PHOTO: SIMON O’CONNOR/STUFFThe new owners of Windy Point have been revealed was New Plymouth property developers Christopher and Pamela Herd.
New Plymouth property developers have bought one of the city’s most historic and controversial sites for a little more than half its rateable value.
A 1.8 hectare slice of culturally significant Maungaroa, also known as Windy Point, has been on and off the market by telecommunications company Chorus New Zealand for the past two years.
In December tenders closed and the land, which has sweeping views across the city and along the coast, was purchased by Egmont Valley Holdings Limited for $462,500, property records show.
The rateable value of the land as of 1 September 2019 was $880,000.
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