The property forming part of the former Richmond Park School in the Hamilton suburb of Bader is for sale.
It presents developers with an opportunity to secure a substantial landholding for their next housing development.
Located at 66 Bader Street, the property measures 9,408sq m and is available on an ‘as is, where is’ basis.
The property is just a short drive from popular local amenities such as supermarkets, shops, and parks, as well as being well positioned for commuting to Hamilton’s central city and surrounding areas.
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The CBD can be reached in approximately 10 minutes while Waikato Hospital, the largest medical hub in the region, is only a five-minute drive away.
Future residents of this site will benefit from a neighbourhood that is already fully serviced.
The land is positioned within walking distance of the Bader Street shops, which house essential daily services including the local dairy and takeaways.
Colliers Brokers Alan Pracy and Jason Kelsey have been exclusively appointed to market the property for sale via deadline private treaty closing at 3pm on Wednesday 27 May, unless sold prior.
Pracy, Director at Colliers Hamilton, says the property is a blank canvas opportunity for developers who have the chance to capitalise on a growing need for housing in the area.
“This is the last remaining residential development site of scale in Bader that is available for purchase,” Pracy says.
“One of the most compelling features of this offering is its ‘dual proximity’ as it benefits from being near the city’s main hospital, while also providing convenient access to the CBD.
"This means the land can be utilised for housing targeted at Hamilton’s large medical workforce or city centre office workers.
“Investing in 66 Bader Street means investing in a location that is actively being enhanced by the city’s infrastructure plans.
"Future residents will benefit from the Hamilton City Council’s ongoing Bader Street transport upgrades, which are set to introduce safer cycleways, widened footpaths, and modernised bus stops, creating a connected urban environment.”
The area’s connectivity extends to its ease of access to the wider Waikato region via State Highway 3, while Hamilton Airport is only 15 minutes away.
There are nearby recreational amenities such as Sandford Park and Melville Park, offering green spaces for the community.
The surrounding suburbs also have strong educational facilities, including multiple primary schools.
Kelsey, Commercial Sales and Leasing Broker at Colliers Hamilton, says Hamilton is a rapidly growing city that is tipped for a major population boost in the coming years.
“Data from Infometrics points out the consistent population growth of Hamilton, which has outpaced the national figure for the past decade,” Kelsey says.
“Previous modelling by Stats NZ and Waikato University suggests Hamilton’s population will grow larger than Wellington in the next few decades, pointing to an ongoing need for housing that sites like this are perfectly positioned to fill.
“This site serves as an outstanding opportunity to secure a landholding that can be transformed into a major residential development.”
- Supplied by Colliers
