Views from a section under mortgagee sale of the former
Murchison Park development near Te Anau. Photo supplied.
Seven residential blocks in Te Anau, with capital values
totalling about $2.33 million and earmarked for earlier
development in a wider subdivision, have now been put on the
market under mortgagee sale.
The plots were once labelled Te Anau's ''premier lifestyle
subdivision'', being part of the wider Murchison Park
development at the time, Bayleys Queenstown saleswoman
Stephanie McMeeken said.
The sections have elevated views over the township and
towards Fiordland National Park, and were being marketed for
sale either individually or as a single package.
''The vision for the subdivision when it was first promoted
several years ago was to create a high-quality lifestyle
environment featuring a mix of owner-occupier dwellings and
holiday homes for owners in Otago and Southland,'' Ms
There had been ''good interest'' so far in the properties,
with one under offer, and tenders closing on November 7, she
She understood it was only the second time there had been a
residential mortgagee sale in Te Anau, the first being the
105 section Delta 9 subdivision which was on 14.5ha of land,
which had sold for $1.75 million to a group of Central Otago
Te Anau's population is 1900 and is renowned for its access
to hunting, fishing, hiking and outdoors lifestyle, with the
town's primary industry being tourism operations and
Six of the sites range in size from 1416sq m to 2496sq m,
with capital values between $75,000 to $125,000 while the
remaining 43 hectares of land could be subdivided into
smaller holdings; carrying in total a capital value of $1.8
Ms McMeeken said the properties were formerly held by
Riverside Lifestyle Ltd, whose sole director was Bay of
Plenty-based property developer Robert Wickham.
The six smaller blocks all have roading and infrastructure in
place while the 43ha block is bare paddock.
Ms McMeeking said all the blocks were subdivided from a
larger original landholding, and council titles issued, but
while plans were drawn up for installation of roading,
sewerage, power and phone lines, only the first stage of
infrastructure work was undertaken.