Quality land ripe for development in Rotorua

Great West Road, Pukehangi, Rotorua

Tender

Proposed Usage
Development Site
Description:
Property ID
1bzrd4t

Asking price plus GST (if any).
Seize this rare opportunity.
An outstanding opportunity to play a key role in the future of Rotorua presents itself with the sale of prime real estate comprising the final stage of the highly successful Baxendale subdivision. Given Rotorua's current robust economic state, this is a superb time to be investing in the city's development and growth. The sale follows hot on the heels of the Stage 3 sell-out in May 2017 which saw 200 people pack an auction room to purchase 24 lots and generate sales totally $6,183,000. Demand for sections in this popular and sought after city enclave is clearly evident. The land is offered for sale by the Hunt family whose history in shaping the residential fortunes of Rotorua dates back to the 1940's. But with time comes change and the family has decided to pass the baton on to another developer to realise the last piece of potential in this piece of quality real estate. The balance of the land comprises 6.946 hectares (more or less) including seven sites which effectively are a continuation of Matipo Heights but with access off Great West Road. The consent process for these seven sites is well under way with Rotorua Lakes Council. The remaining 5.4 hectares (more or less) is predominately flat and incorporates several stream frontage sites. In all, there are 48 proposed lots zoned residential and ripe for development.

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Pukehangi Area