1,198 Acres - North Island, SW

485 hectares (1,198 acres), SW part of the North Island

Offered for sale at NZ$185,000 (US$139,000, or $116/acre using a currency rate of US$.75=NZ$1)

Approximately 400 hectares currently contains mature radiate pine plantations that the owner plans to harvest over the next 3 to 4 years. This ownership does not want the responsibility to reforest and manage the next stand, and has offered to sell for a sharply discounted rate. Area not currently in pine is in native forest concentrated along the streams through the property that must me protected.

Various Parcels ranging from 8 to 20 hectares (20 to 50 acres)

Pricing various by conditions, but most are $3,000 to $3,500/acre

These are all planted to radiata pine from 1995 to 1999. Most will become harvestable within 10 years. All have been managed, all thinned, most pruned to 20' and thinned. The youngest stands at 12 years old have highest of 70 to 80', and have volumes estimated at 10 to 12 mbf/acre, based on Scribner scale.