Two adjoining freehold development sites in northern Hamilton are being presented to the market for sale and will be highly appealing to developers who are looking to secure a sizeable landholding for a future project.
The total land area amounts to approximately 19.6522ha comprising 16.2150ha from part of 641 Horsham Downs Road and 3.4372ha from 193B Osborne Road.
The property is located near Rototuna North, an area that is pegged for extensive future development. It is part of the wider Rototuna suburb that is one of the fastest growing in Hamilton, and has more than doubled in size since 2006, according to data from Stats NZ.
The sites, which are of a mostly level contour, are being sold as one combined lot and offer excellent connectivity to the Waikato Expressway, while the Hamilton CBD is only 15km away.
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With the Hamilton Expressway readily accessible, future occupants will be only 116km away from Auckland and a similar distance to Tauranga, opening up the opportunity to comfortably travel throughout New Zealand’s ‘Golden Triangle’.
Colliers Hamilton Director Alan Pracy has been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Thursday 29 June, unless sold prior.
Pracy says this major landholding offers buyers the opportunity to secure a considerable stake in an area of the city that will continue to undergo further intensification.
“Buyers will recognise the long-term value on offer here and will be able to take their time to strategically plan their future moves for the site,” Pracy says.
“The site will also pique the interest of land bankers who may choose to add it to their portfolio of assets given the area’s proximity to key transport links that provide motorway access or a smooth trip into the centre of Hamilton.
“The sought-after area of Rototuna remains highly desirable among locals and has undergone significant change since 2007 with residential developments and family friendly amenities.”
The subject property is only a few kilometres from central Rototuna, an affluent suburb of Hamilton with a number of large, modern homes that is popular among families and offers a comfortable commute into the CBD.
The area has enjoyed continual investment and the growth has been matched by the expansion of an array of education facilities, including multiple primary and secondary schools, and early childhood education centres.
There’s also a public library and medical centre that support local retail and hospitality offerings.
Data from Infometrics highlights the ongoing growth of Hamilton, which has accelerated on multiple fronts during the past five years.
The city’s GDP has grown at a higher rate than the national average every year since 2018, while their population has expanded quicker than the national percentage increase year-on-year for the past two decades.
“The continual growth of Hamilton based on people and GDP has led to extensive job creation in the city,” Pracy says.
“The manufacturing and construction industries have proven appealing for people to work in, which has been underpinned by the growth of businesses in those sectors.”
- Article supplied by Colliers
