Welcome Bay property offers development potential
Anyone searching for an outstanding farm which offers potential to add considerable value to their investment, should take a look at this rare opportunity in Waitao Rd, Welcome Bay. The property, which features four titles totalling 292.47ha (more or less), is being marketed by Steve Low of Bayleys Tauranga, who describes it as a truly exceptional - and an exciting prospect. He says it’s a trophy farm of the kind that very rarely comes on to the market, and represents an amazing opportunity that any prospective buyer should consider carefully.
Occupying an elevated position in rolling hill country with stunning views that from various points stretch out over Tauranga city and harbour, to iconic landmark Mauao and across the ocean past Mayor Island to the Coromandel coast. The property also provides views of the superior quality lifestyle properties that have been established on neighbouring land, bringing home the huge potential this farm could offer new owners. The farm contains interesting pockets of native bush with a thriving population of native birds, and resident deer regularly range across the land.
What will interest investor/farmers in particular, is the potential for a lifestyle subdivision being developed on the eastern boundary. Steve says a wideranging ecological assessment has been completed for proposed Riparian Margin Protection lots. The report says that across the entire farm there is the potential to release at least 11 protection lots.
Approximately 90ha of land has have already been set aside and is now in various stages of being planted in native trees and plants. An incredible 95,000 plantings have been done since 2016, showing the present owners’ deep commitment to sustainability and conservation so that this land can also be enjoyed by future generations.
A lifestyle subdivision on the eastern boundary could create lifestyle blocks with amazing views, native bush and road access from Garrett Rd.
The farm is straightforward to work, with a total of 72 well established paddocks, well-formed central roads, a three-bay woolshed, covered yards, stockyards, and well maintained shedding. The entire property has undergone recent renovation work, and fencing and gates across the property have been renewed to enhance both security and the farm’s quality appearance. The water supply has also been upgraded. The farm includes two dwellings. The three-bedroom main home is at the top of the farm, backed by trees and native bush which provide shelter and a high degree of privacy. The second dwelling is the manager’s cottage and is handily located next to the woolshed. It has two living areas and two bathrooms, with garaging for a single vehicle. Additional accommodation is available in the main shed, adding an extra degree of versatility.
“This is a trophy farm, strategically located close to Tauranga and packed with potential if looking to diversify or develop.” says Steve.
Take a virtual tour through the farm at: https://www.nz.open2view.com/ properties/568574/tour#virtual