Outstanding rural property to transform into coastal subdivision
March 2024

Outstanding rural property to transform into coastal subdivision

An exceptional Northland rural property, subdivided to enable the establishment of a select number of spectacular coastal blocks, will be listed for sale later in the autumn in what promises to be the most significant Far North real estate offering for many years.

John Duder, Northland Sales Manager for PGG Wrightson Real Estate and his team are marketing the farm. John says its subdivision several decades ago has set up a unique development opportunity. 

“Having owned it since the mid 20th century, since when it has been a mixed use family farm, our vendors had the foresight to subdivide. Now the time has come to part with it, that decision presents new owners the chance to take the property in a new and exciting direction. 

“Approximately 100 hectares of the holding comprises a complement of coastal and beach titles, all of at least four hectares and all with viable building sites. On this part of the property, which extends along several kilometres of ocean and bay frontage, the scene is now set for what will become one of Northland’s most highly prized coastal settlements.

PE Aut 24 - Blog Mahinepua Bay - lot 20

“These are titles that tick all the most coveted boxes: bay or ocean views, beach access, seclusion, and proximity to boating facilities within easy reach of outstanding fishing and diving. Once developed these are properties that will provide a beguiling and coveted lifestyle that their owners will seek to pass down through the generations,” he says.

John Duder says the property’s unique character and multiple lots presents numerous options for sale.

“Initially we will seek expressions of interest via a tender process. While finding a single purchaser would be a good outcome, with so many separate titles the property presents plenty of alternatives. Our vendors have had this scenario in mind for many years. We want to see how the market reacts to such a unique offer, and will assess responses before deciding how to proceed,” he says.

North of Kerikeri and a few kilometres from the internationally ranked Kauri Cliffs golf course, previously the land has been in various uses, including pine plantation, native bush and pasture. Aside from the smaller coastal blocks, the offering includes several larger farm titles, all offering exceptional building sites with coastal views.

PE Aut 24 - Blog Mahinepua Bay - cottage PE Aut 24 - Blog Mahinepua Bay - top house

“Although never outstandingly prosperous, this property has some good productive country and was purchased to farm, though with one astute eye on the long-term, in the firm belief that while back then it was deemed as marginal land, Far North coastal property would eventually escalate in value. 

“The time has now arrived to sell, and while in the best possible world the vendor would opt to keep farming, economically the property now has much greater value as a coastal subdivision, providing others with the opportunity to take advantage and create an outstanding lifestyle option of a standard that will be widely coveted,” says John Duder.

More details on this property listing will be available in early April.

Explore similar articles in our most recent edition of the Property Express.

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