Waikato farmland suits development

6:38 PM Friday October 13, 2017 True Commercial

The 135ha farm is on Horsham Downs Rd on the edge of Hamilton’s northern city boundary. Photo / Supplied

A compact dairy farm on the edge of Hamilton’s northern city boundary is for sale, with agents predicting the land will most likely be converted into new housing as part of the city’s urban sprawl.

The 135ha farm is on Horsham Downs Rd on the city’s northern urban limit currently sustains the milking of 430 cows – producing a three-year-average of 134,490 kg of milk solids.

However, Bayleys Waikato salesperson Mike Fraser-Jones says its future is most likely to replicate the emerging residential development seen immediately across the road at the intersection of Horsham Downs and Kay Roads.

“With Hamilton’s burgeoning residential growth continuing to push out the city’s urban boundaries, it’s not difficult to suspect where the property’s future lies … in housing,” Fraser-Jones says.

Fraser-Jones says leasing the property or operating it in conjunction with a sharemilker — such as the arrangement currently in place — would provide a holding income while any large scale redevelopment plans were drafted and submitted to Waikato District Council for consent.

The farm is zoned Rural 1A under Waikato District Council’s plan, and consists of three separate titles ranging in size from 36ha up to 54ha.

The freehold property is being marketed for sale by tender through Bayleys Hamilton, with tenders closing November 16.

Fraser-Jones says the milk production levels at the farm had been achieved with the assistance of an adjacent 14ha block which was not part of the offering for sale, but could be leased by negotiation.