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The Town that is Up for Sale for $1 Million
Why buy a plush house when you could have a whole mountain village for the same money? Otira, a tiny West Coast town in the Southern Alps, is on the market for $1 million after owners Bill and Christine Hennah decided it was time to move on. They bought Otira, population 40, in 1998 after passing through and "feeling sorry for it". They paid $80,000 for the hotel, school, railway station, town hall and 18 houses. The couple, now in their 60s, no longer have the energy to run the hotel while maintaining the building and the township. They are asking $350,000 for the hotel, or $1 million to take the village as well. According to Christine, there's some work to be done, but it's still a huge bargain.When Bill and Christine brought the town there were only 11 residents. Now, there are 44 locals, and 14 of the 18 houses are rented at around $120 a week. Bill's done some renovations, but he's slowed down since the local bull got to him and broke his shoulder. So if you love a quiet life and the outdoors, Otira could be for you. |
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