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Wanaka high country station up for sale

NZN 26/10/2016 Jonathan Underhill

Farming entrepreneur Colin Harvey has put his 6,639-hectare Lake McKay Station, one of the largest freehold high country stations in Wanaka, up for sale with tentative work on a residential subdivision among the potential revenue streams.

The 9,000 stock unit sheep and cattle station is expected to sell "well in excess" of its rating valuation of $19 million to $20 million, said Sotheby's International Realty sales associate Matt Finnigan.

It was too early to say what value housing development would add to the property, although the vendor currently has submissions with the Queenstown Lakes District Council and had "done a lot of work with consultants", particularly for land near the township of Luggate, which is about 15 kilometres from Wanaka township.

Auckland-based Mr Harvey is a veteran of the farming industry, having grown up on Taranaki dairy farms, but his contribution to New Zealand agriculture includes founding Ancare, the animal health company sold to Merial.

Mr Harvey's other interests include the Hobbiton theme set, the Taranaki pesticide company Zelam, Country TV Ltd , Canterbury Fresh Lamb and the Wool Unity Group, along with a number of property and investment companies.

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