Abandoned subdivision sells

All sections in an abandoned waterfront subdivision, which was caught up in the Lombard Finance receivership, have been snapped up in a mortgagee sale.

Thirty-five sections being offered in the 44-lot Blue Bay subdivision on Mahia Peninsula, between Gisborne and Napier, attracted interest from hundreds of people, with 50 submitting formal offers.

There were two offers for the entire development, however, these were rejected in favour of 31 individual sales, and two double-section sales.

SUPPLIED

The 44-lot subdivision has paved streets, street lights, and sewerage and water systems that have never been used.

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