Colliers Rural & Agribusiness | Recent Sales Highlights 2023/2024

2023/2024

Recent Sales Highlights

Welcome to Colliers Rural & Agribusiness.

We’re delighted to share a snapshot of our key rural property sales over the past 12 months. We represent all types of rural and agribusiness property including viticulture, horticulture, dairy, sheep and beef farms, forestry and lifestyle.

We understand there’s a legacy to our land, and that your decisions will shape its future. Our Rural Sales Advisors are on hand across New Zealand to help you profit from the best advice. Let that be your legacy.

Get in touch with one of our directors today to discuss your rural property.

James Nilsson

National Director

Rural & Agribusiness

+64 21 390 246

james.nilsson@colliers.com

Simon Clark

Managing Director Bay of Plenty / Waikato +64 21 959 710

simon.clark@colliers.com

Hadley Brown

Director | Rural & Agribusiness

Hawke’s Bay / Wairarapa +64 27 442 3539

hadley.brown@colliers.com

Mike Laven

Director | Rural & Agribusiness and Special Projects

Wellington +64 21 681 272 mike.laven@colliers.com

Andy Poswillo

Director | Rural & Agribusiness

Marlborough +64 27 420 4202

andy.poswillo@colliers.com

Shane O’Brien

Director | Rural & Agribusiness

Canterbury +64 27 471 6121

shane.obrien@colliers.com

Ruth Hodges

Director | Rural & Agribusiness

Otago/Southland +64 27 309 0334

ruth.hodges@colliers.com

Warwick Searle

Director | Rural & Agribusiness

Forestry +64 21 362 778

warwick.searle@colliers.com

FORESTRY

Hoggs Road Forest, 324 Hoggs Road, Rangiwahia, Manawatū

Sale price: $1,950,000

Transaction Date: February 2024

Hoggs Road Forest represents a great opportunity to secure a young forest, recently registered in the ETS under averaging.

The location lends itself to excellent growth as well as a good location to local and international markets.

Warwick Searle and George Cashmore Forestry

Ongarue Forest, Ongarue road, Taumarunui, Ruapehu, Manawatū-Whanganui

Sale price: $9,350,000

Transaction Date: April 2024

Ongarue Stream Forest is a mature Pinus Radiata forest on the northern side of the Pureora Forest Park.

The property is a freehold property on 288.98ha with a net stocked area of 198.3ha sequestering large volumes of carbon. The block was predominantly planted in 1998 with a smaller stand in 1993.

Warwick Searle and George Cashmore Forestry

Omakura Forest, 438 Mangamuka Road, Mangamuka Far North District

Sale price: $1,490,000

Transaction Date: July 2023

Omakura Forest is a second rotation Pinus Radiata Forest located in Omakura within the Far North District just off State Highway 1.

A majority of the property has been planted between 2015 and 2022 (163.88ha) on its second rotation. The block has a net stocked area of approximately 181.69ha planted in Pinus Radiata with the remaining crop being mid-rotation planted between 2006 and 2007 with two small stands planted in 1995 and 2000 respectively.

Warwick Searle and George Cashmore Forestry

Twin Valley Forest, Kaitaia-Awaroa Road, Herekino, Far North District

Sale price: $2,250,000

Transaction Date: April 2024

Twin Valley Forest is positioned on Kaitaia-Awaroa Road, east of the township of Herekino. Planted in 1997, the forest is near ready for harvesting, creating an excellent entry-level forest investment. The forest has been thinned and pruned with the final pruning lift to 4.8 – 6.5m. Kaitaia-Awaroa Road provides access to domestic processors and international markets.

Warwick Searle and George Cashmore Forestry

Westwood Forest, 324 Waikana Road, Winton, Southland

Sale price: $11,339,000

Transaction Date: February 2024

Located 35kms north of Winton and 68km north of Invercargil is Westwood Forest, a 359.8ha block with a Net Stocked Area (NSA) of approximately 287.6ha.

