Entire New Zealand Village for Sale for $708,000

Published November 17, 2014

Ever wanted to own your own town? Somewhere scenic with its own pub and railway station? Then New Zealand has a bargain for you, The Press reported Friday.

The tiny West Coast town of Otira in the Southern Alps on the Pacific nation's South Island is up for sale.

Current owners Bill and Christine Hennah bought the town in 1998 after passing through and "feeling sorry for it."

They paid $54,700 for the hotel, school, fire station, town hall and 18 houses, but now the couple, aged in their 60s, says they don't have the energy to run the hotel while maintaining the rest of the town.

So they're asking for $248,000 for the hotel or $708,000 -- $1 million New Zealand -- for the lot.

Along with the asking price other positives include the 40 residents that live in Otira, the history -- the Otira Hotel was originally a coach stop and has been on the same site since the 1860s -- and spectacular scenery.

On the downside, there is a risk of flooding and earthquakes, the township is a little run down and Otira is in the alps more than 100 miles from the South Island's largest city, Christchurch.

URL

https://www.foxnews.com/world/entire-new-zealand-village-for-sale-for-708000