Bayleys Rotorua saleswoman Beth Millard said the sizeable landholding for sale was in two individual titles - each offering different scale and aspects for future residential developments.
"The first is a 1.54ha portion of hillside land, from which seven larger sections could be subdivided out of. The second tranche is a 5.4ha swathe of predominantly flat land which could be subdivided to create potentially 48 new residential plots - some of which will have stream frontages."
Ms Millard said the Matipo Heights block accessed off Great West Rd was being sold with the initial scheme plan drawn up to show how the land could be subdivided. A formal subdivision consent application had been lodged with Rotorua Lakes Council, and she said this was going through the due review processes.
"These initial concept designs will leave any new owner the opportunity to either take on board the proposed plans, or look at overlaying their own development masterplan with a different configuration.
"If consenting approval is granted in an expedient manner, initial groundworks for the installation of roading and utility services on the new sites could begin in the upcoming earthworks season.
"Potentially we could see the resulting 55 sections coming to the market."
Ms Millard expected section sizes to eventually replicate many of the residences sold in the neighbouring Baxendale enclave - where plots ranged from a conventional 686sq m up to 1196sq m.
She said Bayleys would be open to working with the eventual buyer of the lots to offer sections in the new development to the scores of unsuccessful under-bidders from the Baxendale campaign.
"The sell-down of Baxendale in May spotlighted just how much demand there was for new-build sites in this very desirable part of the city - with easy access to the central business district."
