comprise approximately 2000 hectares, which have recently been extensively developed, including cultivation, re-grassing, fencing and lucerne establishment, plus construction of irrigation infrastructure, access roads and central laneways. While neighbouring Riverview Downs was in separate ownership to Killermont Station, the two properties have been farmed for several years as a single unit, and were offered for sale together.

“As well as its farming credentials, access to world class fishing in the Ahuriri River, ample wild deer on the property and proximity to five significant South Island lakes make this a prime location for multitude of recreational activities,” says Trevor.

Interest in the farms was high.

“We marketed these two properties via websites and databases, attracting considerable attention throughout New Zealand as well as from overseas.

“Given the scale of the offering, several parties were motivated to purchase parts of the property for a variety of uses.

“However, because the vendors preferred to sell as one unit, those who expressed interest in taking on Killermont Station and Riverview Downs as a single entity were considered first. A North Island-based farmer with interests in sheep, beef and dairy grazing, as well as some off-farm investment, was the successful purchaser, intending to lease out the property long term, while in the meantime exploring further development opportunities, including enhancing the irrigation system and improving pastures and crops, as well as some putting on additional infrastructure,” says Trevor.

Killermont Station and Riverview Downs sold firm on present values for South Island grazing properties.

Property Express - Out Now

Welcome to our autumn 2023 edition of PGG Wrightson Real Estate’s Property Express. From the first page to the last, this magazine is packed with premier rural properties which could be the setting for your next chapter.

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