A rare big block of Bay of Plenty development land in Ohauti, about 10 minutes' drive south of the Tauranga CBD, is to be auctioned next month.
"Tauranga is a growth area in need of additional housing and there is little doubt this property will be inside or beside the city boundary within a decade" says Jeremy Pryor of Bayleys Tauranga who is marketing the property for sale with colleague Craig Orr.
Pryor says the 20.95ha block at 47 Adler Drive could be subdivided into a small number of lifestyle blocks but the land's higher value probably lies in its subdivision into smaller residential sections.
"One could suggest that the property would be purchased by people wishing to live in the country by the city with grazing and orchard income, settling into a comfortable three-bedroom Lockwood home wrapped in north-facing decks, with gorgeous rural, urban and coastal views," he says.
"But the obvious future for this property lies in its development because this is where Tauranga city is heading."
Features that will be appreciated by planners include its sunny and sheltered position from prevailing winds; several small streams running through gentle gullies; and a pristine waterfall concealed in a vale of trees suggesting that a pretty rural walkway could be incorporated within a residential subdivision.
The property also shares a long boundary with the Kaitemako River which enhances its recreational possibilities. "An established greenbelt and some pine trees add further interest and options for the land's sensitive development," says Pryor.
He says the land is broken into two parcels referred to as Area A and Area B and has been designated to accommodate between 130-180 dwellings on average section sizes ranging upwards from 500sq m depending on the final density.
Area A is within the Ohauiti Urban Growth Area and is zoned for residential development - meaning it could be subdivided without Special Housing Area status.
Area B is a 3ha kiwifruit orchard and grazing property currently zoned for rural use which has been identified as a Future Growth Area in the council's Regional Housing Policy.
Pryor says a council report, on a subdivision application for the inclusion of Area B within the Tauranga Housing Accord, has already indicated a positive outcome for the rezoning proposal.
Tauranga City Council called for public feedback on the Ohauiti land inclusion application last year. The filing of responses closed in November and Tauranga City Council is scheduled to announce its rezoning decision for the land at a meeting on March 17.
The auction for the Ohauiti land is set to take place at Bayleys' Tauranga offices a week later on March 25.
Pryor says interested parties will be expected to undertake due diligence between now and auction day.
The property: Large Tauranga development block.
Location: 47 Adler Drive, Ohauiti.
Agency: Bayleys Tauranga.
Sales method: To be auctioned on March 25.
• Area of 20.95 hectares.
• 10 minutes' drive to Tauranga CBD.
• Two parcels - Area A and Area B.
• Could accommodate 130 to 180 dwellings.
• Could be subdivided into lifestyle blocks.