Aquaculture Sector
Because of the Aquaculture Law Reform Act of January 2005, marine farming can now only occur in an Aquaculture Management Area (AMA) as identified by Regional Councils. Consequently, allocations of new water space for mussel farming are being delayed by up to 10 years.

Map of Marlborough Sounds showing Permit Area (red dot)
The sale by Marine Farm of an existing Resource Consent and Permit for a mussel farm is a rare opportunity to obtain water space in the Marlborough Sounds.
Water space resource that is being sold
Location:
Beatrix Bay, Pelorus Sound, Marlborough (Beatrix Bay is the Bay to the left of the lead image on this web page)

Permit area marked with red arrow
Resource Consent and Permit being sold:
New Coastal Permit 496 (was License No 394). Permit extends to the year 2021.
Permit Area:
4.187 hectares (L1 394 = 3.110 hectares plus Extension of 1.077 hectares)

Permit area and extension just off the shoreline
Current water use:
Five seeded mussel long lines with potential and space for 6 more long lines.
Value of current stock of mussels:
About $60,000, depending on price at the time of harvest and the frequency of harvests. Harvesting can be done year-round.
Marketing:
The production from the aquafarm is contracted to a local mussel processing company.
Asking price:
$120,000 per hectare.