A rare chance to purchase a comprehensive mixed-use masterplanned development site, with resource consent approved for the first stage of the subdivision, will appeal to large-scale developers, particularly given broad support from local stakeholders, Bayleys salespeople say.
Located some two kilometres from Hamilton’s largest shopping centre and the Rotokauri Transport Hub, Edin Rotokauri provides for up to 1,500 residential dwellings across 108ha (more or less), with the potential to increase the yield through greater density.
A planned neighbourhood centre will feature local retail amenity and there is also provision for a primary school.
Bayleys director of corporate projects Gerald Rundle says development opportunities of its scale and magnitude are extremely rare, and the project offers a new purchaser the chance to step in at the construction phase.
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“The opportunity to create Edin Rotokauri was enabled through the well-supported Private Plan Change 7 – Rotokauri North, which rezoned circa 140ha of Future Urban zoned land, of which Edin Rotokauri is a part.
“The development is ready to go, with resource consent already issued for the first of four planned stages.
“Confidence in Rotokauri is reflected in contractual commitments from a range of private and public entities, including Ministry of Education, Hamilton City Council, Kainga Ora and several residential builders.
“This is further reflected by an area within the project’s masterplan, already pre-sold to Hamilton City Council to provide a community park and preserve the existing 1.2ha eco-forest.
“Infrastructure for the site will be progressed through a Private Development Agreement between the developer and the Hamilton City Council, with significant investment in the wider public infrastructure supporting the development already completed.”
Rundle is marketing the opportunity for sale with Bayleys colleagues Mike Houlker and David Cashmore by way of deadline, closing at 4:00pm, on Wednesday 25th October 2023 (unless sold prior).
Purchasers are invited to make offers on the following basis:
-The land outright (stages one, two, three and four) comprising 108ha (more or less);
-Stages one, two and three together comprising 75ha (more or less);
-Stage four separately, comprising 33ha (more or less).
Bayleys director of commercial and industrial Mike Houlker says the chance to acquire and develop a premium new community in the country’s economic hub presents an unrivalled opportunity for large-scale developers.
“There is enormous value in the strategic location of Edin Rotokauri, which will naturally become a gateway between Auckland and Hamilton.
“Estimates show the proportion of New Zealanders living within the ‘Golden Triangle’ will increase by 56 percent in the two decades to 2048, providing a significant opportunity to emulate the success of similar communities like Auckland’s Hobsonville,” he says.
The landholding comprises 14 titles with extended road frontages to Burbush and Te Kowhai (State Highway 39) Roads and State Highway 1C directly to the east.
There will be access to the water, along with the eco-forest and greenway corridors, via designated cycling and pedestrian links, both within and beyond the community.
Plans for the development feature various housing typologies, including standalone dwellings, duplex homes, and terraced houses, in addition to a neighbourhood centre, which will provide local retail amenities and reserves, a community park, and a primary school.
Bayleys Waikato commercial manager David Cashmore says the geographical fundamentals have engendered broad support from the community, given a strong appetite for sustainable development to increase housing supply.
“Edin Rotokauri is designed to provide a high-quality urban environment, worthy of Hamilton’s ongoing growth profile as one of New Zealand’s fastest-growing metropolitan centres.
“The Hamilton City Council supported the Private Plan Change 7 and in addition to their community park and eco-forest, an agreement has been reached with the Ministry of Education to acquire land for a new primary school, while a Tangata Whenua Working Group has been established with local Iwi, who are very supportive of the proposed development.
“Contractual commitments from these bodies, including Kainga Ora, which has an agreement for 188 KiwiBuild homes, and private residential building firms, reflect a high degree of confidence in the project and its ability to leverage Hamilton’s economy into the future.
“The scale, location and advanced stage of Edin Rotokauri means it ranks as one of the country’s best ‘ready to go’ development projects, presenting an unrivalled opportunity for purchasers to create a legacy in New Zealand’s fastest-growing metropolitan area,” he says.
- Article supplied by Bayleys
