An expansive greenfield site for sale on the edge of Levin is poised for a major housing or retirement village project catering to soaring demand fuelled by key regional roading improvements.
The more than 15-hectare freehold landholding sits within the Horowhenua town’s northern boundary and close to state highways 1 and 57.
On the market for the first time after 36 years of family ownership, the residential-zoned land presents a rare large-scale opportunity to subdivide and sell residential sections or develop new housing within a handy commute of Wellington and Palmerston North.
The land lies about five minutes’ drive from Levin’s town centre, with proximity to supermarkets, transit connections, primary and secondary schools, along with Horowhenua District Council buildings and related services.
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Sporting facilities, nature walks and beaches round out an appealingly broad local offering for residents of any future development.
The approximately 15.5 hectares of land comprised in one title at 90 Roslyn Road is being marketed for sale through Karl Cameron of Bayleys Palmerston North and Jo Stewart of Bayleys Wellington.
Sale is by way of a tender closing on Wednesday 6 December.
“With huge road frontage providing multiple access points, this largely flat and slightly elevated land with sweeping views is ripe for a developer to unlock its huge potential,” said Cameron.
“With its residential zoning, plus the continued heavy demand for housing and retirement village development, this sale will attract interest from a wide variety of developers and building companies.
“Currently home to a modest three-bedroom dwelling and implement shed, the site is on offer with vacant possession providing a ready opportunity for a new owner to add significant value.
“A developer or land-banker has the chance to secure the site now and either develop it immediately or over time to satisfy growing demand,” Cameron said.
Roslyn Road is currently home to a mix of residential, rural and farming properties, with some new residential developments also taking place in the area.
“Immense ongoing spending on roading infrastructure is fuelling expansion and demand for residential land and housing in the lower North Island, particularly in locations benefiting from improved commutes to Wellington and Palmerston North,” said Cameron.
Stewart said there was strong demand for land from local and national buyers but few residential land parcels are available.
“The wider region is experiencing enormous growth fuelled by around $5 billion of infrastructure projects proposed and/or underway. The new Transmission Gully Motorway, the completed Waikanae/Ōtaki Expressway and the Manawatū Gorge Motorway under construction connect and underlie the strength and importance of this region.
“As Horowhenua’s largest town, Levin is undergoing a transformative journey encompassing population growth, residential and economic development and the creation of supporting community amenities for a changing lifestyle demographic. The district’s proximity to Wellington and Palmerston North with the new motorways further enhances its appeal,” Stewart said.
The drive time and accessibility from Wellington, in particular, has been greatly enhanced by the new expressway connections significantly boosting demand from this populous market, she says.
“This is seeing more and more Wellingtonians considering a move to take advantage of Horowhenua’s favourable coastal climate, lifestyle choices and more affordable housing, while also remaining within a manageable commute of city-based jobs,” Stewart said.
Article supplied by Bayleys
