A Waiheke Island property owner has gone to the High Court over access to land owned by a trust linked to former Hanover Finance director Mark Hotchin.
Olo Ltd - a company directed Steve Caspar and Jo Richmond - bought a 1100 square metre property on Waiheke's Matapana Rd in 2010 from KA No 4, a trust associated with Hotchin's family.
The site shares a border with a 4.5ha property owned by another Hotchin family trust, called KA No 3. This much larger property at 46a Matapana Rd extends down to Boatshed Bay. On it sits a five-bedroom home, a four-car garage, four boat sheds, a boat ramp, spa pool and tennis court.
The original sale and purchase agreement for 34 Matapana Rd contained a clause allowing the buyer access through the larger neighbouring property at 46a, the High Court at Auckland heard today.
This access - extended for two years in April 2013 -was so the existing house on 34 Matapana could be demolished and a new one built.