Homes or retirement village for greenfield site in growing town
An expansive greenfield site on the edge of Levin is poised for a major housing or retirement village project catering to soaring demand fuelled by key regional roading improvements.
The more than 15ha freehold landholding sits within the Horowhenua town’s northern boundary and close to state highways 1 and 57.
On the market for the first time after 36 years of family ownership, the residential-zoned land presents a rare large-scale opportunity to subdivide and sell residential sections or develop new housing within a handy commute of Wellington and Palmerston North.
The land lies about five minutes drive from Levin’s town centre, close to supermarkets, transit connections, primary and secondary schools, along with Horowhenua District Council buildings and related services.
Sporting facilities, nature walks and beaches round out an appealingly broad local offering for residents of any future development.
The land in one title at 90 Roslyn Rd is being marketed through Karl Cameron of Bayleys Palmerston North and Jo Stewart of Bayleys Wellington, by tender closing on Wednesday December 6.
“With huge road frontage providing multiple access points, this largely flat and slightly elevated land with sweeping views is ripe for a developer to unlock its huge potential,” Cameron said. “With its residential zoning, plus the continued heavy demand for housing and retirement village development, this sale will attract interest from a wide variety of developers and building companies.
“Currently home to a modest three-bedroom dwelling and implement shed, the site is on offer with vacant possession providing a ready opportunity for a new owner to add significant value.
“A developer or land-banker has the chance to secure the site now and develop it immediately or over time to satisfy growing demand.” Roslyn Rd is home to a mix of residential, rural and farming properties, with some new residential developments in the area.
“Immense ongoing spending on roading infrastructure is fuelling expansion and demand for residential land and housing in the lower North Island, particularly in locations benefiting from improved commutes to Wellington and Palmerston North,” said Cameron.
Stewart said there was strong demand for land from local and national buyers but few residential land parcels are available.
“The wider region is experiencing enormous growth fuelled by around $5 billion of infrastructure projects proposed and/or under way,” she said.
“The new Transmission Gully Motorway, the completed Waikanae/O¯ taki Expressway and the Manawatu¯ Gorge Motorway under construction connect and underlie the strength and importance of this region.