A sizeable greenfield landholding for sale offers developers an opportunity to deliver a significant residential project in a strategic growth corridor between Hastings and Havelock North.
The approximately 2.96 hectares of flat land across three freehold titles, on Havelock Road, borders established housing in an area poised for urban expansion on Hastings’ southeastern urban fringe. Future residents will be within easy reach of key services, transport links, schools and community amenities.
With residential zoning and council strategy supporting development and intensification, plus the on-site advantages of an existing cul-de-sac and reticulated services, the land is being marketed by Bayleys Hawke’s Bay for its ‘turn-key’ potential.
“This opportunity aligns strongly with Hastings District Council's Future Development Strategy, which supports increased housing supply, encourages intensification close to established infrastructure and services, and provides a planning framework to accommodate population growth across Hastings and Havelock North,” says Bayleys salesperson Matt Webb.
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“With scale, servicing, zoning, location, and close alignment to the district's long-term housing objectives, this is a compelling opportunity for developers to deliver a housing project of significant note in one of Hawke's Bay's most desirable growth markets,” Webb says.
Existing buildings on each of the three titles offer new owners a net holding income of $78,963 plus outgoings and GST per annum while they progress with planning, consenting, design and approvals.
The property at 246, 250 and 258 Havelock Road is being offered to buyers by way of a tender closing on Thursday 3 September (unless sold prior). The sale is being marketed by Webb, and Bayleys colleagues Kerry Geange and Tony Knaggs.
Geange says the scale, and workable shape and topography of the sites lend themselves to cost-efficient subdivision design and civil engineering.
“Buyers can rest assured that water, wastewater, stormwater, roading, and standard utilities, are already established and capacity confirmed, allowing new residential connections.
“With the favourable contour, regular site shapes, full urban services available, and rented dwellings delivering holding income, these properties are well-positioned for development under the Hastings District Plan.
“Hastings District Council actively encourages quality residential intensification and offers structured support through the process. Council’s predictable consenting framework helps streamline development from concept through to delivery.
“For local and out-of-town developers, the Havelock Road opportunity stacks up as a clear, well-supported, low friction pathway into one of Hawke’s Bay’s strongest residential growth areas,” says Geange.
The land sits within the General Residential zone under the district plan, as well as the Howard Street Urban Development Area Structure Plan.
Knaggs says a future development here will benefit from being in a well-serviced pocket of Hastings, moments from popular commercial and residential hubs, and beside Parkvale Primary School.
“Positioned on the urban fringe, on an arterial road linking Hastings with Havelock North, this is an established and highly accessible residential area which is seeing considerable growth. These characteristics make it a catchment with a strong buyer pool.
“Hastings’ CBD, and the Havelock North Village are a short drive away, making these sites convenient for business, commuting, and amenities. The suburb of Parkvale to the west, and Havelock North to the east, are desirable locations for new and near-new home buyers due to convenience, and nearby amenities, including schools, retail, trade, employment, and sports facilities.
“Future residents at the Havelock Road sites will also be close to appealing natural amenities, including the Te Mata Peak foothills, Karamu Stream corridor, and extensive off-road cycle trails. Nearby parks and green spaces further enhance the lifestyle appeal,” Knaggs says.
- Supplied by Bayleys
