A livestock grazing farm on the outskirts of Napier – with potential for subdivision into multiple premium lifestyle block residential sections – has been placed on the market for sale.
The 89.59-hectare landholding for sale is located at Poraiti on Napier’s western boundary and is zoned rural residential under the Napier City Council Operative District Plan.
Elevated portions of the property enjoy the expansive Pacific Ocean in one direction and mountain views in the other direction. The farm currently has two dwellings on-site, as well as a woolshed and stockyards. Most of the property is pasture grass, with concentrated mature tree plantings along part of its northern aspect.
The 89.59-hectare block of freehold land at 239 Puketitiri Road at Poraiti is being marketed for sale by tender through Bayleys Napier, with the tender process closing at 4pm on May 12. Salespeople Kerry Geange, Jodie Woodfield, and Michael Su said the property offered a once-in-a-generation opportunity to create a landmark subdivision.
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“There is the option, subject to council consent of course, to subdivide the property into smaller sections to deliver a new rural lifestyle block element to Napier’s existing housing stock.,” said Geange.
“Puketitiri Road runs alongside an extensive portion of the property – providing the opportunity for creating multiple entry points to any subdivided sections on the estate.”
Napier City Council’s rural residential zoning for Puketitiri Road identifies that the minimum average section size for addresses in the locale can be 1.5-hectares per dwelling.
“Of course, the permutations could be configured to deliver bigger sections under a less intensified model. The property’s topography for example almost looks like a hand – with several finger-like elevated ridgelines overlooking the valley immediately below and mountain or sea vistas on the horizons,” said Geange.
“Demand for housing in Hawke’s Bay is high - with a local growing population and people wanting to build. Being on the outskirts of town, Poraiti is a popular commuter suburb for Napier, Hastings, and Havelock North, thanks to investment in the regional roading infrastructure over the last decade.”
Geange said the property was located five minutes’ drive from State Highway 2,
12-minutes to Napier’s central business district, 20 minutes’ drive to Hastings’ central business district, and 25 minutes’ drive to Havelock North’s central business district.
Napier City Council’s Long-Term Plan 2021 – 2031 forecasts that some 1,853 new residential dwellings will need to be built in the city over the coming nine years to cope with the predicted population growth in the province.
Geange said the precedent for residential subdivision conversion in this part of Hawke’s Bay had already been set – with Bayleys Napier selling a similar substantial property at nearby Mission Hills last year.
The 207-hectare block of mixed contoured land which sold last year is to be developed into a master-planned mix of conventional residential properties, and lifestyle block residences – with construction of the first homes potentially commencing as early as next year.
Geange said that the sale reflected a strong belief in the area’s future residential growth – and would give underlying confidence to potential buyers of the latest Puketitiri Road development block with its peaceful surrounding rural countryside ambience. The property is surrounded by similar properties operating as working farms.
The other site – which sits immediately adjacent to the historic Mission Estate Winery is also accessed off Puketitiri Road. The purchaser was a consortium of highly experienced North Island urban property developers – consisting of Hawke’s Bay business Wallace Development Company and interests of the Gillespie family, Tauranga-based Carrus Group, and Higgins Family Holdings Limited based in Palmerston North.
“Residents of any new sections at this latest Puketitiri Roadblock to come up for sale will be able to piggyback off the social amenities which will eventually emerge at the Mission Hills enclave - including a neighbourhood retail hub and recreational activities,” he said.
“In the coming decade, the western portion of Poraiti will be a hub of activity - showcasing an exciting and prosperous new evolution in Napier’s urban growth.”
- Article supplied by Bayleys
