Jump in now to capitalise on town's growth

Plenty of uses for commercial land in one of New Zealand's fastest growing regions.

Almost 3ha of greenfields development land in two titles on the Omokoroa Peninsula in the Western Bay of Plenty is up for tender, raising the prospect of new commercial enterprises being developed within the growing coastal village.

Mike Adams of Bayleys Auckland and Rob Pinny of Bayleys Tauranga are marketing the two vacant sites with tenders closing on August 22.

Adams says tenders can be made on the land as one entity or as separate titles. The land has three road frontages: Omokoroa Rd, Tralee St and Hamurana Rd.

"There are two adjoining titles - one is 1.694ha and the other is 1ha," Adams says. "The land has been owned by the same family since 1947 when Eoin Cooney bought it and used it for a dairy farm," says Adams.

"Now the time has come for the pastures to morph into commercial development and to form a hub for the Omokoroa community which, says Cooney's family, is what he envisaged nearly 70 years ago.

"The land is zoned Commercial Business. "This opens it up to a number of possible end uses including a supermarket, childcare and garden centre and the like."

Adams says the land provides plenty of options for developers and owner occupiers, and could also appeal to land bankers who are eyeing up the Bay of Plenty for its future growth potential.

"There has been interest expressed by one commercial operator who would be keen to anchor a retail development in Omokoroa, which has evolved from a small rural holiday village to a popular retirement destination and satellite commuter town for those working in Mount Maunganui and Tauranga."

Pinny says the wider Bay of Plenty is the second fastest growing region in New Zealand and Omokoroa has been thrust forwards with major redevelopment of roading, stormwater and sewerage provisions.

"Being just 20 minutes north of Tauranga city, Omokoroa is a viable lifestyle option for commuters working in the city. Demographic projections say the town could have a population of 12,500 by 2020 so a forward-thinking developer will see the value in jumping into the fold to capitalise on this growth.

"Planned future development of the Tauranga Northern Arterial route will see a four-lane highway through to Tauranga city to streamline travel," Pinny says. "Given that Omokoroa is on a peninsula against the upper shores of the Tauranga harbour, the recreational options are also a definite drawcard.

"Property surrounding these development sites is largely retirement complexes and high-value residential which, when combined with holidaymakers year round, provides a good base for potential commercial developers."

What's on offer

For sale: Nearly 2.7ha of greenfields land
Zoned: Commercial Business Where: Omokoroa Peninsula, Bay of Plenty
Sales method: By tender closing August 22
Features: 20 minutes north of Tauranga city
Three road frontages
Area of big infrastructure developments
Retirement centre and commuter town.