A substantial farm block overlooking an 18-hole golf course on the outskirts of a prosperous and ever-expanding coastal town and identified for potential large scale residential property development - has been placed on the market for sale.

The 188-hectare farm (more or less) is situated on the south-eastern boundary of Thames' the gateway to the Coromandel Peninsula. The northern portion of the existing dairying unit sits alongside Thames Golf Club, while the property's western boundary has an extensive road frontage onto one of Thames' main arterial routes linking it with the Hauraki Plains.

The land sits between various residential, lifestyle and commercial zonings, and is currently zoned for rural use under the Thames-Coromandel District Council plan. However, there is an existing council consent in place permitting the staged-development of the golf course boundary land into nine large lifestyle-sized residential sections.

In addition, the Thames-Coromandel District Council has also identified the address should be rezoned for future medium density housing under its long-term Thames and Surrounds Spatial Plan - to sustain not only the area's growing population, but also to address the current shortage of new build houses in the locale.

With a population of approximately 8,000 residents, Thames is an hour's commute from both Auckland and Hamilton, and a 90 minute drive to Tauranga.

Properties like this rarely come to market, contact the sole agents for more information.