A South Waikato farm ideally placed for redevelopment into exclusive lakeside lifestyle blocks, or a private lodge retreat is providing potential investors with a unique opportunity in the Lake Arapuni district.
The 129ha lakeside property includes 2km of private waterway access upon a water body renowned for its glass-like conditions, making it a haven for boaties, canoeists and rowers while also being within easy access of most upper North Island towns and cities.
Bayleys Waikato salesperson Mike Fraser-Jones says the property offers multiple opportunities to a buyer with vision to capitalise on the centrality of the location and the property’s outstanding natural assets.
“The property offers an exclusive lake boundary with four titles within it, and the potential to increase these, capitalising on part of the property being zoned as lifestyle use,” he says.
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“For someone prepared to work with the local bodies, they would find there may be the opportunity here to develop multiple titles right along the lakeside boundary. There is the opportunity to craft lifestyle blocks that sit comfortably and sustainably within the lakeside location.”
The 6km length of Lake Arapuni offers deep, sheltered water that is popular with kayakers and canoeists due to its lack of water traffic compared to most other hydro lakes in the region. That same quiet lends itself well to a residential or tourist lodge operation that focuses upon water sports and accommodation.
The property’s privacy is enhanced by having the occasional beach along the length of the lakefront boundary, including a boat ramp for launching from.
Fraser-Jones says the farm’s current operation as a dairy unit provides investors with a base cash flow to run with while working through a redevelopment programme, milking 360 cows, and generating 137,000kg milk solids a year off the rolling contoured property.
Assets on the farm include a herringbone dairy, with the usual farm buildings and a main 220sqm homestead with its own swimming pool and tennis court.
“The South Waikato district holds a lot of appeal these days, with a real recreational-lifestyle element emerging as facilities like the cycleway network, lake facilities and appealing countryside
give it a particular appeal, added to its proximity to Hamilton, Tauranga and Rotorua, along with other attractions nearby including Hobbiton,” says Mike Fraser-Jones.
He said he sees few opportunities coming onto the market in the form of the Lake Arapuni property, with its interesting and appealing options covering residential and tourism options.
“It is a particularly exciting property with a great opportunity for the right buyer prepared to invest and spend the time working with the community and local bodies to create quite a unique sort of development.”
