Haupiri, West Coast
Haupiri, West Coast
Haupiri, West Coast
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<strong>Haupiri</strong>, <strong>West</strong> <strong>Coast</strong><br />
“Waikiti Downs Station” – 1,543 hectares
Contents<br />
1. Introduction<br />
2. The Property<br />
3. Production and Fertiliser<br />
4. Hydro Power Scheme<br />
5. Deer Farming<br />
6. Fishing<br />
7. Off Roading, Tourism<br />
8. Income Streams<br />
9. Income Streams<br />
10. Services, Legal Description<br />
11. Comments<br />
12. Method of Sale<br />
13. Area Map<br />
DISCLAIMER:<br />
Offices throughout New Zealand. Affiliated to Christies worldwide.<br />
The sole purpose of this document is to provide background information to assist the recipient in obtaining a general<br />
understanding as to what is on offer. Neither Bayleys nor Whalan David Murray Limited represents that any information<br />
from any third party (including the vendor) is correct as it has not been independently verified. The recipient of this<br />
document releases both Bayleys Real Estate and Whalan David Murray Limited together with its directors and agents from<br />
and disclaims all claims (whether in contract including without limitation claims for breach of express or implied<br />
representation or warranties) or tort or otherwise (including, without limitation, the Fair Trading Act 1986) in respect of or<br />
arising out of this document.
1. Introduction<br />
“Waikiti Downs Station”<br />
Dairy Conversion or continue Cattle Grazing - with several other income<br />
streams<br />
Waikiti Downs Station is located at the <strong>West</strong>ern foot of the Southern Alps covering an area of 1,543<br />
hectares (3,812 acres) including conservation leases. The farm has undergone major redevelopment<br />
in recent years, increasing the grazeable area on the river flats and river frontages to approximately<br />
450ha effective. With high rainfall and free draining soils, it would make a wonderful dairy conversion<br />
and the vendors estimate the farm could sustain 1,000+ cows, producing 350,000kgMS per annum.<br />
The property is currently grazing beef cattle and has wintered up to 3,000 dairy cows.<br />
Time of travel from the closest large town being Greymouth, is 50 minutes and from the largest city<br />
being Christchurch on the East <strong>Coast</strong> is 2 hours and 30 minutes.
2. The Property<br />
The property includes the following:<br />
• 1,543 hectares comprising of:<br />
- 612ha freehold - 450ha effective<br />
- 31ha riverbed – Crown Renewable Lease<br />
- 900ha Mountain Valley Conservation Concession Lease<br />
• Large four bedroom weatherboard home built in 1972 and in good condition<br />
• Three bedroom cottage<br />
• Fisherman’s hut<br />
• Shearer’s Quarters<br />
• Deer sheds<br />
• Large wool shed<br />
• Two-bay Implement shed<br />
• Five-bay barn
3. Production and Fertilisier inputs<br />
2008 Season<br />
170ha in Kale and 50ha in Turnips. Winter grazed 3,000 dairy cows.<br />
2009 Season<br />
200ha in Kale and 80ha in Turnips. Winter grazed 2,500 dairy cows and 600 privately owned cows.<br />
2010 Season<br />
450ha in grass. Winter grazed 1,300 cows. Fattening for Silver Ferns Farms commenced November.<br />
Summer 2010 – 2011 held 1,300 mixed cows.<br />
Autumn 2011 reduced from 1,300 to 800.<br />
Winter 2011 holding at approximately 600 cows.<br />
Fertiliser<br />
08/09 2 tonne Super per hectare, 6 tonne Lime per hectare (Capital)<br />
09/10 500kg Super per hectare<br />
10/11 400kg Super per hectare
4. Hydro Power Scheme<br />
Overview<br />
The property has been issued with a 30 year resource consent for power generation from Deer<br />
Creek on the Southern side of the property.<br />
Power is measured in kilowatt hours (kWh) and the rate attached to this is generally called a spot<br />
rate – the rate the wholesale market is willing to pay for one unit of power. The rate is seasonal and<br />
can vary from 3 cents per hour over summer to 10 cents per hour over winter.<br />
Based on this variance we have used an average of 7.5 cents per kW hour.<br />
Deer Creek<br />
Deer Creek has been measured to produce a minimum of 1.02 cumecs of constant flow water per<br />
second. There has been an independent consultant evaluate the resource and he has based his<br />
methodology on 0.5 cumecs, the results follow along with our methodology.<br />
0.25 cumecs = 138 kWh @ 0.075 = $90,666 – 3% line downtime = $87,946<br />
1.02 cumecs = 561 kWh @ 0.075 = $368,588 – 3% line downtime = $357,530<br />
.
5. Deer Farming<br />
Deer<br />
Waikiti Downs was renowned for its strong deer genetics. The previous owner of 20 years<br />
maintained a genetics programme that produced red deer with trophy heads.<br />
The station currently runs approximately 20 Trophy Stags.
6. Fishing<br />
Rivers on the property<br />
Waikiti Downs Station has 45km’s of rivers flowing through the property, the main rivers being:<br />
- Ahaura River<br />
- Waikiki River<br />
- Waiheke River<br />
- Tutaekuri River<br />
- Trent River<br />
All five rivers contain prized brown trout with the Ahaura also holding salmon.