A majority of the block was planted between 1994 and 1998, including a small portion of Douglas-Fir, producing a mature/late rotation forest in the heart of Southland.

Warwick Searle and George Cashmore Forestry

HORTICULTURE

CAJ Orchards and Business, Central Otago

Sale price: $Confidential

Transaction Date: January 2024

CAJ Orchards is a massive contributor into the local community and horticulture sector, both as an employer and as a supplier and exporter, growing approximately 80 percent of the apples in Central Otago presently. Off-market, international campaign.

Ruth Hodges and Mike Eyles Otago and Southland

1739 Matapiro Road, Crownthorpe, Hastings, Hawke’s Bay

Sale price: $4,659,050 + GST

Transaction Date: November 2023

This unique property, located in the heart of the Matapiro Wine Region, offers 60ha of free-draining soils over two expansive terraces, with the lower terrace adjoining the Ngaruroro River.

Planted in mature olive trees but surrounded by vineyards, where a change of land use is being considered.

Hadley Brown and Louise Wake Hawke’s Bay

42 Borell Road, Te Puna, Western Bay of Plenty

Sale price: $2,510,000

Transaction Date: March 2024

This 2.35ha Te Puna property features an excellent Gold3 Kiwifruit orchard combined with a family friendly four-bedroom home set within mature gardens and trees. This property achieves great returns from a well-managed Gold3 Kiwifruit planting and combines the benefits of an easy-living family home.

Jeff Barbour and Brad Barbour Bay of Plenty

Dawson Cherries, 284 Cairnmuir Rd, Bannockburn, Central Otago

Sale price: $Confidential

Transaction Date: June 2024

10.31ha property and its cute, modern, lowmaintenance cottage ideally designed for holiday accommodation and/or permanent living.

Planted circa 2005, the orchard is comprised of Staccato and Sweetheart varieties with approximately 9.2ha under canopy.

Ruth Hodges and Mike Eyles Otago and Southland

Boundary line indicative only

Boundary line indicative only

Denny’s Orchard and Packhouse

Sale price: $1,660,000

Transaction Date: April 2024

Denny’s Orchard, located in the renowned Earnscleugh district, is a remarkable organic orchard that focuses on providing a wide variety of stonefruit and pipfruit. With a diverse range of fruits including cherries, apples, nectarines, apricots, greengages, peaches, and pears, the orchard offers an exceptional selection to its customers.

Ruth Hodges and Mike Eyles Otago and Southland

LIFESTYLE

122 Munro Road, Te Puna, Western Bay of Plenty

Sale price: $2,100,000

Transaction Date: September 2023

Unparalleled in Te Puna, this outstanding 13.97ha property offers the benefits of a convenient location and absolute privacy. A tree-lined sealed driveway leads to a generously proportioned 394sq m grand country villa. Enjoy panoramic views, secret bush walks, swimming in the pool, or a soak in the spa.

Jeff Barbour and Brad Barbour Bay of Plenty

1457 Chatto Creek, Springvale Road, Central Otago

Sale price: $1,850,000

Transaction Date: March 2024

So close to Alexandra, yet far enough away from the hustle and bustle, this property offers you an idyllic lifestyle amongst its established grounds and serene setting.

Expansive living is a feature of this four-bedroom, two-bathroom home as are the numerous storage sheds; all set on 17.98ha of grazing land.

Ruth Hodges and Mike Eyles Otago and Southland

1368 Maraekakaho Road, Hastings, Hawke’s Bay

Sale price: $1,600,000 + GST

Transaction Date: February 2024

This charming family home is situated on 7.6ha of land in a convenient location. Passive income is derived from the lease of the organic apple orchard and supporting buildings.

Hadley Brown and Nicky Jeffares Hawke’s Bay

19 Thomsons Ford Road, Springlands, Marlborough

Sale price: $1,175,000

Transaction Date: January 2024

6,938sq m zoned Residential 2 Greenfields providing land bank development opportunity. Four generous double bedrooms plus office with family friendly kitchen, dining, and living. Fenced into multiple paddocks for livestock, productive orchard, and vegetable garden, chook run, and pig sty.

