A large, Commercial zoned site in the heart of the vibrant township of Katikati presents developers with the opportunity to secure a prominent site in the rapidly growing Bay of Plenty region for their next major project.
1-11 Talisman Drive in Katikati is a 5,366sq m freehold site with a sunny north-west aspect onto Talisman Drive as well as frontage onto the adjoining Beach Road and Carisbrooke Street.
It has expansive views back to the Kaimai Ranges and is a short stroll into the township with all its retail and hospitality amenities as well as the new public library.
Katikati is a growing township located approximately 40km north-west of Tauranga city in the Western Bay of Plenty. This is the centre of a horticultural and farming district in the coastal belt between the Kaimai Ranges and the Tauranga Harbour.
Start your property search
Colliers brokers Simon Clark and Rich Davidson have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Thursday 3 March, unless sold prior.
Clark, managing director at Colliers Tauranga, says this site offers tremendous flexibility for prospective purchasers who will be able to design a large-scale project.
“The new buyer will find themselves with a blank canvas of predominantly flat land on a highly visible corner location that boasts multiple street frontages,” Clark says.
“The current Commercial zoning allows for a mixed-use development that could include high-density residential housing, an office or retail development as well as retirement housing, medical facilities or a place of assembly.
“Katikati has a growing residential market and there’s a noted lack of supply that is available in the area.”
Davidson, commercial and industrial sales broker at Colliers Tauranga, says the site has undergone extensive research, while a number of concepts have already been explored for future developments.
“There is a detailed infrastructure development and services assessment report on the property completed by Harrison Grierson, who are leading engineers and surveyors, which gives a comprehensive description of the land and the potential development of the site,” Davidson says.
“In 2021 the vendors employed prominent architects Designgroup Stapleton Elliott to do a preliminary design for four different combinations of building layout and uses, including mostly residential terraced housing and some commercial buildings.
“These concept plans canvassed a range of options and explored the potential of developments varying in size from 26 to 37 units, which shows the significant potential that is on offer at this site.”
Katikati is known as the ‘Mural Town’ of New Zealand and the main street offers a great selection of shops, banks, cafes, bars, and restaurants. Recently there have been several new areas of residential land opened up for development.
On census night in 2018 the town had a population of 5,010 (up from 4,059 in 2013). The current population is estimated at 5,460, while there is a large population in the surrounding areas as well as a high number of people passing through the township on State Highway 2.
The growth in Katikati is part of a wider trend in Bay of Plenty and in the year to June 2020, the area had the biggest regional population growth in New Zealand with an increase of 2.8 per cent, according to Stats NZ.
“The rural areas surrounding Katikati have also proven to be prosperous spots for growth following the recent boom in the kiwifruit and avocado industries,” Davidson says.
“This property presents the rare chance to secure a sizeable piece of land that can be developed for a range of uses in a growing location and we recommend all prospective buyers do their due diligence and contact us immediately as we expect there will be strong interest in this site.”
- Article supplied by Colliers