7. Off Roading, Tourism<br />
Off Roading<br />
Waikiti Downs Station offers an abundance of off road activities for four wheel driving, mountain<br />
biking, horses or recreational vehicles. The Station is surrounded by valley walls with ancient<br />
native beech forest and has pure adventure off road track around the perimeter of the property.<br />
For the real thrill seeker or mountain athlete the challenge would be to tackle the Hope Valley<br />
and St Jacobs Valley and descend down the Hope Pass into the picturesque Waikiti Downs<br />
Station.<br />
Tourism<br />
The property can offer the following:<br />
- Hunting<br />
- 45kms of fishing (some of the best in New Zealand)<br />
- Jet boating<br />
- Kayaking<br />
- Gold prospecting<br />
- Hot pools (located on property boundary as natural)<br />
- Mountain biking<br />
- 4 wheeler off roading<br />
- Skiing – 10 minute heli flight to Temple Basin Ski-field in the Arthurs Pass National<br />
Park
8. Income Streams<br />
Rocks<br />
The property includes two quarry areas for large Greywacke rock, sought on the East <strong>Coast</strong>,<br />
and also Alpine Schist used for landscaping and housing.<br />
Stumps<br />
Native tree stumps are sold for waterway developments.<br />
Beech<br />
Red beech can be sold in either log form for milling or for firewood, fetching up to $50 m3. A<br />
consent is held for this<br />
Gold<br />
Gold has been recovered on the farm. More testing could be required.<br />
Tourism<br />
The Station getaway, along with all the other potential tourist adventures including off roading,<br />
kayaking, hot pools near the Tutaekuri River and mountain biking. Access through the property<br />
to DOC huts including the new Tutaekuri Hut.<br />
Hunting<br />
Both Private and Commercial, looking after the private hunter on some of the best hunting<br />
ground in the South Island. The surrounding country contains Red Deer, Chamois and Tahr.<br />
Deer Farming<br />
Waikiti Downs could run up to 2,000 deer on a deer farm programme.<br />
Dairy and Beef Grazing<br />
The farm currently grazes beef cattle and dairy cows and has wintered up to 3,000 dairy cows.
9. Income Streams<br />
Hydro Power Scheme<br />
35 year consent to produce power.<br />
Carbon Credits<br />
A trade-able commodity that will be a bi-product to the forest block and hydro power scheme and<br />
determined by how many kw of power produced. At this stage its value is unknown, but indications<br />
from Government are that the main winner from the Kyoto agreement will be hydro and wind powerproducing<br />
entities.<br />
Dairy Conversion<br />
The vendors estimate the farm could sustain dairy farming of 1,000+ cows, with production of<br />
350,000kgMS per annum.
10. Services, Legal Description<br />
Rainfall<br />
Approximately 2,500mm per annum.<br />
Services Mail: Rural Delivery<br />
Schools: Primary and Secondary Schools at Greymouth by School<br />
Bus<br />
Rateable Valuation LV$ 5,925,000 IV$ 425,000 CV$ 6,350,000<br />
Date: 1 September, 2010<br />
Local Authority Grey District Council Rates - $8,350 pa<br />
Legal Description<br />
204.9225 ha RSs 4696, 4697 and 4698 WS8C/250<br />
403.1570 ha RSs 4717, 4718, 4719, 4720, 4721,<br />
4722, 4723, 4724, 4725 and4726 WS8C/251<br />
0.4047 ha Section 1 SO Plan 1223 WS5D/1076<br />
0.4047 ha Section 2 SO Plan 1223 WS5D/1077<br />
0.4047 ha Section 3 SO Plan 1223 WS5D/1078<br />
0.4047 ha Section 4 SO Plan 1223 WS5D/1079<br />
0.4047 ha Section 5 SO Plan 1223 WS5D/1080<br />
0.4123 ha Section 6 SO Plan 1223 WS5D/1081<br />
0.3996 ha Section 7 SO Plan 1223 WS5D/1082<br />
0.3996 ha Section 8 SO Plan 1223 WS5D/1083<br />
0.4047 ha Section 9 SO Plan 1223 WS5D/1084<br />
0.2023 ha Section 10 SO Plan 1223 WS5D/1085<br />
0.2937 ha Section 1 SO Plan 11852 WS 8A/520<br />
612.2152 ha Freehold<br />
31.0000ha Riverbed – S144 Crown renewable lease - $281.25 p.a.<br />
900ha Mountain Valley –<br />
LG A 0220 – Grazing Concession - $4,050 p.a.
11. Comments<br />
Google Earth<br />
42 33 30s, 171 54 41e<br />
Comments<br />
A unique property with diversity of income potential. Currently grazing beef and dairy cattle, the<br />
property has recently undergone major development, increasing the grazeable area on the huge<br />
river flats and river frontages. The high rainfall and free draining soils make this a wonderful dairy<br />
conversion opportunity.
12. Method of Sale<br />
The Vendors invite offers<br />
www.bayleys.co.nz/57799<br />
Bayleys Canterbury<br />
B 03 375 4700<br />
E canterbury@bayleys.co.nz<br />
Bayleys Canterbury<br />
PO Box 36533, Christchurch 8146<br />
3 Deans Ave, Riccarton<br />
CHRISTCHURCH<br />
WHALAN DAVID MURRAY LTD, BAYLEYS,<br />
LICENSED UNDER THE REA ACT 2008.
13. Area Map
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