Andy Poswillo Marlborough

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21C Highlands Drive, Waipawa, Central Hawke’s Bay

Sale price: $1,010,000 incl. GST

Transaction Date: January 2024

This stylish and comfortable four-bedroom family home set on 8,247sq m of land sits within the recently developed Highlands subdivision on the northern edge of Waipawa.

Doug Harvey Hawke’s Bay

237 Shanley Road, Crownthorpe, Hastings, Hawke’s Bay

Sale price: $1,830,000 + GST

Transaction Date: February 2024

This inviting three-bedroom plus office country home on 8.28ha (approx.) is located in a highly regarded lifestyle area. The property has prime grazing land, shedding, and an area of 3.5ha planted in mature pines.

Hadley Brown and Nicky Jeffares

Hawke’s Bay

26 School Road, Havelock North, Hawke’s Bay

Sale price: $2,540,000 + GST

Transaction Date: January 2024

This unique property on 7.8ha offers the full package with a timeless homestead designed by a renowned architect in established grounds in a prestigious location, equestrian facilities, extensive sheds, and an orchard (to be removed).

Louise Wake

Hawke’s Bay

301 Te Muna Road, Martinborough, Wairarapa

Sale price: $670,000

Transaction Date: February 2024

An attractive 8.65ha lifestyle block among premium vineyards on Te Muna Road.

Mike Laven

Marlborough

6 Baxters Road, Waipara, North Canterbury

Sale price: $957,000

Transaction Date: September 2023

Presenting an extraordinary opportunity, this immaculate five-bedroom home, constructed in 2007, offers an expansive floor plan spanning 280sq m. Boasting a breathtaking rural outlook, it is expertly designed to cater to family living and entertainment.

Mick Sidey and Sally Hargreaves Canterbury

882 State Highway 5, Tapapa, Waikato

Sale price: $840,000

Transaction Date: August 2023

This well maintained and lovingly cared for family home set on 4.32ha has seen many fun-filled summer days. Featuring four generous bedrooms and large living spaces, this home has the potential to be opened up and modernised to maximize the stunning views that surround it.

Conrad Headland and Ike Unsworth Bay of Plenty and Waikato

863 Puketitiri Road, Hastings, Hawke’s Bay

Sale price: $1,290,000 incl. GST

Transaction Date: February 2024

Elevated to reveal a stunning rural vista, this threebedroom home plus office is set on 8.3ha (approx.) and subdivided into four paddocks with stock yard facilities. A large shed located at the rear of the property provides ample storage.

Hadley Brown and Nicky Jeffares Hawke’s Bay

Dartmoor Road, Hastings, Hawke’s Bay

Sale price: $1,500,000 incl. GST

Transaction Date: September 2023

Elevated above the pristine Tūtaekurī River, the 24ha (approximately) property boasts a picturesque landscape comprising a portion of mature native bush and trees plus a small area of grazing land on an elevated terrace.

Hadley Brown Hawke’s Bay

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Boundary line indicative only

Herbert Farms, Herbert Road, Rotongaro, Waikato

Sale price: $12,600,000

Transaction Date: March 2024

437 Herbert Rd and 420 Herbert Road, totaling 358ha of land. This extraordinary opportunity has been evolving for nearly six decades and features a captivating and enigmatic castle-like structure nestled within expansive grounds, complete with a pool and a tennis court. The castle itself, constructed in the early 1980s, stands as a formidable and enduring concrete structure.

Conrad Headland Waikato

4 Larking Way, Earnscleugh, Central Otago

Sale price: $2,350,000

Transaction Date: March 2023

Substantial 3 bedroom, 2.5 bathroom home and large 3 bay shed with studio attached, set in an exclusive rural -residential subdivision.

