Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Harcourts Picton Breaks Residential Sale Record

Harcourts Picton Breaks Top Residential Sale Record

What is believed to be the highest amount ever paid for a residential property in Picton has just been confirmed by Harcourts Picton owner, Brenda Davey. The renowned luxury property at 41 Marina Drive, Waikawa Bay sold for close to its listed price of $1.6 million.

Ms Davey described it as “a landmark property with the marina at the doorstep” and added that property of this calibre with its many special features was “extremely rare” in Picton. This was the first time it had been on the market since it was built 17 years ago.

The secluded luxury and stunning sea views of the Waikawa Bay property in the Marlborough Sounds attracted interest from as far away as Germany, the United Kingdom and Australia, however Ms Davey added that it was a New Zealand buyer who purchased it.

Crafted from cedar and Alexandra schist the large homestead included three bedrooms and three bathrooms as part of its 360 sqm floor area. It also had four car garaging and numerous entertainment decks to take advantage of the stunning harbour views stretching well over 30 kilometres down Marlborough Sounds from its elevated 9780 sqm site.

Ms Davey said the Marlborough area was certainly continuing to attract a lot of buyer interest from both throughout New Zealand and ‘ex-pats Kiwis’ looking to return home in the near future.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>


Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>


Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>