Gruinard Station – Sold at Auction

November 3, 2014 at 3:18 pm

Gruinard Station marketed by Doug Smith of PGG Wrightson Ltd sold at auction on Thursday 30 October 2014.  Gruinard comprises 601 hectares located on Mackenzie Road, approximately 22km southeast of Havelock North and adjoining the Tukituki River.  Gruinard is a very well presented farm in the central valley of predominantly improved pastures including chicory and plantain.  This is complimented with a balance of medium to steep contoured hill country with a further 30 hectares able to be irrigated by K-line.  The property comprises some 21 hectares of mixed age forestry plantations.  Building improvements include a well maintained, modernised four bedroom colonial homestead set in attractive grounds with fenced tennis court and swimming pool, a three bedroom cottage, six-stand woolshed, workshop, good quality sheep and cattle yards and three hay barns.

Bidding was strong between a neighbour and near neighbour with eventually the near neighbour purchasing the property under the hammer for $6.4M.  This is considered a very good sale.

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Entry filed under: Rural Market.

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