Mortgagee Tender closing July 13 at 4pm

Spencerville Road, Canterbury

Tender

Proposed Usage
Development Site
Floor Area
640000.00 m²
Land Area
640000.00 m²
Description:
Property ID
1btfbk0

JLL are pleased to have the exclusive pleasure to offer for sale 240-242 Spencerville Road, Ouruhia.


The land currently comprises of a 64 hectare (approximate) irrigated grazing property with two comfortable dwellings. Also included are two implement sheds, two garages and four wells.
The property currently contains two dwellings, 242 Spencerville Road has a 179sqm floor area and is currently vacant and 240 Spencerville Road with a 215sqm floor area which is tenanted until 15 June this year. Both dwellings are in good condition. The property also has numerous sheds and farmland which has great leasing potential.

A zone change was granted for a proposed development which would see the property to have the possibility of 15 x four hectare lifestyle blocks. This stems from the planned Whisper
Creek Golf Resort, which would incorporate adjoining properties for an 18 hole golf course, 141 residential sites and 113 apartments. However, this has never proceeded.

The property benefits from well water, septic tanks, electricity and telephone cabling and has an extensive lane system which is currently used as a run off and grazing area for an adjoining dairy operation.

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Canterbury Area