On market

One of North Otago's landmark properties, the Moeraki Boulders Estate, is for sale with a price tag of $7 million.

It started life in 1986 as a restaurant and bar, but the 8ha property overlooking the Moeraki Boulders has been developed to include a luxury bed and breakfast, another home and storage barn.

There had already been interest in the property, mostly from overseas - some from expatriate Kiwis wanting to return home and looking for a lifestyle opportunity, LJ Hooker agent Frances Lemm said.

Barry and Patsy Johnston bought the business in 2006, and their son and daughter-in-law Scott and Sarah joined them in 2008 to operate the gift shop and cafe.

The restaurant-cafe, shaped to resemble Moeraki boulders, was built and opened in 1986 by Hampden identities Hugh and Trixie Muldrew after a long battle to get planning approval for the site.

They ran it for about five years before retiring.

It has had various owners, including Ngai Tahu.

david.bruce@odt.co.nz

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