Auckland waterfront land sells for $30m

It took only four hours to sell 57 prime waterfront sections totalling just over $30 million last week.

Thursday, December 4th 2003, 6:37AM

by The Landlord

The Compass Point subdivision, off Pigeon Mountain Rd, Pakuranga, had 64 sections for sale. Seven sold by tender last month and the remainder went to auction last Wednesday.

Neil Prentice from Bayleys Real Estate, the company marketing the properties, says about 500 people attended the auction

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