Greenfield site ‘next cab off the rank’ for Pa¯pa¯moa development
An unblemished rural site on the edge of Pa¯pa¯moa’s urban centre offers versatile use options for investors seeking fresh territory in the highgrowth Bay of Plenty region.
The 5.94ha bare land site presents a freehold opportunity at 140C Domain Rd, a pivotal location with 82m of frontage to the main arterial between Pa¯pa¯moa town centre and the Tauranga Eastern Link motorway.
Bayleys salesperson Brendon Bradley says the landholding presents “the next cab off the rank” in terms of development potential as Pa¯pa¯moa’s urban sprawl continues to push southwest to answer the demands of a growing population.
“Currently zoned Rural, there is significant scope for upside subject to resource consent or future rezoning, which purchasers could achieve via a private plan change application.
“The current Government campaigned with the promise of encouraging greenfield development to fasttrack housing supply in key locations and removing red tape from the consenting and construction process. These are positive attributes for developers looking at current opportunities and planning for the future.
“The subject property, which knocks on the door of an established residential area and benefits from a scarcity of available commercial land with scale, features multiple options for future use.”
Bradley is marketing the property for sale by deadline with colleague Ryan Bradley. Offers close 4pm, Wednesday April 24, unless sold prior.
The land is predominantly flat, having an irregular shape with straight boundaries.
Ryan Bradley says a plan change submission and appropriate council approvals could rezone the site into a residential development with commercial zoning and green space.
“While the site presents significant potential for growth and expansion, developers will understand that every opportunity comes with unique challenges.
“The site's analysis has identified opportunities for improvement in soil quality and flood resistance to ensure the long-term viability and safety of future development works. Such enhancements serve not only to address current challenges but also contribute to the overall sustainability and resilience of the immediate development area.
“Several high-profile developments locally, including the billiondollar town centre at Pa¯pa¯moa East and The Sands town centre, reflect successful sustainable development and risk mitigation, giving underutilised rural land a superb new vibrant metropolitan life.
“There is potential for smallerscale development at the subject property, which would present flexible use options that would optimise land use to better serve the growing community’s needs.”
With a population expected to exceed 40,000 by 2028, Pa¯pa¯moa is a prime focus area for developers.