Cambridge Site Primed for Multi-Home Project

A large strategic landholding for sale is poised for a multi-home residential project in a pivotal location in fast-growing Cambridge.

The approximately 13,555 square metres of flat, Medium Density Residential-zoned land sits near main arterial Victoria Road in the north of the Waikato town. The freehold property comes with resource consent for 39 new homes.

Bayleys salesperson Willem Brown says a position, handy to the town centre, shops, schools, recreational facilities, and community infrastructure – with excellent local and regional transport links – makes it ideal for new housing.

“This prime development-ready land neighbours other new housing in a fast-growing residential precinct with excellent access to the Waikato Expressway and Hautapu Industrial Precinct.

“With a new medical hub and elective surgery hospital being built next door, this is a location on the rise with growing appeal to both owner-occupiers and tenants. This, and the existing resource consent, combine to deliver a compelling development window,” says Brown.

The freehold land across two titles at 40 and 41 Sir Tristram Boulevard is being offered to buyers by deadline private treaty closing on Thursday 30 July. The sale is being marketed by Brown, along with David Cashmore, of Bayleys Hamilton.

Cashmore, who heads Bayleys’ Waikato commercial team, says development possibilities are underpinned by the site’s Medium Density Residential zoning under the Waipa District Plan.

“Designed to boost the capacity and choice of housing for a growing population, this zoning enables development potentially up to three storeys in various forms, including detached homes, townhouses, and low-rise apartments.

“The zone anticipates a net density of at least 25 to 35 dwellings per hectare, once public spaces and infrastructure have been provided for,” says Cashmore

Demand for housing is assured in a relatively affluent town that is seeing sustained expansion, he says.

“Cambridge is Waikato’s third-largest urban area, after Hamilton and Taupo, and its population has leapt by more than 60 percent in 20 years, to around 23,000.

“Waipa District Council estimates more than 200 new homes a year will be needed to meet the town’s growth to mid-century – heavily focused in the north and west, alongside industrial expansion in Hautapu,” Cashmore says.

With a local economy underpinned by dairy farming, high-performance sport, tourism, and the lucrative Cambridge-centred equine industry, the district’s median income is 9 percent higher than the national median.

“This buoyant economy, with powerful future growth drivers supporting ongoing demand and value, underpins the long-term appeal of investing in the area,” Cashmore says.