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 McMeeken said.
There had been ''good interest'' so far in the properties, with one under offer, and tenders closing on November 7, she said.
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 businessmen.
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 hospitality-related services.
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 million.
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.
