New Plymouth subdivision 'teed-up' to sell

The gently-undulating block of coastal land sits on the northern corner of the Ngamotu Championship Golf Course. Photo / Supplied

A large block of coastal land formerly owned by Ngamotu Golf Course - and now consented for the establishment of a 16-section high-end residential enclave - has been placed on the market for sale.

Owners Taranaki-based investment company Links Coastal Development Ltd has commissioned New Zealand's leading landscape designers, Boffa Miskell, along with other relevant New Zealand experts, to achieve local council consent for the establishment of 16 residential lots.

The consent process requires detailed landscape and engineering design, completed survey plans along with ecological and coastal zone study reports. "All the hard work is done," says Neale Parkinson of Bayleys Taranaki who is marketing the land for sale is being marketed by tenders closing on August 9.

The gently-undulating block of coastal land sits on the northern corner of the renowned Ngamotu Championship Golf Course, and is the only piece of waterfront real estate in the New Plymouth city catchment with consent for a multi-residential development.The 7.6465ha waterfront block also overlooks New Plymouth's Coastal Walkway.

Parkinson said that under current consented plans, individual sections within the development block range in size from 1410sq m to 1.095ha.

"Taking into account the dune-like topography and flora present across the block, the council has given consent for homes to be built so that the rooflines and form blend in with the countryside," he says. "It's appreciated the coastal environment of this location is fundamental to the value of what will be a very exclusive collection of lifestyle residences."

Individual sections within the development block range in size from 1410sq m to 1.095 hectares. Photo / Supplied

Parkinson says that while the consents in place allowed for the subdivision of up to 16 sections, there was the option to have fewer - but larger - properties sliced off.

"Because of the multiple development options, along with the fact there is no other site like this on the Taranaki coastline this close to the city, the block is being sold through a tender process rather than with a fixed price or at auction," he says.

As part of the council consent, a new access road will be formed off the end of the existing Links Rd network servicing the enclave block. Links Coastal Developments Ltd is the company behind award-winning subdivision The Links - a 250 home community sitting between the beach and State Highway Three.

Parkinson says the granted consent provides flexibility with staging the developmentand, throughout the consenting process, the company has received keen interest from potential buyers.

"While waterfront property does come up for sale occasionally, this land will certainly be at the forefront of developers looking at the marketplace demand for these sections,"he says.

"The New Plymouth-based consortium of shareholders has decided the time is right to pass the project on to a purchaser who will complete the development which has been many years in the making."