“These sites represent a rare chance for a purchaser to land bank or capitalize from the high density residential zoning,” says Ben Johnson, commercial agent, with Barfoot & Thompson Commercial, who is marketing 43 and 57 Scott Road for sale by tender closing at 2pm on Wednesday May 5.
Johnson says that the Freehold sites, spanning over 14.5 ha of gently rolling plains, are for sale with vacant possession and encompass stunning lake vistas. “43 Scott Road is the larger of the two sites being 14.12 ha while 57 Scott Road is 3,955 sq m.”
A draft subdivision scheme from Blue Wallace Surveyors Limited accommodates approximately 215 lots across the two sites. “The scheme sets out the potential for up to 40% site coverage and incorporates recreational and storm water reserve areas,” says Johnson, “the average net lot area is 459sq m with lots ranging from 336sq m to a larger 823sq m.”
Access to the site is via Scott Road and currently provides approximately 395m of road frontage to the western side of the property. Once development is complete, a secondary access via Harvest Road will be available.
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“The favourable Living zone under the Waikato Operative Distract Plan allows for standard lot residential and home occupations,” Johnson says, “Churches, schools and places of assembly are expected in the zone, subject to resource consent.”
Johnson says that Te Kauwhata is experiencing rapid growth due to its outstanding location, lifestyle advantages and great roading connections. “This part of the Waikato is revered for its rich, fertile land and is centrally located to in one of New Zealand’s famous wine producing regions.”
Expansion and growth of the Waikato township is being supported via the Housing Infrastructure Fund which will see approximately 3,000 new affordable houses plus associated infrastructure, which will also benefit 43 and 57 Scott Road.
The new Te Huia passenger train from Hamilton to Auckland provides an option for commuters with a station just 20 minutes away in Huntly. The inclusion of more stations is being considered, including one in Te Kauwhata.
“Surrounding population is growing rapidly due to the affordable land and housing options, commutable distance to large cities, local amenities as well as the stunning environment.”
