It's a dairy farm now, but this land near the River Thames has potential for residential development, according to reports from Thames-Coromandel District Council.

BAYLES

It’s a dairy farm now, but this land near the River Thames has potential for residential development, according to reports from Thames-Coromandel District Council.

Nearly 200 hectares of farmland next to the Thames golf course is up for sale, and agents say large-scale housing could be in its future.

The farm is on the south-eastern edge of the River Thames and Thames-Coromandel Borough Council has flagged it as a site for future medium-density housing, according to a statement from Bayleys.

A housing shortage has already been reported across the Thames, which the mayor says makes it difficult to recruit older workers into care and education and emergency personnel.

Over the past decade, less than 40 homes have been built a year in the Thames, and a council report said well-paying jobs were not being filled and workers were commuting from areas such as Hamilton , Paeroa and Huntly.

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A slightly elevated ridgeline runs through the middle of the Paeroa Kopu Road property, and there are also some valleys of mature trees.

BAYLES

A slightly elevated ridgeline runs through the middle of the Paeroa Kopu Road property, and there are also some valleys of mature trees.

But the 188-hectare agricultural block for sale – 9528 Paeroa Kopu Road – has been flagged as having potential for future housing development.

The council has signaled its rezoning for future medium density housing to address the housing shortage and cater for the growing population, as set out in the Thames and Surrounds spatial plan.

Most of the land is currently zoned for rural use.

“With consent already in place for the creation of nine lifestyle blocks on the northern part of the property, there is scope to undertake a staged development of the larger farm over an extended period to provide cash flow in the long term”, agent Graeme says Périgo.

“Of course, there is also the possibility of simultaneously developing the medium-density part of the farm over a much shorter period.”

The property has a slightly raised ridgeline in the middle, agent Ben Clare said, “overlooking the sunken flats on one side, and the gently sloping contour bordering the golf course on the other”.

“At the top of the farm are several valleys of mature trees – which add another dimension to the potential for creating lifestyle block sections.”

Partially metalized railway tracks could be a starting point for new roads in a residential development, they said.

A nearby electrical substation also ticks the utility box for planning a new residential development.

The property is currently a working dairy farm with a full milk shed, manure treatment and inventory management infrastructure in place, and has a main three bedroom farmhouse and a second three bedroom guest accommodation. the staff.

The property is jointly marketed for sale by tender through Bayleys Thames and Bayleys Silverdale Commercial, with the tender closing on July 28.

Tenders for the property - 9528 Paeroa Kopu Road - close July 28.

BAYLES

Tenders for the property – 9528 Paeroa Kopu Road – close July 28.