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Over $6 Million Under Hammer for Eketahuna Farm

Over $6 Million Under Hammer for Eketahuna Farm

A high level of presentation and nationwide buying interest resulted in an outstanding $6.2 million being paid for an Eketahuna dairy farm under the hammer at auction earlier this month.

Over thirty serious buyer enquiries were received with most from Waikato, Taranaki, Masterton and Manawatu for the 305 hectare farm 30 minutes North of Masterton marketed as a going concern with stock and plant included.

Harcourts Masterton Sales Consultant, Caroline Corlett who marketed the property, said this would have to be one of the highest prices paid for a farm in the area which not only reflected the excellent presentation, but also the high quality outbuildings, facilities, house and landscaped gardens.

She added that the interest also reflected the fact that dairy farms of this size seldom became available in the area with most farms around 80 hectares.

“Eketahuna is strong dairying country, and while we get the high rainfall we don’t get the flooding with farmers enjoying productive farms that stay green all year round compared to many other areas around the country.”

Ms Corlett added that although the buyer was from the local region, the interest coming from so far away indicated farmers were now confidently looking for high quality property all year round, “particularly for the over 200 hectare farms which don’t often come up all in one block.”

The auctioneer was Prue Hamill, who is also Principal of Harcourts Masterton.

ENDS

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