Wes Flannery Otago and Southland

Tussock Lodge, 18 Factory Road, Waipiata, Central Otago

Sale price: $760,000

Transaction Date: April 2024

This impressive barn-style lodge is currently run as accommodation for The Otago Central Rail Trail, but it could also double as a stylish and substantial 185sq m home situated on 2.8ha, offering a beautiful rural outlook, serenity, and an exceptional lifestyle.

Helen Flintoff Otago and Southland

1 Hills Creek

Sale price: $226,000

Transaction Date: April 2024

A 2-bedroom stone cottage that has, in its past, had a thorough restoration. This property is an iconic piece of Otago.

Helen Flintoff Otago and Southland

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SHEEP and BEEF

791 Coonoor Road, Makuri, Tararua

Sale price: $5,000,000

Transaction Date: February 2024

A 687ha property, with a 2006 built four-bedroom home in the renowned Makuri district. Great infrastructure, high-performing stock units on 577ha effective area plus 33ha pines.

Jason Waterman Tararua/Wairarapa

529 Blackburn Road, Ongaonga, Central Hawke’s Bay

Sale price: $3,200,000 + GST

Transaction Date: November 2023

Totaranui is a 275ha (approximately) sheep and cattle breeding/finishing and dairy grazing property in the sought-after Ongaonga district.

Doug Harvey Hawke’s Bay

7805 State Highway 1, Ward, Marlborough

Sale price: $1,395,000

Transaction Date: December 2023

1.8km of freehold beach frontage on Marlborough’s picturesque East coast, 55km south of Blenheim via State Highway 1. Fenced into 10 paddocks and a small hut located on the beachfront.

Andy Poswillo Marlborough

519 Ashley Gorge Road, Oxford, Waimakariri, Canterbury Lease price: $Confidential

Transaction Date: February 2024

Ashley Gorge Station is one of Canterbury’s best known and well regarded farms lying at the base of the North Canterbury foothills on the south bank of the Ashley River.

Shane O’Brien

Canterbury

92 Lagoon Road, Hamurana, Rotorua

Sale price: $1,200,000

Transaction Date: May 2024

For the first time since the early 1950’s, 92 Lagoon Road, Kaharoa. This approximately 76ha property is situated at the end of Lagoon Road, about 21km from Rotorua and 46km from Tauranga. The land is divided into two titles, featuring a mixture of native bush and pasture. This property offers diverse possibilities for potential buyers and its strategic location between Rotorua and Tauranga adds to its appeal for various lifestyle pursuits and activities.

Chris Meban and Clint Brereton Waikato

205 Gimmerburn-Naseby Road, Ranfurly, Central Otago

Sale price: $1,500,000

Transaction Date: January 2024

Rectangular shaped smaller farm with small irrigation right. Older but tidy farm improvements including four-bedroom house. Substantial areas of lucerne.

Previously been on a long-term lease. Off-market sale.

Helen Flintoff and Ruth Hodges Otago and Southland

DAIRY

992 Wards Road, Kirwee, Canterbury

Sale price: $10,350,000

Transaction Date: February 2023

A 270ha Central Canterbury Farm currently utilised as a mixed cropping, lamb finishing and dairy support unit the property is irrigated from two centre pivots – a thirteen span Pierce pivot, and a ten span Valley pivot (both with corner arm and end gun) plus two Acremaster pivots and two Roto Rainers.

Mick Sidey

Canterbury

3752 Shenandoah Highway, Maruia, Tasman District

Sale price: $4,200,000

Transaction Date: February 2024

A mid-scale dairy farm with the benefits of being selfcontained for wintering. It is currently operated as a standalone operation with the flexibility to adjust the milking platform area in relation to the cost/benefit of milk price, costs, and grazing requirements.

Richard O’Sullivan and Ruth Hodges

Canterbury and Otago

157 Williams Road, Tokomaru, Horowhenua

Sale price: $2,290,000

Transaction Date: January 2024

135ha finishing support unit, with 50ha of cultivable paddocks. Five-bedroom home and well-equipped farm infrastructure, including a 22-bay calf rearing shed.

