Iconic estate in New Zealand, Arcadia, has been sold
ADVERTISEMENT
The 257ha sheep and beef farm at Glenorchy, near Lake Wakatipu, in New Zealand has been sold for a multi-million dollar sum. This scenic property in Queenstown is famous as a setting for 100s of TV commercials and films like The Lord of the Rings, Prince Caspian, The X Men and The Hobbit just to name a few.
The farm was used as a filming location for a number of high-profile movies.
The actor Sir Ian McKellen described it as his favourite place on earth. Despite international interest, the property sold to a New Zealand business man who plans to farm it organically, as well as renovating the homestead.
ADVERTISEMENT
The deal was agreed on the eve of New Zealand’s COVID-19 lockdown, the selling agents said.
“Arcadia actually helped put Queenstown on the map as a tourist Mecca long ago as it was the place wealthy travellers came to stay and relax back in the early 1900s. The name literally means ‘Paradise‘, it has a 1.4km border to Diamond Lake the rest to Mount Aspiring National Park,” said Bas Smith from the Queenstown office of property agents; Ray White.
The property has been farmed for over 80 years by the Veint family. Jim Veint bought the property from his father, Lloyd in 1960.
“At 83 he is as fit as a fiddle, still working the farm, opening all the gates and tending to his stock but he recently accepted that it was time to sell,” Bas Smith said.
Arcadia is located at Glenorchy, near Lake Wakatipu.
The property was being marketed with a price guide from $15m to $20m (€8.3m to €11m). It received four “very competitive offers”. The Queenstown businessman and farmer, one of the first people to view the property, was the successful purchaser.
“He is a collector of iconic New Zealand properties,” Bas Smith said. He added that the previous owner, Jim Veint, has been invited by the new owner to stay around and advise on the new management plan alongside the renovation of the historic 114-year-old house. Veint’s old dog Boe has been invited to stay and live out his days at Arcadia.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The 257ha sheep and beef farm at Glenorchy, near Lake Wakatipu, in New Zealand has been sold for a multi-million dollar sum. This scenic property in Queenstown is famous as a setting for 100s of TV commercials and films like The Lord of the Rings, Prince Caspian, The X Men and The Hobbit just to name a few.
The farm was used as a filming location for a number of high-profile movies.
The actor Sir Ian McKellen described it as his favourite place on earth. Despite international interest, the property sold to a New Zealand business man who plans to farm it organically, as well as renovating the homestead.
The deal was agreed on the eve of New Zealand’s COVID-19 lockdown, the selling agents said.
“Arcadia actually helped put Queenstown on the map as a tourist Mecca long ago as it was the place wealthy travellers came to stay and relax back in the early 1900s. The name literally means ‘Paradise‘, it has a 1.4km border to Diamond Lake the rest to Mount Aspiring National Park,” said Bas Smith from the Queenstown office of property agents; Ray White.
The property has been farmed for over 80 years by the Veint family. Jim Veint bought the property from his father, Lloyd in 1960.
“At 83 he is as fit as a fiddle, still working the farm, opening all the gates and tending to his stock but he recently accepted that it was time to sell,” Bas Smith said.
Arcadia is located at Glenorchy, near Lake Wakatipu.
The property was being marketed with a price guide from $15m to $20m (€8.3m to €11m). It received four “very competitive offers”. The Queenstown businessman and farmer, one of the first people to view the property, was the successful purchaser.
“He is a collector of iconic New Zealand properties,” Bas Smith said. He added that the previous owner, Jim Veint, has been invited by the new owner to stay around and advise on the new management plan alongside the renovation of the historic 114-year-old house. Veint’s old dog Boe has been invited to stay and live out his days at Arcadia.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS