19 Kaikahu Road North, Kerepehi, Hauraki

Substantial land bank opportunity

Are you an astute buyer with an appetite for a property with long term development potential? Situated on the northern towns edge of Kerepehi with an elevated position, this multiple title property is primed for future development in both residential and industrial sectors.

The local council has credited the location as a longer term (15-30 years) residential growth area and have identified it as part of their growth strategy, making this block ideal to acquire now and landbank for years to come. Comprising of seven titles; two of these already zoned residential now, the 27.8 hectare (more or less) landholding is currently an established grazing block of easy contoured land, elevated overlooking the Hauraki Plains. Improvements on the property include the tidy three-bedroom brick home.

The property has four access points including State Highway 2 access and frontage, Kaikahu Road North, Rimu Street and McGowan Avenue, this is a strategic location with an area of the land adjacent to industrially zoned properties and well as the residential township. Excellently positioned 95 kilometres from Auckland, 87 kilometres north of Hamilton and 99 kilometres from Tauranga. Just 8 kilometres out of Ngatea, local schooling and services are of a good standard and are easily sourced. A little further a field are the townships of Thames and Paeroa which offer additional amenities and Thames being the gateway through to the beautiful sandy beaches of the Coromandel Peninsula.

If you are a farmer needing a grazing solution with possible future value over the coming years or a developer happy to sit on this property until it reaches its full potential, either way it's worth considering. Opportunities like these don't come up often, you will have to act quick!