Newspaper Article 1981 – $11,000 an acre paid for orchard land
$11,000 an acre paid for orchard land
Slightly more than five hectares (12 acres) of orchard land on the Hastings City boundary sold for about $27,000 a hectare ($11,000 an acre) yesterday.
The property, in Norton Rd, was auctioned on behalf of Messrs S. and C. E. Royal and bought by a Hastings district orchardist who wishes to remain anonymous.
About 28 people attended the auction at the Angus Inn where bidding began at $90,000 and reached $130,000 before the property was passed in. It later sold by negotiation for $136,000.
The land was sown in lucerne last autumn and was partly drained. Its soil was mainly class 19 Kaiapo clay loam. A large farm shed was included.
[Handwritten on article –
TOORAK
COLIN]
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Subjects
Format of the original
Newspaper articleDate published
3 July 1981Publisher
The Hawke's Bay Herald-TribuneAcknowledgements
Published with permission of Hawke's Bay Today
People
- C E Royal
- S Royal
Accession number
836/1181/36397Supporters and sponsors
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