For Sale - $3000000

Description

Exciting absolutely pristine seafront peninsula, facing Cook Strait. Sheltered harbour and bay frontage to Port Underwood. Possible subdivision potential to 30ha lots. Planted in mature Pinus Radiata forestry "Ready to Harvest". Note, the trees could possibly pay for the block if timber log prices continue to rise. Trees only $2,000,000 + GST if any. December statistics show a further substantial rise in log, timber and pulp prices. The likelihood is there is more value in the timber, once harvested and after costs, than the price for the timber and the land.. Located in the South Island's Marlborough Sounds. Top of the island to the east bounded by Cook Strait and Pacific Ocean. Cert of Title: MB4A/436 Description - Estate in Fee Simple Section 7. Block XVII, Arapawa Survey District The property lies within the "Rural One" zone under the Operative Marlborough Sounds Resource Management Plan. Parts are covered by "Slip Hazard" overlays and southern parts lie within the "Outstanding Landscape" overlay with prominent ridgelines defined. Total Freehold area: 210.8959 ha, (approx 518 acres) The property is offered for sale with offers negotiable over $3,750,000 (plus GST if any).