{"id":120691,"date":"2025-11-06T07:41:08","date_gmt":"2025-11-06T07:41:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/120691\/"},"modified":"2025-11-06T07:41:08","modified_gmt":"2025-11-06T07:41:08","slug":"mt-algidus-station-could-be-yours-if-you-have-50-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/120691\/","title":{"rendered":"Mt Algidus Station could be yours, if you have $50 million"},"content":{"rendered":"

\"Mt<\/p>\n

\nMt Algidus Station.
\nPhoto: Sotheby’s \/ supplied\n<\/p>\n

One of the country’s most storied high-country stations is on the market.<\/p>\n

Offers of $50 million or more are being sought for Mt Algidus Station, a 22,120-hectare property in the Southern Alps.<\/p>\n

Author Mona Anderson lived on the property for 33 years, and detailed her time there in the book<\/a> A River Rules My Life.<\/p>\n

The station – secluded at the confluence of the Wilberforce, Rakaia and Mathias rivers near Canterbury’s Lake Coleridge – was also home to politician William Rolleston in the 1860s.<\/p>\n

\"Mt<\/p>\n

\nMt Algidus Station.
\nPhoto: Sotheby’s \/ supplied\n<\/p>\n

Sotheby’s International Realty sales associate Matt Finnigan said the vendors, who had lived there for two decades, had added a four-bedroom residence with living areas, a library, drawing room, office and pool cabana, as well as a two-bedroom flat.<\/p>\n

The property also included a three-bedroom farmhouse for guest accommodation – with an additional out-house bedroom and standalone bedsit, along with a woolshed and sheep yards, the old shearers’ quarters and other dwellings.<\/p>\n

“You very seldom find high country farms that have had this level of capital investment in terms of infrastructure and staff housing and industry farming improvements,” Finnigan said.<\/p>\n

\"Mt<\/p>\n

\nMt Algidus Station.
\nPhoto: Sotheby’s \/ supplied\n<\/p>\n

Sotheby’s was marketing the property domestically and internationally with an advertising campaign in The New York Times.<\/p>\n

New Zealand buyers were still the primary audience, Finnigan said.<\/p>\n

“If you look at the last seven years or so, [Overseas Investment Office] applications have been almost non-existent for such properties. What we have realised is actually there’s a large expat database there. You just need to look at our sales for that period – they’ve all been Kiwi or resident buyers.<\/p>\n

\"Mt<\/p>\n

\nMt Algidus Station.
\nPhoto: Sotheby’s \/ supplied\n<\/p>\n

“So advertising offshore, as we do with all our good real estate, captures that audience.”<\/p>\n

The station was a working high-country farm with high stock units and a small permanent staff, Finnigan said. But he expected prospective buyers would be attracted by its history and lifestyle opportunities.<\/p>\n

Sign up for Ng\u0101 Pitopito K\u014drero, a daily newsletter<\/a> curated by our editors and delivered straight to your inbox every weekday.<\/p>\n","protected":false},"excerpt":{"rendered":"Mt Algidus Station. Photo: Sotheby’s \/ supplied One of the country’s most storied high-country stations is on the…\n","protected":false},"author":2,"featured_media":120692,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[48,47,42,43,49,46,44,45,40,38,41,39],"class_list":{"0":"post-120691","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-audio","9":"tag-current-affairs","10":"tag-headlines","11":"tag-news","12":"tag-podcasts","13":"tag-public-radio","14":"tag-radio-new-zealand","15":"tag-rnz","16":"tag-top-news","17":"tag-top-stories","18":"tag-topnews","19":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/120691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=120691"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/120691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/120692"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=120691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=120691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=120691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}