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We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.

- Nikki Barrett
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Hokitika - 58ha Block of Land


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RegionWest Coast
Property TypeLand
Asking Price $210,000
Trade Dollars $210,000
Cash Dollars $0
Price Notes
100% Trade
Offers on 210k
Sold Date16/11/2015
VendorCameron Owen
09 414 6837
cameron.owen@bartercard.co.nz
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Conditions
 
Bargain Opportunity. 58.47 Hectares of Land

Bring us your best offer on this block of land.

Features:
  • 58.5 ha block of land
  • Lot 2 DP 422518
  • CV (2014) $400k
  • Blue Spur Road, Hokitika, West Coast
  • Selling under mortgagee sale
This had had previously been consented for a 12 lot subdivision, for which most of the development
and earthworks had been completed over 2009 and 2010.
 
In 2010 a mining permit was granted, and since then this has been extensively mined for gold. The
permit requirement is for a maximum area of 5 hectares to be ‘mined’ at any one time. A significant
part of this land has now either been mined, or is being mined, an estimate of 23 hectares area.

As none of this area has been rehabilitated, the property is currently in a very poor state of
presentation, and bears little resemblance to its pre-mined state.
 
The Mining Minerals Permit (53214) commenced on 19 October 2011, for a term of 10 years.
 
While much of the land has been mined, the area towards the northern end remains largely in its
natural state.



For more information please contact Cameron on 09 414 6837.

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Contact Us

Cameron Owen

09 414 6837