53 Home Hills Runs Road, Oturehua, Central Otago

Conservation Project Potential

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53 Home Hills Runs Road, Oturehua, Central Otago

Conservation Project Potential

Lifestyle property For Sale

$1,080,000

plus GST if any

About

Central Otago offers a host of land ownership opportunity but rarely does a property such as this come along offering scope to undertake restoration of an old mud brick building - smithy - wool shed, redevelop an old homestead and/or build yourself a new home on one of the four titles.

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At 90 hectares the property has scope for a commercial tourism enterprise, horse riding or such like with the historic gold mining area of Penny Weight Hill and 13 plus hectares of tailings – old mining area within the property.

The schist quarry on the property was operated up until 2012 and there has been interest in reactivating the quarry and this could be an income option above the assessed 450 Su capacity of the property.

With hay paddocks, standing trees, cattle yards, sheltered gullies and open hill faces the property is diverse and manageable in size so think outside the square on this one. Please contact Grant Richards for a site visit as viewing is strictly by appointment.

features +

  • Project potential
  • Four titles - choice of building sites
  • Land banking opportunity
  • Gravel clay and schist
  • Old mine workings
  • A place in Central Otago to call your own

property details +

Web iD: CR1325
Approximate land area: 90.2ha
Rateable value: $900,000
Rates (CODC): $2,050.25

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Agent

Grant Richards

Grant Richards

Property Consultant

Mobile: 0274 808 334
Direct dial: 03 445 0702
After hours: 03 445 0636