Block marketed with potential port appeal

KAT PICKFORD
Last updated 08:00 23/11/2012

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The owners of a property near the proposed new Cook Strait ferry terminal at Clifford Bay are using the development to hook a buyer.

Bayleys Marlborough is advertising the 16.6-hectare block valued at $365,000 on Marfells Beach Rd, near the proposed site of the Clifford Bay terminal.

Sales consultant Jackie Herkt said there was no house on the property and it would be an ideal site for commercial pinus radiata or pine nut plantations, a lifestyle property, or for a speculative property developer.

"It would be a good block to sit on and hold on to for a time, and if the Clifford Bay ferry terminal does go ahead it would certainly be a worthwhile investment."

Wellington company Southern Tall Ltd owned the property, which had been on the market for about three months, she said.

Inquiries had increased since the firm started marketing the property last week with reference to the proposed terminal.

She was not aware of any other properties in the area sold this year, but was approached by another landowner last week thinking of selling, she said.

Transport Minister Gerry Brownlee is considering a business case to move the port and appointed a specialist project team this month to consider the economic benefits on a national scale.

The proposed port would open the possibility of using larger ferries on Cook Strait, reduce travel time between Wellington and Christchurch by 80 minutes for road traffic and 110 minutes for rail traffic, as well as reducing fuel costs for road and rail, rail and ferry maintenance costs, and carbon emissions. The port development is estimated to cost $422 million.

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- The Marlborough Express

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