Newspaper Article – $538,875 for 23 hectares

$583,875 for 23 hectares

An undisclosed Hawke’s Bay buyer paid $538,875 for 23.2895 hectares (57.50 acres) of bare land in Gilligan Rd, Pakowhai, at a public auction yesterday.

The land, offered in two blocks on behalf of Linmont Farm Ltd, was described as naturally fertile and suitable for a variety of intensive horticulture, berry or orcharding programmes.

One block of 11.8319 hectares (29.25 acres) sold for $10,600 an acre and the other of 11.4576 hectares (28.25 acres) went for $8100 an acre.

The auction was conducted by Wrightson NMA Ltd and was held at the DB Te Mata, Havelock North.

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Newspaper article

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About 1981

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