NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Business

Record price expected for rural property

APNZ
6 Dec, 2013 03:58 AM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The 13,800ha Lochinver Station, in the Taupo region, has been put up for tender by one of New Zealand's largest privately owned companies, Stevenson Group Limited.

The 13,800ha Lochinver Station, in the Taupo region, has been put up for tender by one of New Zealand's largest privately owned companies, Stevenson Group Limited.

The biggest rural property to come on the market in the North Island is expected to set a record price for a farm sale in New Zealand.

The 13,800 hectare Lochinver Station, in the Taupo region, has been put up for tender by one of New Zealand's largest privately owned companies, Stevenson Group Limited, which has owned it for more than half a century.

The property has a Capital Valuation for rating purposes of $70.6 million, placing it at the top of the most highly valued stations in the country.

Its sale price will far exceed the biggest farm transactions undertaken in the past five years, which include St James Station in Canterbury for $45 million, a rural Dipton property in Southland that sold for $33 million and Mt Pember Station in North Canterbury, which sold recently for almost $30 million.

Located on the Rangitaiki Plains, 32km from Taupo and 92km from Napier, Lochinver Station is a sheep and beef breeding and finishing and dairy support station.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

The station also has three airstrips, a lake, a recreational hunting block, 22 houses for the families of 20 permanent staff, a staff recreation centre and school, as well as cattle yards, woolsheds and multiple other farm buildings.

Lochinver Station is for sale by tender, closing on February 27, 2014, and is being marketed by Bayleys' managing director Mike Bayley, corporate rural salesman David Gubb and Bayleys Taihape's Peter Stratton.

"While, in terms of land size, there have been larger farms sold in the South Island, this would undoubtedly be the most productive freehold rural property ever put up for sale, with a carrying capacity in excess of 100,000 stock units," said Mr Bayley.

Advertisement
Advertise with NZME.

"Lochinver is widely recognised as one of the most prestigious stations in the country because it has been meticulously developed and superbly maintained and managed. Given its size, value and further development potential, it represents an unprecedented, one-off opportunity to purchase an iconic and internationally renowned station."

Stevenson Group chief executive Mark Franklin said the company was rebalancing its investment portfolio and Lochinver Station was being put up for sale as part of that process.

"Lochinver Station no longer fits with Stevenson's future strategic direction which will be focused on the core businesses of mining, quarrying, concrete and associated investments around these industries."

The property was bought in 1958 by the late Sir William Stevenson, founder of Stevenson Group, after prompting from his son, the late Ross Stevenson, who had observed the property during his hunting expeditions in the area.

"Mining was very much a six months a year industry in those days and the company's mining machinery was put to good use over the winter months breaking the land in," Mr Franklin said. "It was a testament to Ross' vision, tenacity and innovative approach to projects that the land was transformed within a relatively short space of time into a very profitable farm."

He says the station's favourable, predominantly easy contour - with more than 60 per cent of the farmed area relatively flat - has helped with its development and management.

"This provides flexibility for a variety of farming activities including sheep and beef finishing, stud, deer, dairying and dairy support and would enable a new owner to maximize profit across several revenue streams.

"The property also usually experiences a very good spring with reliable summer and autumn growing conditions, illustrated during last summer's drought when we provided grazing support for other farms."

This year the farm wintered approximately 60,000 sheep, 3500 beef cattle, and 2300 dairy support cattle. Franklin says carrying capacity is expected to increase to 120,000 stock units in the near future as a result of an extensive pasture renovation programme, further development of scrub land and the recently returned leased land, as well as an irrigation project which is just commencing.

Save

    Share this article

Latest from Business

Business

Kiwi stole millions from his dad, reportedly blamed dad's girlfriend

Business

Government's giant internet, security upgrade under way for 2500 schools

Business

United Airlines profits dip, company says world getting 'less uncertain'


Sponsored

Tired of missing out on getting to global summits to help grow your business?

Advertisement
Advertise with NZME.

Latest from Business

Kiwi stole millions from his dad, reportedly blamed dad's girlfriend
Business

Kiwi stole millions from his dad, reportedly blamed dad's girlfriend

'Treacherous, deceitful and calculated caper' blamed on elderly man's girlfriend.

17 Jul 02:43 AM
Government's giant internet, security upgrade under way for 2500 schools
Business

Government's giant internet, security upgrade under way for 2500 schools

17 Jul 02:00 AM
United Airlines profits dip, company says world getting 'less uncertain'
Business

United Airlines profits dip, company says world getting 'less uncertain'

17 Jul 12:19 AM


Tired of missing out on getting to global summits to help grow your business?
Sponsored

Tired of missing out on getting to global summits to help grow your business?

14 Jul 04:48 AM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP