Coastal hideaway on the market for first time in 90 years

The opportunity to own a secluded, luxury lifestyle property on an historic sheep and beef station just 20km from Wellington is on offer for the first time in 90 years through Colliers International.

Parakiora, in the Ohariu Valley to the north of the city, includes a large architecturally-designed home and 1.5km of pristine private coastline. It is being marketed for sale by international tender as a “dream hideaway” just six minutes to central Wellington by helicopter or 30 minutes by car.

Mike Laven, rural and agribusiness broker in Colliers’ Wellington office, says the property, on a working farm with sweeping views over rolling hills to the sea, is likely to appeal to high net worth buyers looking for a peaceful and picturesque retreat with recreational opportunities also on offer.

“We expect to receive interest in this stunning home and land from around the world. Wealthy expatriates and foreign nationals are likely to view it as the ultimate private escape to relax and unwind,” he says.

“The location close to Wellington really sets this property apart – it’s extremely rare to find luxury, absolute privacy and incredible natural beauty on this scale so close to the central city. It will be viewed by many as the ultimate holiday home.”

Parakiora comprises 479ha of coastal farmland across two titles within the larger Papanui Station. It includes 45ha of river flats and 160 hectares of gently-rolling hills, with the balance made up of dramatic steeper hill country. The farm component of the property is leased and run in conjunction with Papanui Station, providing a low-maintenance investment, says Laven.

“The buyer will be able to enjoy this home, its land and views without having to be involved in the day to day management of the farm, as the lease covers all farm operations. The new owner can simply arrive, relax and unwind.”

The house, built in 2005 and designed by award-winning Wellington architect Gerald Parsonson, is 475m2 in size and is prominently situated on the farm in a clifftop location at the end of a private road.

It was designed to provide a “modern version of a traditional farmhouse” and has five bedrooms, four bathrooms, extensive living areas and three-car garaging, says Laven. “There are panoramic views from the house of the entire farm and across Cook Strait to the South Island.”

Spacious gardens, a large heated swimming pool, astro-turf tennis court and an airstrip are also part of the package, he says.

“The house is very expansive with indoor-outdoor flow, large lawns, multiple living areas and dual fireplaces. There are also multiple patio areas and a path leading to a viewing platform overlooking the coastline. It’s ideal for private enjoyment as well as entertaining larger crowds.”

Creeks, springs, dams and wetlands give the property a reliable year-round water supply. Rye grass and clover cover the hills, with stock fattening crops of plantain and chicory on the flat country. The land, also includes 30ha of mature pinus radiata trees due for harvesting in six years’ time

Papanui Station was purchased by the current owner’s family in 1926 and has been operated as a 2,700 acre sheep and beef farm.

The original station infrastructure including a woolshed, outbuildings and stock yards have been well maintained over the years and have not been altered since construction, giving the farm a traditional feel, Laven says.

The property is for sale by International Tender closing 4pm 31 August 2016.


Property video

A video featuring aerial footage of the property is available here:


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