Three neighbouring properties with significant development potential in a rapidly growing location in the north-east of Hamilton are being presented to the market for sale.
164A, 164B, and 176 Gordonton Road sit in a semi-rural setting only minutes from the sought-after suburb of Rototuna and have a combined total landholding of 6.08ha.
The properties, which are positioned in the Ruakura 2 (R2) Growth Cell and are zoned Rural Industry Zone A, all have existing dwellings on their respective sites and can be purchased in one line or individually.
The R2 Growth Cell is part of the Government’s list of Fast-track projects that will see approximately 132ha of land subdivided and developed for residential allotments with 35ha for industrial use, and a neighbourhood retail centre.
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Rototuna and the surrounding area has experienced significant residential and commercial development during the past 15 years with new schools opening to meet the needs of the community.
Rototuna sits approximately 10km north of the centre of Hamilton and offers a broad array of amenities. The subject location also provides easy connectivity to nearby transport routes, including State Highway 1, which is only moments away.
Alan Pracy, Director at Colliers Hamilton, and Vaughan Heslop, Commercial & Multi Unit Sales Broker at Lodge Real Estate have been appointed to market the properties for sale via deadline private treaty closing at 10am on Wednesday 10 December, unless sold prior.
164A Gordonton Road has a 220sq m five-bedroom home that was built in the 1970s and sits on a 1.18ha landholding.
Meanwhile, the modern four-bedroom home at 164B Gordonton Road measures 315sq m and sits on an 8,053sq m site.
176 Gordonton Road is a generously sized 4.05ha lifestyle section. The 226sq m family home has four internal bedrooms with an additional room and bathroom off the triple-car garage, which is ideal for extended family or guests.
Pracy says there are numerous options for prospective purchasers to consider given the potential on offer.
“This is a major landholding in a key growth node of Hamilton that is expanding quickly. Buyers can acquire one property or the entire parcel. If a developer was to purchase all three properties the opportunity exists to create a large-scale development with multiple homes,” Pracy says.
“Those buyers looking for a lifestyle property that offers access to a range of nearby services may also be attracted to this offering. Someone could buy one of these homes and live in it and add value before exploring development options in the future.”
Rototuna and its neighbouring suburb of Huntington is considered the fastest-growing community in Hamilton.
The area benefits from green spaces, parks, schools that cater for all ages, including Rototuna Junior and Senior High Schools, and a public library and medical facilities.
The nearby area offers access to the Rototuna Shopping Centre, St James Shopping Centre, Horsham Village, and the Kinfields development that was previously known as Rototuna Village. These shopping destinations provide access to supermarkets, food retailers, and other essential service businesses.
Heslop says the properties are well positioned to benefit from the ongoing change that is happening around them with new residential developments continually taking shape in the north-east of Hamilton.
“This location has rapidly established itself as a highly desirable place to live for families given its proximity to schooling, access to outdoor activities, and amenities,” Heslop says.
“The area is earmarked for significant future residential and commercial expansion and offers buyers the chance to secure a strategic and flexible investment that has considerable potential.”
- Supplied by Colliers