Jason Waterman Tararua/Wairarapa

321 State Highway 69, Reefton, West Coast

Sale price: $2,880,000

Transaction Date: May 2024

A 99.15ha dairy farm located 7km north of Reefton in a proven productive region. With 90ha of effective milking platform, this productive farm has been in the same family for nearly 80 years. Solid infrastructure with a modern open plan, four bedroom family home and outstanding lifestyle opportunities.

Scott Healey Nelson

/ Tasman

BARE LAND

Lot 3, Northridge Rd, Waikerikeri, Central Otago

Sale price: $460,000

Transaction Date: August 2023

Bare land block 3.2ha (subject to survey) with domestic water and power to boundary.

Otago and Southland

Lot 2, 399 Kaahu Road, Whakamaru, Waikato

Sale price: $1,750,000

Transaction Date: June 2023

This 138.97ha farm (subject to title) has been operated as part of a larger dairy operation. With 29ha consented and already planted with 21,000 trees, the balance of land is rolling to steep. It is well-located between Tokoroa and Taupō, wellknown for its forestry crops and proximity to ports.

Clint Brereton and Chris Meban Waikato

McPherson Road, Alexandra, Central Otago

Sale price: $560,000

Transaction Date: December 2023

This is a unique slice of Earnscleugh and stands as one of the last undeveloped properties in the area. It is a true blank canvas waiting for someone to build their lifestyle dream.

Ruth Hodges and Mike Eyles Otago and Southland

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VITICULTURE

1888 Maraekakaho Road, Hastings, Hawke’s Bay

Sale price: $1,000,000 + GST

Transaction Date: March 2024

This unique lifestyle and vineyard investment comprises 12ha (approximately) and is set in the renowned Bridge Pa Triangle. The 4ha vineyard is planted in Chardonnay, Syrah, and Tempranillo. Elevated above the vineyard in a prime position is a stunning building platform.

Hadley Brown Hawke’s Bay

440 Old Renwick Road, Springlands, Marlborough

Sale price: $1,265,000

Transaction Date: July 2023

Purchase of vineyard improvements and assignment of land lease. 11.46ha mixed varietal vineyard comprising of 4.28ha Sauvignon Blanc, 2.47ha Chardonnay, and 4.71ha Pinot Noir. Sold free of Grape Supply Agreements.

Andy Poswillo Marlborough

138A Bendigo Loop Rd, Bendigo, Central Otago

Sale price: $2,250,000

Transaction Date: October 2023

Operational vineyard, predominantly pinot noir located in Bendigo, Central Otago with good infrastructure.

Mike Eyles Otago and Southland

139 Mackenzies Road, Waipara, North Canterbury

Sale price: $1,010,000

Transaction Date: December 2023

The property has been expertly managed to produce quality grapes both for a successful local wine label and for a local supply contract. This would be a great addition to an existing vineyard portfolio or an outstanding investment for those looking to enter this exciting industry and enjoy a lifestyle amongst the vines.

Jeremy Gould Canterbury

HUNTING

57 Ohinereiata Road, Makuri, Tararua

Sale price: $1,250,000

Transaction Date: January 2024

544ha hunting block, with a large proportion of the land covered in pristine native bush. There is around 100ha of clear grazable land, including a wellappointed, elevated hunting hut on the property.

Jason Waterman Tararua/Wairarapa

283 Kaitieke Road, Raurimu, Ruapehu

Sale price: $1,400,000 + GST

Transaction Date: May 2024

Ringa Kaha, a secluded luxury cabin near National Park Village, offers stunning views to Mt Taranaki, Ruapehu, Tongariro and absolute tranquility. The 87.68ha property, formerly a deer farm, now serves as a grazing and hunting ground with access to Erua Forest.

Hadley Brown Hawke’s Bay

HSBC Tower, Level 23

188 Quay Street

Auckland 1010

This document has been prepared by Colliers New Zealand for advertising and general information only. Colliers New Zealand does not guarantee, warrant or represent that the information contained in this document is correct.

May 2024