This approximately 7.3-hectare subdivision presents a fully resource consented, turnkey development opportunity, ready for immediate progression.
All planning approvals are in place, meaning the project is effectively “shovel ready.” The remaining work is limited to earthworks and the installation of infrastructure to achieve final titles, positioning the development for sale within a relatively short timeframe.
The land features a medium to rolling contour. The upper portion of the site is consented for five lifestyle lots of approximately 5,000 sqm each, along with a sixth lot of 1.27 hectares. The balance of the property, approximately 3.05 hectares, occupies the lower-lying area.
A practical and efficient cut-and-fill plan has been established, allowing topsoil and overburden from the upper sections to be utilised to enhance the lower portion of the site, creating additional usable development platform.
Key services, including town water, sewer, and power, are available at the boundary. The property also benefits from well-established access, with a formed entrance directly off State Highway 2.
This is an ideal opportunity for both experienced developers and those entering the development space, offering a straightforward project with minimal upfront complexity. With strong demand for lifestyle sections in the area and limited supply, the completed lots are expected to be well received by the market.
Paeroa continues to grow as a desirable location within the Waikato, strategically positioned between Hamilton and Tauranga. This central location enhances both lifestyle appeal and future value.
The resource consent provides a 10-year development window, offering flexibility to proceed immediately or hold as a landbank opportunity for future development.
Development opportunities of this nature, with all approvals secured and groundwork completed, are increasingly rare. This project is now surplus to the current developer's requirements, creating an exceptional opportunity for the next party to capitalise.
For further information or to discuss this opportunity in more detail, please get in touch today.
Property Files: https://www.propertyfiles.co.nz/property/7337StateHighway2
