Taranaki forest with income from redwood rights for sale

Motukawa Forest provides opportunity to secure a smaller forestry holding

Motukawa Forest

Motukawa Forest in Taranaki is up for sale, providing an opportunity to secure a smaller forestry holding in one of the North Island’s best-regarded silviculture regions.

Colliers International is marketing the 477.4ha forestry block near Inglewood for sale by tender closing at 4pm on Thursday 30 May.

The second rotation forest comprises 85ha of radiata pine and 186ha of redwood, with the balance in bush and well-developed infrastructure.

Forestry Director Warwick Searle, who is marketing the freehold property with colleague Angus Robertson, says flexible options are available.

“The vendor has decided to retain the redwood crop and sell the 186ha of freehold land from underneath it.

“This presents an opportunity for an astute purchaser to acquire a 477.4ha forestry block, including a radiata crop, while drawing on rental income from the redwood plantation.

“Alternatively, the vendor is willing to include the redwood crop in the sale if parties are interested. This presents an opportunity to secure not only the land but the entire diversified crop upon it.”

The radiata pine crop, planted between 2007 and 2013, is showing good form and health.

It has been managed under a structural regime, with a single thinning to a final stocking rate of 400 stems per hectare.

The redwood crop is between five to 12 years old. The harvest age is approximately 40 years.

Motukawa Forest

Under the vendor’s proposed terms of sale, a new forestry right agreement will be registered over the 186ha of land underlying the redwoods, providing rental income to the successful purchaser.

The new landowner will receive the land back via a staged handback as harvest takes place.

Robertson says the property is well located only 45km inland of New Plymouth, which is the main centre of the Taranaki region.

“Motukawa Forest is positioned on the northern side of Motukawa Road, some 6km from the Tarata Road intersection and 20km east of Inglewood.

“It is well served by nearby export and domestic processing infrastructure.”

Port Taranaki, 45km to the west, is able to handle sawlogs and pulp logs for export.

Taranaki Sawmills at Bell Block, some 40km from Motukawa, is the main domestic processing option, with other processors located at Te Kuiti and Waverley.

Motukawa Forest’s topography comprises rolling hills and some steeper faces, requiring a mix of ground- and hauler-based harvesting.

The elevation ranges from 110m at the border with the Waitara River, to 282m at the highest ridge top.

An extensive roading network has been established throughout the property during the first rotation harvest.

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