A large coastal landholding in North Canterbury near Cheviot is being presented to the market for genuine sale offering buyers the opportunity to acquire a site with commanding views and significant development potential.
Located at 694 Gore Bay Road, the 142ha property is held in three titles and comprises a mixture of productive farmland, mānuka and kānuka bush, various pines, and a spring-fed stream, which borders the coastal village of Gore Bay.
The property is currently utilised for stock grazing purposes but has the potential for further development with an approved plan change supported by existing consents to develop and build 83 sections over four proposed stages.
The property, which sits in an area known as Buxton, ranges in contour from flat terraces to steep gullies and rolling spurs. Approximately 65ha is productive farmland with the balance being made up of native bush, steep gullies, and riverbed.
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The Buxton Stream flows through the middle of the property with the gullies growing thick bush, which leaves the productive farmland on the gentle rolling hills and ridges to the northside and southside above the central stream.
The regenerative native bush provides a thriving ecological environment unique to the Buxton Valley.
The subject property is 8km from Cheviot via State Highway 1, while Christchurch's international airport can be reached in approximately 90 minutes.
George Fox, Rural and Lifestyle Sales Advisor at Colliers Christchurch, has been exclusively appointed to market the property for sale via deadline sale closing at 1pm on Thursday 27 November, unless sold prior.
The property was purchased by the existing owners with the intention of developing 83 high-quality lifestyle sections with plots ranging from 400sq m to 5,000sq m offering panoramic views of the stunning Gore Bay coastline.
Fox says the vendor's priorities have shifted offering buyers the rare chance to acquire a large-scale site in a tranquil coastal location.
"The proposed development would have created housing in five clusters to be complemented by tracks, tennis courts, horse grazing, Buxton Stream, native bush, and managed farming," Fox says.
"The property offers some of the very best of New Zealand's treasured coastal lifestyle. With prime views over the Gore Bay Beach and coastline, Buxton presents exclusive and sustainable living, either as a permanent or holiday resident.
"The boundary of the property runs approximately 1.2km along the terrace that fronts Gore Bay and extends 1.8km inland.
"There are multiple ways a buyer could utilise this land from creating a smaller development to meet their own needs, subject to the relevant consents, while enjoying the tranquillity of the area through to pursuing a larger development as outlined in the proposed plans."
Fox says with Cheviot only a short drive away, there's access to a range of key services.
"Nearby Cheviot offers a supermarket, cafes, retail stores, schools, and a golf course.
"The surrounding area has a host of lifestyle and recreational activities, while Christchurch is accessible and further north the popular tourist destination of Kaikōura awaits.
"Opportunities to acquire land such as this are rarely found on the open market."
- Supplied by Colliers
