Waikato landholding close to racetrack and fast-growing Te Kauwhata
A rural Waikato property right next to the Hampton Downs race track and within minutes of the growing Te Kauwhata residential community is on the market through Colliers International.
Located almost midway between Auckland and Hamilton, the 53.8ha freehold property at 61 and 61A Hampton Downs Road is for sale by deadline private treaty closing at 4pm on Thursday, 14 December, unless sold prior.
Colliers International Site Sales brokers James Appleby and Cherry Higginson, who are marketing the property with Alan Pracy of Colliers’ Hamilton office, say it offers buyers a broad range of options.
“This is a significant opportunity for agricultural users to own and occupy their first farm, or expand their existing rural landholding,” Appleby says.
“Split across five freehold titles, the property offers potential to subdivide into smaller farms or lifestyle blocks.
“With some 2,600 homes scheduled to be built in nearby Te Kauwhata, it is also an opportunity for land-bankers to acquire a strategically located rural site with a view to a future change of use.”
Appleby says the property is ideally positioned within the North Island’s so-called ‘Golden Triangle’ of Auckland, Hamilton and Tauranga.
“The property is in the heart of the rural township of Hampton Downs, close to the Government-supported Te Kauwhata residential development,” he says.
“It directly neighbours the popular Hampton Downs Motorsport Park, making this an ideal opportunity for rural dwellers with a passion for the race track.
“Close by is the interchange with the Waikato Expressway – a safer, more efficient stretch of the existing State Highway 1 connection that will significantly reduce travel times between Auckland and Hamilton once fully completed.
“With Hamilton only 55km to the south and Auckland’s CBD some 68km to the north, the property offers excellent amenity within less than an hour’s drive.”
Higginson says the neighbouring Hampton Downs Motorsport Park comprises a purpose-built race track with an integrated industrial business park and live-work housing.
“The 450ha development includes a motor lodge, lifestyle blocks, 80 trackside apartments and a convention centre,” she says.
“It will also soon include a 68-room, four-star hotel, which the Hampton Downs Motorsport Park estimates will attract more than 100,000 potential customers.
“The park itself offers three different track configurations as well as two different skidpan areas – one for driver training and the other for drifting,
“It also has a special SUV course and a go-kart track with two track configurations.”
Pracy says the property, which is currently being used as a dry stock farm, has a number of sheds and reasonable fencing throughout.
“Like most of the Waikato District, the property is zoned for rural use,” he says.
“This zoning allows for traditional agricultural uses, such as extensive dairy and sheep farming, as well as horticulture, with rural residential lifestyle lots interspersed.”
Pracy says the zone’s rules seek to maintain rural land for productive rural activities, and manage activities so that the effects of traditional farming can be accommodated alongside existing lifestyle blocks.
The zoning also aims to provide a level of lifestyle choice, and to preserve landscape and ecological values.
“Land users are expected to accept existing levels of amenity and the effects of rural activity, including livestock movements, agrichemical spraying, use of farm machinery, seasonal operation of bird scarers, odour and night harvesting.
“Mineral extraction and intensive farming are also expected in the zone, subject to resource consent.”
Pracy says residential development is kept away from these activities, to avoid reverse sensitivity issues.
“However, the proximity of the motorsport park and Te Kauwhata residential developments suggests the area could be unlocked for redevelopment in the long-term, subject to a change of zoning.”
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